Stefan Mileschin

Apparently, no one thought about that

While the world's richest plan to set up space tourism so them and their mates can spend all the cash they made on tax dodges seeing the world from space, they apparently forgot the one force which might ground them – insurance.

For decades the insurance industry has effectively decided who can do what by refusing to insure people who insist on doing risky things like driving a car, breathing, having sex etc. Now it turns out that they they are not that keen on insuring the world's richest men in what could be a really risky activity. After all, if Jeff Bezos gets distributed over the stratosphere if his rocket explodes there is going to be a huge insurance bill, he is apparently worth billions.

Now while the rest of the world wants Bezos, a lifelong space enthusiast, Elon Musk and Richard Branson to leave the planet as soon as possible, the insurance industry is saying no. Given space tourism's target market being for the very very wealthy, it is unlikely that the insurance industry is going to want to let any of them fly.

There is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.

https://fudzilla.com/news/53108-insu...-space-tourism