ISPCS Panel Discussion on IP, Export Controls and Insurance

ispcs_logoHot Topics:
Intellectual Property, Export Controls & Insurance

Chair: Franceska Schroeder, Principal, Fish & Richardson, P.C., Washington, DC Office

Speakers:

  • Grant Anderson, Senior Vice President and Chief Engineer, Paragon Space Development Corporation
  • James W. Babineau, Principal, Fish & Richardson P.C., Austin Office – Intellectual Property
  • Christopher T.W. Kunstadter, Senior Vice President Aerospace Insurance, XL Group

Tweets

Now on the stage: panel discussion on export control and intellectual property protection related to the commercial space industry. (ISPCS ‏@ISPCS)

Now up at #ISPCS, additional duscussion on risks and insurance. Moderator @FOSchroeder (Alan Ladwig ‏@SpaceArtAl)

Chris Kunstadter, XL Insurance on “Hot Topics” panel: lot of capital in space insurance market right now, pushing down rates. (Jeff Foust ‏@jeff_foust)

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Risk Issues Remain Unresolved as Space Tourism Nears Liftoff

Lloyds_of_London_logoVia Lloyd’s
Reprinted by Permission

Space is the final frontier for hundreds of high net worth individuals seeking the ultimate tourist thrill. However, as industry delegates to a symposium held at Lloyd’s heard, some risk issues remain unresolved.

Suborbital flight – flying higher than 100km above sea level – will soon be a reality for anyone willing and able to pay thousands of pounds for a ticket. There are plenty of people already queuing for the privilege of being among the first 1,000 humans to experience space travel.

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Space Florida Partners With New Insurance Agency

WASHINGTON, Sept. 6, 2012 (Assure Space PR) — Assure Space, LLC, a new space insurance agency for satellite risks, is excited to partner with Auster Capital Partners (“ACP”) and Space Florida for the provision of launch and in-orbit insurance to satellite operators worldwide. Assure Space has agreements with participating insurers that grant it authority to act as their intermediary and perform a range of responsibilities on their behalf. These include identifying and evaluating world-wide space insurance opportunities and underwriting insurance commitments.

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ISTA, Allianz Global Assistance Team to Offer Space Tourism Insurance

ALLIANZ PR — Allianz Global Assistance will accompany future space travelers before, during and after their space flight with bespoke space travel insurance

Allianz Global Assistance, world leader in travel insurance and assistance solutions, and the International Space Transport Association (ISTA) have signed a unique partnership agreement in anticipation of the inevitable growth in space tourism and commercial space flight. The two partners are committed to accompanying travelers before, during and after their space flight to ensure that their unique galactic experience, as well as the experience of their families back on earth, will be as safe, serene and comfortable as possible.

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Space Tourism Insurance Might Be Difficult to Obtain

XCOR's Lynx suborbital vehicle
XCOR's Lynx suborbital vehicle

 

 

Insurance coverage on the final frontier: Space tourism a giant leap for insurers
Business Insurance

Brokers and other observers said it is difficult to speculate on the insurance market for private space flight because the space tourism industry is not yet a reality, but some said they believe the initial ventures would have difficulty buying cover for the risk.

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Experts: Space Tourism Faces Challenges From Insurance Companies

The space tourism will face high prices and skepticism from the insurance industry during its early years, according to experts at a recent high hurdles from the insurance business in its early years, according to industry experts who spoke at the Federal Aviation Administration’s annual Commercial Space Transportation Conference.

Experts said that policy costs will be extremely high until a company flies safely at least three times. A string of failures could doom a start-up company, they said.

Read the full story here on Fox News.