Tag: Satellite Insurance
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When a Satellite Fails, Will Insurers Pay the Claim or Fund a Repair Mission?
In 1984, two communications satellites, Westar 6 and Palapa B2, were placed into incorrect orbits due to an upper-stage malfunction. Their insurers were already facing a massive loss, but instead of simply paying out the claims, they signed an agreement with NASA to have the Space Shuttle retrieve the two satellites from space and return…
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SpainSat NG II Suffers Irreparable Damage, Hisdesat Seeks Replacement Satellite
Hisdesat said the SpainSat NG II military communications satellite has suffered non-recoverable damage after being struck by a space particle, prompting the company to begin the process of procuring a replacement spacecraft. In a statement issued on January 16, Hisdesat said the satellite was hit by a particle estimated to be only a few millimetres…