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Three space accidents cost insurers more $500 million

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Alexander Podchufarov, vice president at Russia-based Ingosstrakh Insurance Co., said that three major accidents in the Russian space industry in 2015 has cost insurers more than $500 million, reported Forinsurer citing Finmarket.

The accidents included failed launches of the MexSat and EgyptSat satellites, Mr. Podchufarov said.

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