Three space accidents cost insurers more $500 million
Posted On: Oct. 8, 2015 12:00 AM CSTAlexander 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.