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$250 million claim filed over loss of satellite


Aerospace firm China Satellite Communications Co. Ltd. has filed a $250 million insurance claim for the loss of its ChinaSat-18 satellite, which has not made contact since reaching orbit, SpaceNews reported. The satellite, launched Aug. 19, was initially underwritten by The People's Insurance Company of China Ltd., ChinaSat-18 was reinsured on the international market.

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