Tag: Satellite Insurance
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Successful Launch Does Not Mean Delivery Is Complete: Key Stages of In-Orbit Satellite Delivery
On September 13, during the 2026 China International Fair for Trade in Services (CIFTIS), Beijing Kaiyun United Information Technology Group Co., Ltd. (“Kaiyun Group”), PICC Property and Casualty Company Limited Zhejiang Branch, Beijing Hangbiao Times Testing and Certification Co., Ltd., and Sipai (Beijing) Insurance Brokerage Co., Ltd. signed a strategic cooperation agreement to develop commercial…
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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…