Launching Jeff Bezos into space is a leap too far for insurers
June 29, 2021 by Reuters
Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.
Amazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere.
And while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space are not yet among them.