Insurers Want Liability Cap For Commercial Spaceflight

Law360, New York (June 7, 2012, 9:20 PM EDT) -- With more commercial space launches planned, some insurers are urging the U.S. government to follow the lead of five states and limit the liability of spaceflight operators, the U.S. Government Accountability Office said Wednesday.

Under the Commercial Space Launch Act, passengers and crew on spaceflights are required to waive claims against the federal government if an accident occurs and also sign cross-waivers among all of the parties involved in a launch, according to the GAO.

But third-party claims from others are still possible, whether they stem...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.