Crashed Virgin Galactic spaceship had $40 to $50 million in insurance coverage

Virgin Galactic Space Tourism insurance coverage

The primary underwriter that will be responsible for the payouts is going to be AIG. The disaster that occurred on Friday when the Virgin Galactic spaceship crashed has approximately $40 to $50 million in insurance coverage, and the main insurer that is going to be responsible for those payments is reported to be AIG. This, according to the broker on the deal, Jardine Lloyd Thompson, a British brokerage and insurance services provider. At the time that this article was written, AIG declined the opportunity to comment on this insurance coverage.…

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