London-based United Insurance Brokers and Space Partnership International have recently placed insurance for commercial payloads flying on the penultimate STS Shuttle mission (STS134), currently scheduled for the 29th April.
The coverages for the mission have been underwritten by Starr Aviation on behalf of Starr Indemnity & Liability Company.
UIB’s bulletin explained that “operating under a NASA Space Act agreement, NanoRacks have designed, launched and installed affordable experimental rack space aboard the International Space Station as a completely independent, commercial space operation utilizing only private capital.
“The insurance coverage for the next launch mission will provide risk mitigation for 16 US middle schools and high schools that have each developed a class project in space research.
“The NASA approved experiments are small ‘wells’ or vials that sit inside a NanoRacks unit. Astronauts will be involved in conducting and monitoring the wide range of experiments which are studying diverse projects such fluid patterns, the behavior of fluids and seed germination in zero gravity.
This is the third STS commercial payload placement by United Insurance Brokers (UIB) and Space Partnership International on behalf of NanoRacks LLC.”
Source: United Insurance Brokers
Topics Commercial Lines
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