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The Columbia Space Shuttle Tragedy: Third‐Party Liability Implications for the Insurance of Space Losses
Author(s) -
Manikowski Piotr
Publication year - 2005
Publication title -
risk management and insurance review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.386
H-Index - 16
eISSN - 1540-6296
pISSN - 1098-1616
DOI - 10.1111/j.1540-6296.2005.00053.x
Subject(s) - space shuttle , space (punctuation) , liability , business , actuarial science , finance , computer science , aerospace engineering , engineering , operating system
Space flights are no longer rare events, but the commonplace is not necessarily safe. When disaster strikes, as in the Columbia Space Shuttle disaster of 2003, third parties as well as those directly involved are financially affected. This article considers how these issues are treated under international law. It also analyzes what products the insurance markets offer as protection against such third‐party liabilities.