A UK insurer that recently began offering life coverage for would-be space tourists said it has seen no increase in interest in the policy following the fatal crash of a Virgin Galactic test space ship last month.
The policy, sold by Pembroke Managing Agency, pays up to $5 million per traveler or $20 million per suborbital space flight, parent Ironshore International said in announcing the policy in June.
Crop insurance and farm bill debates have dominated the news headlines and led to uncertainty and frustration for many farm and ranchers, but insurance experts in the agribusiness industry say the property/casualty segment of this market has actually remained stable in terms of rates and coverage options, so far.
ACE, XL, and Ironshore led the field of 131 P&C firms vying to be the New Product Announcement Pacesetters of 2013. View the Top 10 NPA Pacesetter rankings here as well as comments from ACE’s John Lupica, XL’s Mike McGavick, and Ironshore’s Kevin Kelley.
Ironshore distinguishes itself in the industry by closely aligning our claim professionals with members of the underwriting, actuarial and finance teams. This is our way of ensuring that the people who make the promises, keep the promises and that our policyholder claims are handled in a professional and expeditious manner.