$600m of satellite claims to rocket

Chris Wheal
satellite
satellite

Forget flood insurance worries, space insurers face a potential black hole of claims from debris flying ten times faster than a bullet from a gun.

According to a report from rocket and satellite insurer Allianz Global Corporate & Specialty (AGCS), titled Space Risks: A new generation of challenges, there could be 300,000 objects between 1cm and 10 cm, and 35 million objects smaller than 1cm causing billions of damage.