FAA’s outdated risk-calculation methods for commercial space launch insurance could cost launch companies and the government, according to the U.S. Government Accountability Office (GAO). Added expense could come in the form of companies buying too much coverage, or actual losses resulting from current caps on government coverage, auditors warn. GAO’s report says FAA has used the same method since 1988 and has not updated crucial factors, nor has it had the method reviewed by ...
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