Orbital Sciences Antares rocket explodes after liftoff

Re:Orbital Sciences Antares rocket explodes after liftoff by dfan on Tuesday October 28, 2014 @08:03PM (#8524585)

If the insurance company is doing its job right, this was priced into its rates.

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Re:Orbital Sciences Antares rocket explodes after liftoff by gohrt on Wednesday October 29, 2014 @02:32PM (#8528965)

Then the failure wasn't free. This customer and all other customers paid for this failure. Other customers, who may have done more and more expensive work to avoid failure, are stuck paying for this failure. Insurance thus incentivizes a race to the bottom -- using other customers to finance ones own risk.

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Re:Orbital Sciences Antares rocket explodes after liftoff by FranOntanaya on Wednesday October 29, 2014 @06:35AM (#8526438)

Then it cost millions to a lot of people.

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Re:Orbital Sciences Antares rocket explodes after liftoff by claystu on Wednesday October 29, 2014 @08:50AM (#8526863)

Which is understood by all those people when they purchase insurance. This isn't news. Spreading the risk around is why people buy insurance in the first place.

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