Richard Branson is scheduled to fly into suborbital space on Sunday, nine days ahead of a similar journey by a fellow billionaire, Jeff Bezos. These first flights for the space moguls will also launch without liability insurance, the DealBook newsletter reports. Brokers say neither Virgin Galactic nor Mr. Branson appears to have bought coverage should the British business mogul be hurt, or worse. Virgin, Mr. Branson and Blue Origin declined or did not respond to requests for comment. “We have talked to those companies about insurance and regulatory issues a lot,” said Sima Adhya, the head of space insurance at Hamilton, a company that offers insurance through Lloyd’s of London.

Source: International New York Times July 09, 2021 13:07 UTC