Re: Canada's CAR loses its insurance

I wouold say yes since Tripoli policy applys at TRA launches in UK. That's why they do not fly very many rockets at TRA launches but do at indy launches.

Jerry

Which is why I suggested that some (significant :-)) fraction of NAR members become CAR members, since the NAR policy doesn't cover activities outside the U.S.

TRA has a global policy, so its members are covered wherever they fly.

Check is in the mail.

Rocky Firth

Slight disagreement: risk has very little to do with insurance rates. Insurance companies make most of their money by investing our premiums (notice how the tallest building in town always seems to belong to an insurance company?). When the stock market is in the toilet, they have to boost premiums. When their investments are doing well, they can fight over market share and lower premiums.

All we have to do is wait for the economy to improve. Doesn't that make you feel better?

Doug Pratt

It's a railroad.

-- ""Remove "zorch" from address (2 places) to reply.

What does this insurance cover you for exactly ?

Thatn is a closely guarded secret. Literally.

Jerry, if this is true, and I know *you* would never exaggerate , then why would *anyone* in their right mind put out for such insurance? !

Also, I thought that if you were paying for insurance then you had a right to see the policy?

Lastly, if it really really *is* a secret then couldn't some sort of very simple lawsuit gain access to the policy ?

I just *hate it* when orgs do things like that!

I'll tel you what. Join TRA, ask to see the policy. If they show you I'll pay for your membership. If they refuse you will have a cause of action.

According to Doug Pratt :

Risk has everything to do with insurance rates. It's just that the risk includes more than the risk of claims costing more than rates, it's more of an overall risk.

As one biz insider said, when the stock market is good, some insurance companies were okay with a 105% payouts:rate revenue ratio, because they were making plenty off the stock market. When the stock market is bad, they have to get that below 100% (he suggested around 90-95%, as long as they're not actively losing money hand over fist in the markets).

The rocketry biz simply isn't large enough for the companies to be serious about being competitive.

Ugh.

from

"Memberships will be processed, however, I will hold the payments here at CAR HQ until the new insurance and subsequent budget is formulated. Once the new CAR program is known then the accumulated membership renewals will have the option to review their membership application. "

- iz

Any TRA launches in the UK are few and far between, as far as I am aware.

Jerry, Does that offer hold for anyone besides Diane? If so, I'll take you up on the bet. I've been known to take your money in the past. >;-)

Mark Simpson NAR 71503 Level II God Bless our peacekeepers