Electronic Proceedings - United Nations Office for Outer Space Affairs

7. Insurance Coverage PrinciplesBackgroundsatellite launch and in-orbit insurance policies continue to be manuscript versus standardforms, despite many common conditionskey terms include loss definitions and formulations, insuring agreements and claimsproceduresa combination of negative loss experience involving complicated claims, adverseperformance in the satellite manufacturing and adverse experience in the insurance sectorsoverall and lack of precision in policy drafting has resulted in an increase in disputesIssuesproper endorsement as additional insureds/loss payeesinterpretation of total, constructive total and partial loss and “occurrence”waiver of right of subrogation363Milbank