Space Insurers Brace For Claims After Propulsion Trouble on Four GEO Satellites (Space News)

Space Insurers Brace For Claims After Propulsion Trouble on Four GEO Satellites

Friday, October 13th, 2023 Insurance Industry Risk Management Technology

Propulsion problems on four satellites using the same kind of power modules are expected to result in at least $50 million in claims for insurers already facing more than $800 million in losses this year following two major spacecraft failures.

According to multiple insurance sources, Yahsat’s Al Yah 3, Avanti Communications’ Hylas 4, and Northrop Grumman’s two Mission Extension Vehicles (MEV-1 and MEV-2) are operating with reduced power to their thrusters following a problem with onboard Power Processing Units (PPUs).

The PPUs from Aerojet Rocketdyne provide the electrical power their thrusters need for station-keeping in geostationary orbit (GEO). One of the sources said Al Yah 3, Hylas 4, and MEV-2 have each lost one of two onboard PPUs since the issue emerged in 2022. The youngest of these spacecraft, MEV-2, launched in 2020.


External References & Further Reading
https://spacenews.com/space-insurers-brace-for-more-claims-after-propulsion-trouble-on-four-geo-satellites/
SOS Ladder AssistMid-America Catastrophe ServicesAspen Claims ServiceWeller SalvageU.S. Forensic