Insurers resist SES’s $472-million claim for defects on mPower satellites, saying it’s a forecast, not an observed loss

by Peter B. de Selding

LA PLATA, Maryland — Satellite fleet operator SES, which is the biggest commercial customer for the world’s space insurance industry, remains locked in a year-long battle with its underwriters over SES’s $472-million claim for defects on the first four O3b mPower satellites.

Over a year after SES first made its claim, most of the underwriters on the policy have refused to pay it.

The insurers do not question the claim’s basic premise: that the first mPower satellites exhibit intermittent switch-offs of their . . .

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