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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

XINSURANCE Offers Space Insurance to Jeff Bezos and Blue Origin Passengers

June 29, 2021 GMT

SALT LAKE CITY--(BUSINESS WIRE)--Jun 29, 2021--

XINSURANCE – a leading nationwide specialty lines liability insurance company – today offered to insure Jeff Bezos and his five Blue Origins passengers during the upcoming high-profile rocket flight in July.

“Like Bezos, we are calculated risk takers, and XINSURANCE strives to find formulated solutions for the uninsurable,” said J. Parker Lindsey, senior vice president of XINSURANCE. “We are confident we can accurately evaluate this new risk of space flight and provide quotes to and insure not only Bezos, but all future passengers of space flights.”

Bezos, the wealthiest person in the world, is the biggest name to take to space, and until now, could not find an insurance agency to cover the 11-minute trip for him and his space crew. While NASA’s astronauts are effectively insured through U.S. taxpayers, Blue Origin is not legally required to offer insurance to its passengers. Until today, no firm was ready to offer liability coverage for space travelers.

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In addition to offering to cover the space flight with Bezos, XINSURANCE will look to offer insurance for the budding space tourism industry in general. XINSURANCE specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure.

“It’s a risk category where there’s a need,” says Lindsay, “And we’re the right company to fill it.”

XINSURANCE is a specialty lines liability insurance company that provides insurance solutions for difficult risk individuals, homeowners and businesses when other insurance companies will not or cannot provide. The insurance company has more than 40 years of expertise in offering high-risk specialty insurance across the U.S. For more information about XINSURANCE, visit www.xinsurance.com.

About XINSURANCE

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XINSURANCE is a dba of Evolution Insurance Brokers, LC, Salt Lake City, Utah. With more than 40 years of experience, XINSURANCE offers specialty lines, property and casualty, professional and personal liability Insurance coverage in all 50 states. By providing clients with access to customized liability insurance policies that cover gaps in their traditional insurance coverage, XINSURANCE helps minimize exposures and maximize peace of mind. For more information, visit XINSURANCE.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210629005911/en/

CONTACT: Austin Isbell

Love Communications

801.746.1648

aisbell@lovecomm.net

KEYWORD: UTAH UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE AEROSPACE MANUFACTURING

SOURCE: XINSURANCE

Copyright Business Wire 2021.

PUB: 06/29/2021 12:25 PM/DISC: 06/29/2021 12:26 PM

http://www.businesswire.com/news/home/20210629005911/en