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XINSURANCE Offers Space Insurance To Jeff Bezos and Blue Origin Passengers
Salt Lake City, June 29, 2021 – XINSURANCE – a leading nationwide specialty lines liability insurance company – today offered to insure Jeff Bezos and his five Blue Origin 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.
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 Lindsey. “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.
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.
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.