In searching around, I see the 237 million dollar satellite that was supposed to study global warming crashed into the ocean around the time that you asked this question, so I'm going to assume that is the satellite you are referring to.

"The federal government, unlike private companies, does not normally insure its satellites, said space analyst Jeff Foust of the Futron Corporation, a technology consulting firm. Asked whether the spacecraft was insured, NASA spokesman John Yembrick said the agency is looking into the incident and the terms of the contract with Orbital Sciences."

So it looks like 'not sure but probably not' at this point.
Source(s):
http://www.news10.net/news/local/story.aspx?storyid=55615&catid=80


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