Wednesday, October 18, 2017

Hyperloop Transportation Technologies Links With Insurer Munich Re

Playa Vista-based hyperloop developer Hyperloop Transportation Technologies--the company led by Dirk Ahlborn and Bibop Gresta--says it has linked up with insurance company Munich Re on a risk analysis and feasibility effort. According to HTT, Munich re created a "Hyperloop Transportation Technologies Risk Report" which assesses the feasibility and insurability of HTT's technology and system. HTT is one of at least three companies in the LA area working on high speed "Hyperloop" systems, first described by technology mogul Elon Musk. The other companies are the similar named Virgin Hyperloop One in downtown Los Angeles, and SpaceX, in Hawthorne. HTT and Virgin Hyperloop One are both in the midst of feasibility studies with a variety of groups and governments, with Virgin Hyperloop One with a test track in Las Vegas; Elon Musk's SpaceX is busy boring tunnels through Los Angeles near its headquarters for its own system.

---