Hyperloop Insurance is here

Munich RE’s entry into the field may help HTT’s competitors like Hyperloop One and Hardt Global Mobility by making an insurance product available to them. Hyperloop One, in particular, will need a lot of coverage when it starts testing its system with people in it, probably next year.

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Hyperloop One Made History on May 12 and Nobody Noticed

Hyperloop may have had its’ “Kitty Hawk moment” on May 12 and nobody noticed. That was the day Hyperloop One tested the first full-sized pod in a tube at its North Las Vegas, Nevada, test track.

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What Companies will benefit from Hyperloop?

Amazon (NASDAQ: AMZN) – The Everything Store is basically a logistics company and Hyperloop is a next generation logistics solution. Hyperloop One CEO Rob Lloyd has even described his company’s technology as “Amazon Prime on steroids.” Hyperloop would make Amazon more profitable by greatly reducing transportation costs while speeding up delivery times. A fulfillment center in Ohio would be able to provide same day delivery for merchandise ordered in Chicago or New York by utilizing Hyperloop.

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