The Virgin Galactic spaceship that crashed on Friday was insured against losses totaling around $40-50 million, and the lead underwriter was American International Group, two insurance sources told Reuters on Monday. AIG declined to comment, and Reuters did not identify the sources. The spacecraft crashed in California's Mojave Desert during a test flight, killing one pilot and severely injuring the other. The National Transportation Safety Board (NTSB) is leading the investigation into the crash.

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