ORBCOMM Inc. (Nasdaq: ORBC) announced that ORBCOMM Inc. and its satellite insurers settled any and all claims relating to the Coast Guard Demonstration satellite and five quick launch satellites. The settlement is in the amount of US$44,250,000, which equates to 88.5 percent of the maximum claim of US$50,000,000 from third party insurers. ORBCOMM retains ownership of the two quick launch satellites still operating.