Kanye West insurance lawsuit worth $10 million following tour cancellation

kanye west insurance

The performer filed the suit against a number of Lloyd’s of London syndicates, alleging lack of payment. The Kanye West insurance lawsuit has hit the news headlines as the celebrity claims his insurers aren’t paying his due amount following the cancellation of his performance tour. The entertainer suddenly halted a number of performance dates on his Saint Pablo Tour. Officially, the Kanye West insurance claims were filed through the performer’s Very Good Touring, Inc. company. He now alleges that the insurance companies have failed to pay out on the claims…

Read More

Event insurance policy for Lady Gaga’s Super Bowl gig may cost over $100k

Lady Gaga event insurance policy super bowl halftime show

Her rooftop stunt may be flashy and exciting but it can also bring massive profits to insurers. On February 5, Lady Gaga will headline the Super Bowl halftime show and will require a substantial event insurance policy for the performance. She intends to perform on top of the NRG Stadium cover dome in Houston. Organizers are scrambling to assemble plans to safely put her on the dome in the first place. While it’s clear that every measure will be taken to ensure Lady Gaga will be safe the entire time,…

Read More

Boxing event insurance will soon be available in New York

boxing event insurance

The sport’s promoters have found themselves placing one date after the next on hold due to a lack of coverage. Boxing event insurance is finally on its way to New York to reduce the struggles faced by the sport’s promoters in the state. At least four dates have already been postponed or placed on hold with the New York State Athletic Commission between January and March. The reason is that it wasn’t clear whether or not it would be possible to obtain coverage for them. Without the right insurance coverage,…

Read More

Kanye West insurance payout could reach $30 million

hospital doctor kanye west insurance

The performer cancelled the rest of his tour as a result of reported mental health problems. Media reports suggest that the Kanye West insurance payout could be as high as $30 million following his tour cancellation. The hip hop celebrity announced the cancellation of the remainder of his tour as a result of health struggles. He was hospitalized last week following an incident while he was at his trainer’s house. Reports indicated that the police had been initially called for a domestic disturbance, later deemed a medical emergency. The star…

Read More

UFC athlete insurance sky high for debut event in NYC

Madison Square Garden New York City athlete insurance

The organization spent millions to make MMA legal within the state and will now face high premiums. The UFC won its lobby to legalize mixed martial arts in New York but athlete insurance in the state is proving to be costly. It has already spent millions of dollars just to be able to hold events in New York. Now that it is facing its debut event in NYC, the state’s unique coverage regulations are driving up costsw. The state requires $1 million in traumatic brain injury insurance coverage for each…

Read More

Halloween insurance costs are sending haunted houses to the graveyard

Halloween Insurance News - Safety

These attractions are rapidly disappearing due to the associated liability costs for organizers. Haunted houses have long been a tradition at this time of year, but the cost of Halloween insurance has been shutting them down. Many communities across the country have found that the attractions weren’t coming back this year. Over the last couple of decades, haunted houses had been rapidly rising in popularity. It reached the point that people who truly enjoy a good fright would be able to go from one haunted house to the next. They…

Read More

LARP insurance policy designed for safer adventuring

Knight armor LARP insurance policy

It can be dangerous being a wizard or warrior on a quest, so LARPers have found coverage in the real world. Live action role playing (LARP) has become a tremendously popular pastime for players across the country and, to an increasing extent, around the world and now these players and their events are able to find an insurance policy to protect them throughout their adventures. Although the costume-clad players are taking part in fictional battles, it is not impossible for real-world injuries to occur. The characters they are playing may…

Read More

Insurance coverage problems force cancellation of pumpkin flinging contest in Delaware

pumpkin festival insurance coverage

The annual event has now been shut down because of issues in finding an affordable policy. The annual pumpkin flinging contest in Delaware has now been cancelled for the second year in a row because the organizers of the World Championship Punkin Chunkin said that they were unable to find insurance coverage. The event had been scheduled to take place at the Dover International Speedway in November. The insurance coverage issue is not the first to cancel the event, as it cancelled the Punkin Chunkin last year, as well. Before…

Read More

Pope’s visit to Philadelphia made insurance news with special event coverage

Pope Francis insurance news

The two day visit from the pontiff over the weekend led to a strategic effort to ensure full coverage. This weekend, Pope Francis visited Philadelphia, ending the six day visit to the United States, and among the headlines that this made, it also worked its way into the insurance news spotlight. The reason is that there were special event policies that were required in order to cover the apostolic journey. In Philadelphia, this insurance news involved a special event policy through multiple insurers, led by W.R. Berkley Corp. and OneBeacon…

Read More

Insurance costs force the cancellation of Battle of Britain fly-past

spitfire plane insurance costs

The Shoreham crash has caused the premiums for these performances to spike, making this one cost prohibitive. The prohibitive insurance costs associated with covering a fly-past of 20 spitfires for a commemorative ceremony of the Battle of Britain have cancelled this portion of the event. The reason is that the premiums have spiked dramatically following the crash at the Shoreham Airshow. That disaster occurred in August and killed 11 people. Now, it has led the insurance costs associated with air shows to increase to the point that they may no…

Read More