When Tragedy Strikes The Rock World, Contingency Insurance Reacts

 Tuesday, May 23, 2017

 Insurance Business Magazine

The untimely death of a famous rock front man has highlighted the need to insure against the truly unfortunate in the entertainment industry. Chris Cornell, 52, lead singer of Soundgarden, died last week in his hotel room in Detroit following a concert. His death is being investigated as a possible suicide. As tributes flow for the grunge rock singer, who also fronted rock band Audioslave, concerts and festivals have had to be cancelled. And while concert cancellations may seem trivial when cast in the shadow of an untimely death, the reality is that promoters stand to lose millions of dollars through event cancellations — whether that is through adverse weather, catastrophe, or, indeed, a band member’s death.
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