CONTRACT
Live music Industy

The insurance industry is taking a pragmatic view of Michael Jackson’s 50 date sell out run at London’s O2 (which may be extended) with a near universal reluctance to insure against cancellation and the £300 million resultant bill from a full cancellation. The Daily Telegraph quote AEG chief Randy Phillips as saying: “We would be prepared to self-insure to make up the dates. It’s a risk we’re willing to take to bring the King of Pop to his fans”.
http://www.guardian.co.uk/music/2009/mar/16/michael-jackson-o2-arena-insurance