Live Nation sues insurer for non-payment

FM is accused of breach of contract for allegedly wrongfully failing to cover Live Nation's losses stemming from the coronavirus pandemic

News By IQ | 3 February 2021

Most of Live Nation's venues have seen shuttered since March 2020 © Alan Tennyson (CC BY-SA 4.0)

Live Nation is suing insurer Factory Mutual (FM) for failing to cover its “unprecedented” losses as a result of the nearly year-long concert business shutdown. Beverley Hills-based Live Nation, the world’s biggest live music company, is taking legal action against Factory Mutual Insurance Co.

in the former’s home state of California for allegedly wrongfully refusing to pay out, despite Live Nation’s policy including business interruption cover from FM.

“Covid-19 has had a dramatic impact on Live Nation’s…

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