In the event of a concert cancellation due to the singer's illness, who else has an insurable interest?

The concert promoters have an insurable interest in the event of a concert cancellation due to the singer's illness because they are significantly financially invested in the concert. This includes the costs associated with organizing the event, such as venue rental, marketing, staffing, and potentially paying the artist for their appearance. If the concert is canceled, the promoters would face substantial financial losses, justifying their interest in ensuring the event goes ahead as planned.

In contrast, while ticket purchasers do have a financial stake in the event, their interest is more about seeking reimbursement for their ticket purchases rather than covering a broader financial loss tied to the event itself. The adjacent car park and concert program printers do not have a direct financial loss attributable to the concert cancellation in the same essential way that concert promoters do. Their interests may be impacted indirectly, but that does not constitute an insurable interest in the way the promoters' interests are.