(Rock News Desk) Insurance firm Lloyds, who backed Kings of Leon's cancelled US tour, could be made to pay out up to $15m in lost revenues for venues and promoters – and that could affect the band's chances of playing big shows in the future.Lloyds of London are one of several companies which secure the investment of all those involved in putting on large-scale shows. When the Kings called off their trek after frontman Caleb Followill's onstage breakdown at the beginning of August, the claim forms started arriving.
"It's kind of like a credit report – you have to earn your reputation over time. Insurance companies are going to be looking at that," Elizabeth Wightman of Steelbridge Insurance tells Rolling Stone. "There's a lot of rating factors: venue size, age of the performer, health of the performer, how far they have to travel, whether it's plain, train or automobile." more on this story
