Astroworld Fest: Venue's Liability Insurance Totals $26M For Lawsuits

As more lawsuits are filed against Astroworld Fest organizers, the total of the venue's liability insurance coverage might not be able to cover the potential judgments.

BYAron A.Nov 09, 20212.7K Views

More information emerges each hour about the tragedy that occurred at Astroworld festival where eight people died in a deadly crowd surge. Fans of Scott have called for his cancellation while the families of the victims have demanded someone be held accountable for their actions. The lawsuits have been piling on, too. The rapper has been named in over 30 lawsuits but new information regarding the venue's liability insurance reveals that the potential judgments might ultimately put a strain on his pockets.

Image via HNHH. Photo shot by @frankievergara_

TMZ obtained NRG Park's Certificate of Liability that was filed to the city of Houston ahead of the Astroworld Festival. Under the liability policy, the venue has insurance that totals $26M -- less than the potential total of judgments that could come. The policy includes $1M in primary coverage with a $25M umbrella. However, with the number of lawsuits being filed against NRG Park, the venue would be on the hook for anything exceeding the policy limit, if there isn't any additional coverage.

There's nothing that has been said about Travis Scott or Live Nation's insurance policies. However, both can be found in similar situations if the judgment is above their insurance coverage.

In related news, the FBI recently announced that they would be getting involved in the Houston Police Department's investigation of the tragedy that occurred at Astroworld Festival on Friday.

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Aron A.

Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.