Astroworld Venue’s Liability Insurance Policy Totals $26 Million to Cover Lawsuits

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The park that hosted what turned out to be a tragic concert has a $26 million liability policy, but that won’t be able to provide enough cover…

This comes after lawsuits are piling up against Travis Scott and the venue that hosted Astroworld…

Scroll on for all the latest…

The tragedy occurred at the opening night of Travis Scott’s Astroworld Festival in Houston, Texas.

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Eight people tragically died at the festival with hundreds more injured after a crowd surge took place.

Since the news broke, tributes have been pouring in for those who lost their lives…

The crowd surge began around 9 PM on Friday November 5, during the rapper’s headline set at the site of the former Houston Six Flags park.

Crowds are said to have pressed towards the front of the stage as the rapper performed, causing panic to break out.

As the crowd surge grew, crushing began and people started to get injured, the BBC reports.

An estimated 50,000 people were in attendance for the 2-day festival, which has since been canceled.

Around 300 people were treated for injuries such as cuts and bruises.

And sadly, 8 people lost their lives during the incident.

Houston Police Executive Assistant Chief Larry Satterwhite, told the Associated Press that they “had several people down on the ground.”

“Suddenly we had several people down on the ground, experiencing some type of cardiac arrest or some type of medical episode,” he said. “And so we immediately started doing CPR, and moving people right then, and that’s when I went and met with the promoters, and Live Nation, and they agreed to end early in the interest of public safety.”

An attendee of the festival told KHOU that if “you didn’t jump, you would fall.”

“In the front, there was a lot of jumping. If you didn’t jump, you would fall and get trampled on, definitely. The crowd is pushing back and forth. If you were even a little tired, you were going to fall.”

After the events of the festival began to emerge, Travis Scott issued a statement.

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In the statement, he claimed he was “absolutely devastated” by the incident and that the police looking into it have his “total support.”

“I’m absolutely devastated by what took place last night. My prayers go out to the families and all those impacted by what happened at Astroworld Festival,” he wrote.

“Houston PD has my total support as they continue to look into the tragic loss of life.”

He also posted a video on social media “sending out prayers to the ones that were lost” during his concert…

However, his fans say he appears to be putting on an act and that his “body language” doesn’t seem remorseful in the slightest…

  via Twitter  

  via Twitter  

Scotts’ partner, Kylie Jenner also issued a statement about the festival in which she defended Scott.

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In the statement, Kylie said she wanted to make it clear that they “weren’t aware of any fatalities” until “after the show.”

“I am sending my deepest condolences to all the families during this difficult time and will be praying for the healing of everyone who has been impacted,” she said.

“And also for Travis who I know cares deeply for his fans and the Houston community, I want to make it clear we weren’t aware of any fatalities until the news came out after the show, and in no world would have continued filming or performing.”

Some are holding Travis Scott somewhat accountable for the tragedy.

As many believe he should have stopped the show.

Social media users have also been posting clips of other artist and their reactions to similar events…

With most completely halting their shows when they see fans in distress.

And now following the tragic event…

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It has come out that the liability insurance policy obtained by the venue NRG, where Astroworld was hosted, doesn’t cover the costs of claims made against them.

The venue where the festival was set took out a policy worth $26 million before it began.

When it comes to events this big, an insurance policy like this is required and was filed with the City of Houston back in July.

However, it seems the policy won’t cover the claims made by those ingured and the families of those who were killed that night.

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As reported by TMZ, over 300 people were injured at the concert and 8 people lost their lives, meaning “hundreds of millions” could be required to pay damages.

And if NRG’s policy doesn’t cover the cost (which is highly-likely) they will be liable for anything over $26 million.

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According to Insurance Business, Derek Potts, a lawyer based in Houston, said: “There are multiple parties responsible for the environment at the festival, and under Texas law, those parties have a duty to keep it safe.” Adding: “Clearly, they failed, as this was a huge catastrophe. Every party involved also certainly has insurance coverage.”

Attorney C.J. Baker also spoke out against Travis Scott, claiming he could face liability charges too…

“If the performer could tell there was a problem or if the performer agitated or incited the crowd, then the performer will have legal liability,” Baker said. “There is going to be a lot of video to review and we are going to know who said what and who did what.”