Insurers could have to pay millions of pounds in claims after a foiled terror attack forced three Taylor Swift concerts in Austria to be cancelled.
Some 195,000 fans had been expected to attend the concerts in Vienna this week.
But organisers had to scrap the concerts after a planned attack at the Ernst Happel Stadium.
Concert organiser Barracuda Music said all tickets would be refunded within ten days.
Marcos Alvarez at Morningstar DBRS said losses could be in the tens of millions of pounds.
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