When you think of purchasing insurance to reduce risks from weather, you are probably thinking of crop insurance or specialized hurricane insurance. But you can also purchase insurance to protect against losses from bad weather for any outdoor event you might have. To do that, you typically have to have an official observation at the site of the event to prove that rain or strong winds actually did occur. This story from Insurance Journal about Bad Bunny’s weather insurance for his outdoor concerts says that he had a temporary weather station installed right at his concert venue that was monitored by his insurance company during the concerts. If it had rained more than the specified threshold amount, he would be been reimbursed for his likely mult-million dollar losses. You can read more about this special weather insurance athttps://www.insurancejournal.com/news/international/2026/04/20/866538.htm.
