Some of the most challenging risks in the event cancellation business are aging performers—whether they're rock-and-roll stars or operatic tenors, according to one managing general agent who specializes in placing contingency insurance for concerts.

While the average person might think an opera singer would be more dependable and less risky, Jack Cave, president of Los Angeles-based Entertainment Brokers International, a unit of OneBeacon Insurance, said an opera star with an extensive travel schedule can be a difficult to place when it comes to non-appearance insurance coverage.

In addition, he noted that being an operatic singer puts a lot of strain on the vocal chords.

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