Why no insurer wanted to go near Fyre Fest

Fyre Fest. The infamous festival that spawned a thousand memes, and left the world obsessed from the influencer promo video start, to the documentary film finish. For those not in the know, Fyre as it became known, was the brainchild of US entrepreneur Billy McFarland. The man behind a number of failed projects managed to meet rapper J Rule, and the two decided they wanted to start a luxury music festival. The pair launched the festival by paying the biggest supermodels in the world to go to an island in the Bahamas and film a video that was launched on social media. The names spoke for themselves - Kendall Jenner, Bella Hadid, Emily Ratajkowski. Combined the three have a social media following of more than 111 million on Instagram alone. The tickets, which cost up to £15,000 ($20,000 USD) each, sold out almost immediately when launched. Rich kids with their parents’ money were clamouring to be seen to be going.