It may not have anything to do with getting wet. I've had many mowers over the years sit out in thunderstorms and still start. Usually they get water in the fuel system, but not lose fire. Pull the kill wire on the magneto and see if you still get fire. Could have been something happen at the same time it rained...maybe grounding out the coil, or switch wet and grounding out etc. Wouldn't hurt to dry it off and see if it works. I wouldn't want a coil that is that sensitive as you're looking at trouble on down the road with it. I don't see how water would have gotten to the coil / magneto if the shroud was on, even in a blowing rain.