Lloyd’s of London Sues to Void $17.5M Insurance Policy for Michael Jackson Concerts
Posted Jun 6, 2011 8:03 PM CDT
By Martha Neil
Contending that a required medical exam was never conducted and that a concert promoter withheld information about Michael Jackson's drug abuse, insurer Lloyd's of London is seeking a court ruling voiding a $17.5 million insurance policy.
It provided coverage for the pop singer's non-appearance or cancellation of concerts in which he had been scheduled to appear in London, reports the Associated Press. After Jackson's death, promoter AEG Live sought a payout.
Lloyd's contends in the suit that it has been seeking information from Jackson's personal physician, Dr. Conrad Murray, to no avail.
The promoter didn't immediately respond to a request for comment from the AP.
However, a lawyer for Jackson's estate, Howard Weitzman, said in a written statement that the complaint is "nothing more than an insurance company trynig to avoid paying a legitimate claim by the insured," reports The Wrap. Liability associated with the concerts, which were cancelled after Jackson's death in June 2009, is a major cost for his estate.
The suit was filed today in Los Angeles Superior Court.
ABAJournal.com: "Trial of Michael Jackson’s Doctor Could Decide Insurance Coverage for Canceled ‘This Is It’ Concert"