Tuesday, June 7, 2011

Michael Jackson insurance firm rejects $17.5m tour claim


The UK firm that insured Michael Jackson's 'This Is It' shows at London's O2 arena has refused to pay out claims of $17.5 million due to issues surrounding the star's alleged abuse of prescription drugs.
Lloyd's of London has asked a Los Angeles-based judge to nullify the insurance claim after the concert's promoter AEG Live failed to provide it with sufficient details surrounding the cause of Jackson's death, reports BBC News.
AEG took out the policy - which covered circumstances including cancellation and non-appearance at the shows - in order to be entitled to claim up to $17.5m in losses. This was applied for two months ahead of the singer's death in June 2009.
Lloyd's of London has claimed that it was not given full information about Jackson's medical history and that an examination was not carried out. The company also insists that it has tried to access information surrounding Conrad Murray - Jackson's personal doctor - since December 2009.
With AEG failing to provide the required information, Lloyd's has stated that it is not obliged to pay for the cost of the cancelled shows.
The trial of Doctor Conrad Murray - who faces charges of involuntary manslaughter over the death of Jackson - has been delayed until September so his defence team have more time to prepare further medical expertise and evidence.

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