Business insurance claims denied to vendors at hugely popular farmer’s market

September 17, 2013September 14, 2013 Julie Campbell

st jacob farmers market fire business insurance

Some of the sellers at the St. Jacob’s Farmers’ Market which was destroyed by a fire will not receive a payment. The start of September brought devastation to a farmer’s market so unique that every year, it brings in crowds from around the world, but business insurance couldn’t save some vendor from the losses that were incurred from a massive fire that destroyed the main building. Early on Labor Day morning, flame engulfed the sprawling two-story building, leaving only rubble behind. Now, several St. Jacobs Farmers’ Market vendors are being…

Business insurance claim regarding Michael Jackson’s cancelled concerts dropped

September 20, 2012April 30, 2013

Micheal Jackson Business insurance claim over cancelled concert

The concert promoter has dropped the claim over the unfinished comeback performances. Following the death of Michael Jackson in June 2009, AEG Live, the King of Pop’s concert promoter filed a $17.5 million business insurance claim due to the cancelled performances on the comeback tour, but this filing has now been dropped. The claim had been made against Lloyds of London for the losses it faced that year. The insurer had been refusing to pay the claim because it stated that AEG had been making false claims about the health…