Insurance company to be paid $10 million by Lance Armstrong

lance armstrong insurance company

A recent ruling has now been made against the Tour de France cyclist after the insurer sued for fraud. A panel decision has now been made to order Lance Armstrong to pay his insurance company $10 million after that insurer sued him for fraud in 2013 following his highly publicized case of Fraud in 2012. The decision from the Texas arbitration panel was a vote of 2 to 1 with regards to the Tour de France winning bonuses. According to Bob Hamman, the president and founder of the sports insurance…

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Insurance news made by Lance Armstrong in fraud lawsuit

Lance Armstrong insurance news lawsuit

The former Tour de France title holder is being ordered to answer doping questions by a Texas judge. A Texas judge is making insurance news as he has ordered Lance Armstrong to answer questions regarding his doping, particularly with respect to who knew about the behavior and when they became aware of it. These questions could possibly include the discovery of whether or not Armstrong’s ex-wife and attorneys knew. The insurance news making questions are being required as a part of an effort to obtain information in a lawsuit from…

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Nebraska insurance firm files lawsuit against Lance Armstrong

Nebraska insurance company sues Lance Armstrong

The insurer has now sued the cyclist for collecting performance bonuses worth $3 million by cheating. Lance Armstrong isn’t finished seeing the backlash from the discovery that he cheated during his major cycling competitions – such as the Tour de France – as a Nebraska insurance company has now filed a lawsuit against him for wrongful collection of payments. The company alleges that he cheated in order to take in a $3 million performance bonus. This performance bonus was offered by the Nebraska insurance company when Armstrong’s team purchased a…

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Insurance news reveals insurer is demanding $11 million from Lance Armstrong

Lance Armstrong insurance news lawsuit

After having lost his Tour de France titles, the cyclist’s insurer is now demanding their money back. Though the loss of Lance Armstrong’s seven Tour de France titles when the International Cycling Union (UCI) took them away has been making sports headlines, the cyclist’s insurer is now making insurance news by demanding their money back. SCA Promotions had covered Armstrong’s performance bonuses following the fourth, fifth, and sixth wins. Now that those victories have been taken away, Jeffrey M. Tillotson, the lawyer for SCA Promotions, has stated that “We will…

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