Tag: michael jackson insurance

Insurance battle involving Michael Jackson’s family has finally settled

Julie Campbell
Michael Jackson insurance news

The long running claim has now reached a settlement with Lloyds of London. Michael Jackson’s family has been wrapped up in an insurance battle since 2011, and has now reportedly come to a settlement with Lloyds of London for a figure that was lower than the $17.5 million that was expected from the estate of the King of Pop. Reports of this recent news have started coming in to suggest that the battle has finally come to a close. The insurance case started when Lloyds of London attempted to nullify…

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Insurance news from Michael Jackson case could change industry

Julie Campbell
Michael Jackson insurance news

Many feel that this case could alter the way that artists and concerts obtain their coverage. Though not seen as a part of the actual performance, coverage plays an enormous and vital role in making certain that a star will be able to be on stage, and the latest insurance news from Michael Jackson could play a sizeable role in the way that this process occurs from now on. These insurers are responsible for paying for times when the star can’t perform and when concerts are canceled. A jury in…

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Life insurance had been sought by AEG to cover Michael Jackson

Julie Campbell
Michael Jackson insurance news

Executives from the company had been attempting to purchase a policy only days before the singer died. Testimony and emails that were presented in court, this week, revealed that within a span of only days before the death of Michael Jackson, executives from AEG had still been working to try to obtain a life insurance policy to cover the celebrity who seemed increasingly erratic at his comeback tour rehearsals. The company became concerned that Jackson’s behaviors could cause him to get hurt. One of the emails shown to the court…

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Business insurance claim regarding Michael Jackson’s cancelled concerts dropped

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…

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