Live Insurance News

What Sort of Insurance Do Athletes and Sports Teams Need?

June 5, 2020 Guest Author

As we all know, if you’re prepared to pay enough, you can insure just about anything. For example, actors regularly insure parts (or all) of their bodies for eye-watering sums. Some of the most famous examples of this include Heidi Klum, who insured her legs for $2 million each, Julia Roberts insured her teeth for $30 million, and Daniel Craig who insured his entire body for $9.5 million. While this may seem a little vein, it actually makes good business sense. Actors use their bodies to make big money, so…

Usher’s insurance company does not intend to defend the performer in herpes lawsuits

August 10, 2017August 9, 2017 Logan B.

lawsuit Usher’s insurance broker company

The entertainer’s insurer does not feel obligated to pay his claims as he allegedly hid his condition from them. Usher’s insurance company alleges the singer failed to inform them that he had received a herpes diagnosis before he obtained coverage. As a result, the insurer states that should not have to pay his claims for the lawsuits filed against him from sexual partners to whom he did not disclose his condition. Documents filed in a Los Angeles Superior Court state that the insurers feel they are not obligated to provide…

Kanye West insurance lawsuit worth $10 million following tour cancellation

August 4, 2017August 2, 2017 Julie Campbell

The performer filed the suit against a number of Lloyd’s of London syndicates, alleging lack of payment. The Kanye West insurance lawsuit has hit the news headlines as the celebrity claims his insurers aren’t paying his due amount following the cancellation of his performance tour. The entertainer suddenly halted a number of performance dates on his Saint Pablo Tour. Officially, the Kanye West insurance claims were filed through the performer’s Very Good Touring, Inc. company. He now alleges that the insurance companies have failed to pay out on the claims…

Tracy Morgan insurance dispute with Walmart won’t see him deposed

June 7, 2017June 5, 2017 Julie Campbell

tracy morgan, tracy morgan accident, walmart insurance, Ohio Casualty, walmart insurance company, insurance lawsuit

The celebrity of Saturday Night Live and 30 Rock fame refused to testify under oath in this case. The current Tracy Morgan insurance case against Walmart has changed its tone as the celebrity refused to testify in a deposition. Walmart’s insurance company, Ohio Casualty, demanded that Morgan participate in a 7-hour deposition. The purpose of the deposition, said the insurance company, is to show that Morgan has exaggerated his injuries in order to obtain the claimed payout. The payout is reported to be around $90 million. That said, Benedict Morelli,…

Event insurance policy for Lady Gaga’s Super Bowl gig may cost over $100k

January 30, 2017January 27, 2017 Julie Campbell

Lady Gaga event insurance policy super bowl halftime show

Her rooftop stunt may be flashy and exciting but it can also bring massive profits to insurers. On February 5, Lady Gaga will headline the Super Bowl halftime show and will require a substantial event insurance policy for the performance. She intends to perform on top of the NRG Stadium cover dome in Houston. Organizers are scrambling to assemble plans to safely put her on the dome in the first place. While it’s clear that every measure will be taken to ensure Lady Gaga will be safe the entire time,…

Insurance benefits are drawing actors back to the industry

January 16, 2017January 19, 2017 Julie Campbell

Mayim Bialik YouTube actor insurance benefits

Mayim Bialik, Ian Ziering and other celebrities are returning to acting for the coverage it provides. Over the last few years, actors that had been out of the spotlight for some time have been returning with insurance benefits as their motivator. Stars that had made big names for themselves but that had moved on to other things are stepping back on set to cover their families. The Big Bang Theory actress, Mayim Bialik recently made a YouTube video in which she discussed her return. Bialik had been a child star…

Movie insurance policy could pay Disney $50 million for Carrie Fisher’s death

January 5, 2017January 4, 2017 Julie Campbell

disney movie insurance for star wars carrie fisher

The late actress was going to reprise her role as Princess Leia in more Star Wars movies. Disney may be able to use its movie insurance to receive financial confirmation for Carrie Fisher’s untimely death. The celebrity was on contract with the company to complete three movies in the Star Wars franchise but had completed only two of those films Reports have suggested that the insurance payout for this tragedy could be as much as $50 million. Disney owns the Star Wars franchise and had already filmed two of the…