Lloyd’s of London fights $17.5 million insurance payout for Michael Jackson
Insurance giant Lloyd’s of London is telling the estate of Michael Jackson to beat it.
In court documents filed in Los Angeles, Lloyd’s of London says it doesn’t owe the Michael Jackson estate a $17.5 million payout from an insurance policy that was purchased to cover the ill-fated “This Is It” comeback tour. Why? Lloyd’s claims Jackson committed fraud.
As TMZ.com reported, Lloyd’s says Jackson and concert promoter AEG Live lied about Jackson’s medical history — specifically, that the King of Pop hadn’t seen a physician other than a cosmetic doctor since June 2005. Furthermore, Jackson allegedly failed to disclose he was taking prescription drugs (including the powerful anesthetic Propofol) before he died in June 2009.
Lloyd’s is asking the court to void the policy as a result of the alleged fraud. Lloyd’s made the claims in a lawsuit filed against the Jackson estate and AEG Live.
Howard Weitzman, an attorney for the Jackson estate, told TMZ: “This legal action is nothing more than an insurance company trying to avoid paying a legitimate claim by the insured.”