Lloyds Of London claims policy should be nullified
The insurance company charged with the payout over Michael Jackson‘s doomed comeback gigs has asked a judge in Los Angeles to nullify the policy.
Jackson had been due to perform a series of shows at London‘s O2 Arena. Now insurer Lloyd Of London faces a payout of up to $17.5 million (£10.7 million) to cover a cancellation and non-appearance policy taken out by promoter AEG Live.
Lloyds is claiming that AEG failed to supply details including apparent “prescription drug use and/or addiction,” according to BBC News
AEG Live have yet to respond to the suit.
Lloyds are claiming that a lawyer for the promoter submitted a claim, along with Jackson’s death certificate, within days of the singer’s passing. They say that when the policy was taken out, a required medical examination was never carried out. Additionally they claim when they since sought information about Jackson‘s doctor, Conrad Murray, AEG failed to provide it.
The insurer claims that for all of these reasons, they are not obliged to pay for the cost of cancelling the shows, one of the biggest costs faced by the Jackson estate following his death.