Michael Jackson vs Insurance Company
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Disputes between insurance companies and concert promoters 'This Is It' Michael Jackson continues. This concert insurance company asked a judge to cancel the insurance policy of giving money amounting to $ 17.5 million to the promoter. Lloyds of London as an insurance company, refused to pay the insurance money to the promoter, AEG Live, because AEG Live was never told that Michael Jackson died from downing a dose of strong medicine.
Almost two years ago, Michael Jackson died in Los Angeles after a dress rehearsal for the 50 concerts to be held in the city of London. The authorities claimed that the King of Pop is dead due to excessive dose of anesthetic agent propofol and painkillers. Jacko's personal physician was scheduled to undergo probation for negligence giving excessive doses of propofol as a sleeping pill.
Because of AEG Live and Michael Jackson's family to hide this fact, the Lloyds of London considers these events to make money payer insurance policy declared null and void. Lloyds of London has been trying to resolve this by AEG Live outside the court, but it seems that the promoter did not come to terms with the insurance company.
Posted by Anggo82
on Wednesday, June 08, 2011. Filed under
Celebrities,
Entertainment
.
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Dealing with insurance companies can be tricky. In my opinion, although I'm not the biggest MJ fan, insurance it sself is a risk in order to avoid risk. Although the risk can be high for the client and the company, I believe once the money has changed hands than that is it. Right now I'm looking for a Life Insurance Quote for my wife and I. Both of us are healthy but we want to make sure we have security for our children. If nothing happens and we go into old age, than life insurance would have been a risk worth taking.