The Michael Jackson estate is tired of waiting for Lloyd's of London to pay out on the $17.5 million "This Is it" insurance policy - so they're going after Lloyd's in court, demanding they pay up.
Lloyd's of London originally issued the policy to cover potential losses for Michael Jackson's 2009 "This Is It" concerts but earlier this year, the company asked a Los Angeles court to declare the policy null and void claiming the superstar singer lied about his medical history and drug addiction.
Lloyd's insists the policy "was restricted to losses resulting from accident only" pointing out Michael's official cause of death was "homicide."
But the estate is now on the offensive, filing a cross-complaint, claiming Michael Jackson never intended to die, whether by homicide or not, so his death still qualifies as an accident.
The estate isn't just settling for the original $17.5 million - they also want punitive damages.
Thomas L. Blair is a sociologist and political blogger on the Chronicleworld 'for creative renewal in Black Britain and Afro-Europe'. His work is honoured in the British Library's archive of "social, historic and culturally significant web-based material from the UK domain". He won top prize in the blogging competition on The-Latest.
Sumantra Maitra is a freelance journalist from Mumbai, India. He is a correspondent for All Sports magazine, and a foreign affairs blogger for the Washington Examiner. He has written articles for news website Merinews.com and other regional publications. Sumantra runs a blog at DailyWorldWatch.wordpress.com. He provided exclusive eyewitness reports for The-Latest on the Mumbai bombings of 2008.
Brian Usher is photography consultant for The-Latest.Com. He is a highly experienced editorial and commercial photographer whose work has been published throughout the world, appearing in many well known magazines and newspapers. Brian has featured in several books and has been a writer for the Royal Photographic Society magazine.
Heidi Kingstone has spent time in Afghanistan reporting for a number of publications. Her work has appeared in the Financial Times, The Spectator, The Sunday Times and other international journals. She has also reported from places like Iraq, Rwanda, Lebanon, Sudan, Democratic Republic of Congo, and Kenya. Heidi is The-Latest's Editor at large.
latest comments