Tag Archives: Lloyd’s of London

Michael Jackson Estate Faces $17.5 Million Insurance Fight

Legal controversy has surrounded the Michael Jackson Estate ever since he died almost two years ago. Trial & Heirs did a year in review article last year; it’s almost time for year two. You can now add a new lawsuit — over $17.5 million worth of insurance — to the list. Michael Jackson Estate

Concert promoter AEG Live took out the large insurance policy over Michael Jackson in case he died and was unable to perform the “This Is It” concert tour. Of course, that’s exactly what happened, showing that AEG was smart to take that precaution. Reportedly, AEG spent some $20 to $25 million on the tour before the King of Pop’s death, and this insurance was supposed to protect that investment. Both AEG and a Michael Jackson limited liability company that is controlled by the Estate were named as beneficiaries eligible to collect that money under the policy.

Michael Jackson Estate Insurance Claim Update

But, AEG and the Estate haven’t collected this money yet … and both are now embroiled in Read more...

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