Lloyd's of London -- Overdose Clause?

MIchael JacksonA spokesperson for Lloyd's of London tells us she's never heard of a case where her company has insured someone for a drug overdose.

AEG, the company that was promoting Jackson's London concerts, claimed yesterday the policy it took out from Lloyd's did not cover death from natural causes but did cover overdoses.

Louise Shield -- the head of communications for Lloyd's of London -- tells us such a policy is "odd" and that she's never heard the company insuring for drug overdoses.

What's more -- Shield says the company typically requires a "medical assessment" .... a physical before the policy is written.

As we first reported, Jackson's body had dozens of injection sites in various places. So the question -- how could a policy be issued with clear evidence of a problem?

Shield would not comment on the policy, and found it strange AEG discussed it publicly. She's not saying if overdoses were covered or not.

Tags: AEG, insurance, Lloyds of London, LloydsOfLondon, Louis Shield, LouisShield, michael jackson, MichaelJackson, od, overdose

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16.
The insurance policy for AEG that covered the shows was written for $200 million by Lloyds of London - they're now paying off on it to AEG. AEG paid a huge up front premium -upwards of $50 million - due to the fact of Jacksons known health problems.
As a condition of the policy Jackson was required to have a live in doctor.

Remember the policy is to protect AEG and lost revenue in the event the shows didn't happen. It doesn't matter how he died, only the fact the the shows aren't going to happen and revenue is lost.

Posted at 2:03PM on Jul 3rd 2009 by lloyds insider

17. Debbie has the means and the desire to raise her kids in a good environment. Plus the law is on her side.

Michael's $$ estate may not be settled for many years to come - and there may not be much left after all is said and done.

It's the Jacksons who need money. They can't even make their housepayments.

Posted at 2:02PM on Jul 3rd 2009 by Dee

18. balls

Posted at 2:03PM on Jul 3rd 2009 by balls

19. why the hell would you insure for death due to OD but not due to death due to natural causes? for events like these, I would expect that anyone with a brain would have insured for death by any cause as well as any illness of the performer and even death or severe illness of immediate family member that could have precipitated cancellation.

Posted at 2:05PM on Jul 3rd 2009 by here we go again

20. Katherine is too old and may be too poor, and the rest of the Jacksons are too weird to take on kids they are not related to.

Bet there will not be much money to draw on for the family, at least not until the estate is settled, which could take 10-20 years.

Posted at 2:05PM on Jul 3rd 2009 by Ron

21. Sounds like insurance fraud. That's the mystery: How could he pass a physical with needle marks and drugs in his system. Did the doctor take blood tests (probably no!) When 100Mill and more is involved, people don't want the truth. The AEG company probably falsified stuff or got Michael to lie. Everybody had a hand in this profitable venture. Vultures. Including Michael who was desperate for money.

Posted at 2:25PM on Jul 3rd 2009 by Sallyinchicago

22. Only a selfish idiot like Mihael would try and stick an 80 year old woman with the kids his selfishness helped produce.
Let Debbie take care of her own kids, she seems like the sanest of the bunch.

Posted at 2:09PM on Jul 3rd 2009 by Mariessa

23. In memory of Warren Zevon. "Bring lawyers, guns, and money. The spit is gonna hit the fan." I put the word "spit" in. It rhymes with another word.

Posted at 2:12PM on Jul 3rd 2009 by Chuck D of Valpo

24. Mmmmmmm and the plot thickens...who is covering up for who here and why did AEG say they were covered

Posted at 2:12PM on Jul 3rd 2009 by MJ250609

25. Someone needs to do something before AEG sells the video of the rehersals as this video should be Michael Jacksons Property and any money made from it should go to the Kids and NOT AEG.. If he died it's their loss.. It would be taking money from his children but it seems to be the way Big Business does things in LA.

Posted at 2:24PM on Jul 3rd 2009 by STOP THE MONEY $$$

26. And it all starts to make sense! It's what I've been saying all along. The way the Jackson family, their lawyers , Michael's promoters , their lawyers and a huge media barrage from the the PR agents that represent them, want us to believe. "Michael was in good health". "Michael's doctors were at fault". blah blah blah.... It's all BS! Michael Jackson had a preexisting health problem. Go to www.wallycrawler.blogspot.com to see the real truth. Follow the links. If you wanna know? The truth is out there?!

Posted at 2:12PM on Jul 3rd 2009 by Wallycrawler

27. The MD's are not responsible for Michael's death... it is all those who caused him the unbearable pain leading to his drug addiction. Yes... you who has condemned him... you who has accused him of the unthinkable... YOU killed Michael.

Posted at 2:14PM on Jul 3rd 2009 by slpmd

28. So that means MJ was a sickly person hence he would of had a traveling "cardiologist" the truth is going to come out, I still go back to what Liza Minnelli said when she heard he had done, her final words to her statement was "glad he is not around cause all hell is going to break loose" I still wonder whar she meant by that why would AEG insure for OD but not for natural causes did they know he was a sickly man

Posted at 4:28PM on Jul 3rd 2009 by Perfume RIP MJ

29. Well, that certainly cleared everything up. NOT!

Posted at 2:22PM on Jul 3rd 2009 by Tyrone Jefferson

30. would doctor prescribed would be an administered overdose and thus hang on the doctors shoulders. Michael should be covered no?

Posted at 2:24PM on Jul 3rd 2009 by richard

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