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Lloyd's of London: MJ Lied, So We Won't Pay

6/6/2011 3:19 PM PDT BY TMZ STAFF

Lloyd's of London has gone to court ... asking a judge to let the company off the financial hook, claiming it doesn't owe the Michael Jackson Estate $17.5 million on grounds MJ was a fraud.

1102_michael_jaCKSON_GETTY_EX

The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses. 

But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:

1.   Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ said he had not seen a doctor other than a cosmetic MD since June, 2005.

2.  Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.

Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.

Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing more than an insurance company trying to avoid paying a legitimate claim by the insured."



222 COMMENTS

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61.

HumanNature    

Scott 11 minutes ago

So lets see the drugs found in Mj's system were given to him by who? Oh yeah a licensed physcian.......! It's all he said she said in regards to his drug use except for the admitted "fact" that Murray gave him the drugs that killed him. Had Lloyds been smart enough to obtain a blood sample or two prior to his death it "may" be a different matter.

Might I suggest you go after Dr. Death Lloyds? Oh wait he don't have no money dats why you are taking this route. Hit em with a libel suit Branca!!!!!

Peace.

SCOTT YOU MIGHT BE ON TO SOMETHING HERE!!!!

IT'S ABOUT TIME BRANCA GO AFTER AEG!!!!

1234 days ago
62.

Holly    

Guilty! Insurance fraud!

1234 days ago
63.

asaviour    

This is really my last comment. Why when the world needs a distraction they will find a way to bring up MJ and some story about his family life, medical issues, children and money ? Why don't we look at the charities he worked with and the lives he affected and concentrate on the good. The examples of his deeds was one of the inspirations of the Millions More Movement Disaster Management Training Program which by the way was not funded by him or any other agency, just the "Good Samaritan". Go look at the website yourself www.mmmdisastermanagement.com

1234 days ago
64.

kim    

CORRECTION

TMZ

YOU CAN AT LEAST FIND OUT WHO IS FUNDING CON "QUACK" THE MURDERER LEGAL DEFENSE!!!

GOT TO BE A PAPER TRAIL OUT THERE!!!!
__________________________________________________-

HN,
will give you 3 guesses and first 2 don't count and a clue - the name is 3 letters.

1234 days ago
65.

sarah smile    

let's SEE the docs, TMZ...liars! didn't you post this little tid bit a while back.

Initial reports indicated Jackson’s policy was worth up to US$20 million, but according to TMZ, his executors were in a rush to finalise the deal, so they settled for only US$3 million.

1234 days ago
66.

maria    

A brand new story about Michel Jackson... how...morrons found out...so exciting for all loosers, molesters, averages freaks.

Go.. go.. eat him... kill him again and again... never enough...It's a big surprise how he survived till 50.

So the best ever entertainer with best ever haters... unbelieveble. Ugly people.

NOTA BENE: TMZ would you be so kind to put another photo of Michael to your site. There are still nice people in this world.

1234 days ago
67.

Rastus    

MJ signed all his do***ents in little boy urine. This way it was hard to prove anything he agreed upon.

1234 days ago
68.

sarah smile    

such BS...TMZ...get YOUR story correct. NO ONE believe anything you nutballs write on this site anymore! Accordingly, MJ passed a physical. 90% of the population take medications, MJ wasn't taking illegal drugs, he hired a physician to monitor him. DUH! FAIL, TMZ...you FAIL...get your facts straight or STFU!

Initial reports indicated Jackson's policy was worth up to $20 million, but according to TMZ, Branca and McClain were in a rush to finalize the deal, so they settled for just $3 million.

1234 days ago
69.

Janar    

Barb.A. about an hour ago

Didn't MJ have a physical examination and it was stated that he was healthy & passed it, but was required to have one more before the tour began? And wasn't it Murry who talked to the Ins.Co. & said that MJ was in excellent health & had no drug habits? remember that's who Murry was talking to the morning that MJ died.


This is what I remember also.

1234 days ago
70.

Barb.A.    

MiMi about an hour ago
....

I thought that's what happened. Hasn't the part of health care kicked in where it states that no one can be turned down for preexisting medical conditions
=========================

Roast_Beef about an hour ago
....

L & L is not owed any money to get back. They are asking the judge to find in their favor to not have to pay any money out to AEG
=========================

Rogue Warrior about an hour ago
....

You are ignorant, MJ was never charge with rape.

1234 days ago
71.

sarah smile    

remember this story, TMZ...such BS and lies and bogus yellow journalism at it's finest. TMZ...you just throw anything out there and hope 'somethin' sticks'..not to mention your early reporting stating MJ had dozens of injection sites all over his body. what a bunch of BS. give it up, TMZ...you're a loser LIARS! He had a physical and TMZ you already reported they only paid out $3 Million! LIARS!

RIP, Michael Jackson!

"TMZ: A 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."

1234 days ago
72.

Janar    

SCOTT YOU MIGHT BE ON TO SOMETHING HERE!!!!

IT'S ABOUT TIME BRANCA GO AFTER AEG!!!!

_____________________________________________________

Sounds like a good move to me! Hip Hop Hurray! Ho!

1234 days ago
73.

SallyChi    

Lloyd's is right and the estate is going to have a helluva fight.

1234 days ago
74.

HumanNature    

kim

ROTFLMAO

1234 days ago
75.

Rogue Warrior    

He needs to be tried for all the child molestation allegations and for his street walker level drug abuse. HE is responsible for his death, not his Doctors, parents, boyfriend, etc.........

1234 days ago
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