TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

MJ ESTATE to LLOYD'S OF LONDON

This Is It. Now Pay Up!

8/17/2011 2:34 PM PDT BY TMZ STAFF

0817-michael-jackson-lloyds-EX

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, stat.

Lloyd's of London originally issued the policy to cover potential losses for MJ's 2009 "This Is It" concerts -- but earlier this year, the company asked an L.A. court to declare the policy null and void ... claiming MJ 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 MJ never intended to die, whether by homicide or not, so his death still qualifies as an accident.

But the estate isn't just settling for the original $17.5 million -- they also want punitive damages.  FYI, suing for punitive damages often scares the crap out of insurance companies.


1108_remembering_michael_jackson_footer

124 COMMENTS

No Avatar

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments
1.

TMZISAPIECEOFSHIT    

The man has been dead for two years and people including his lazy family are STILL holding their hands out for $$$. Jermaine, Latoya, Randy, Marlon, Jackie and Tito do like Janet and Michael did and...GET A JOB!

1129 days ago
2.

Leader of the ignorant masses    

So sick of reading about the MJ estate and money.

1129 days ago
3.

elle    

LLoyd's of London....how could you not know of MJ's medical problems and addictions.....did you have your heads buried in the sand....everyone else in the world knew.....Pay up for your stupidity!

1129 days ago
5.

spyke    

Greed. Greed. Greed, I hope this insurance company doesn't have to pay out one red cent. I usually hate insurance companies but this time I think they are in the right.

1129 days ago
6.

kar    

Will this ever end!!!!

1129 days ago
7.

AntiSocialForum.com    

"MJ never intended to die", it was just God's will.

1129 days ago
8.

FresnoBullpup    

Not sure what the law is now, but "homicide" used to be considered "accidental death" as far as life insurance was concerned.

1129 days ago
9.

SusanCoyote    

That freak's family doesn't deserve any money! All those lazy Jacksons need to get jobs.

1129 days ago
10.

nadia    

look at my username ... ^^^^ lol... that is MY ANSWER to all of this ..

the blind leading the blind smh ... put your thinking caps on people

1129 days ago
11.

Barb    

What a stupid argument. Who INTENDS to die unless you commit suicide? Accidents and homicide are two very different things. The matter needs to be settled in court before a payout can be made.

1129 days ago
12.

Trish    

Ummm why are you still talking about Michael Jackson?!!! And why do you insist on talking about his estate every other post? Trust me we do not care! Nobody is paying attention to this! Two years ago Harvey! Please use any Michael Jackson news space for something else. Anything else!

1129 days ago
13.

nadia    

this is fake .. its an illusion.. ladies and gents

1129 days ago
14.

HumanNature    

THE KING WAS MURDER BY CON "QUACK" THE MURDERER!!!!

TRIAL DATE: SEPTEMBER 8, 2011

1129 days ago
15.

NADIA    

MY ANSWER :THIS is FAKE ..hoax

1129 days ago
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

Around The Web