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
76.

Becca    

Michael Jackson's FAMILY and FRIENDS are the
ones telling the world he was a drug addict and
that they tried to stage INTERVENTIONS...
obviously, someone lied somewhere....

1129 days ago
78.

Cherwood    

Enemy of the Estate.....
Here's what: These Tribute IDIOTS have awakened a SLEEPING GIANT!! Now that the Estate has finally had it with their CRAP, they're moving onto anyone else who gets in the way of building Michael's legacy--GO WEITZMAN!!
As for Lloyd's, they're going to wish they had just gone ahead and paid out the original premium. Now the Weitzman and Co. are taking the gloves off and asking for PUNITIVE DAMAGES??
Let the Stockholders say: UH-OH......
-Elle, Lloyd's didn't know because there was nothing TO know CURRENTLY! There is NO PROOF that Michael was abusing drugs, and the only drugs found in his system were the Propofol and Benzos that MURRAY gave him....
If you did your RESEARCH you would know 3 things:
-Most drugs take at least THREE DAYS to clear your system, ergo, there were NO OTHER DRUGS he could've been using at the time of his death which is what Lloyd's is trying to insinuate
-The only PROOF that Michael used drugs was in '93 when he admitted to a dependency on Pain Meds
-The Media has ALWAYS made INSANE exaggerations about anything regarding Michael. They and his enemies are the ones who HOODWINKED and BAMBOOZLED most of the country into thinking he was Public Enemy No. 1, and even trumped up charges on him in L.A. while the REAL perpetrators like Garrido and Santa Barbara Priests went scott free
Bottom line, there is NO EXCUSE for statements like yours in an INTERNET-BASED world where information is literally at your fingertips....C'mon now!!
-Fresno Bullpup, you're so right. All of a sudden Lloyd's wants to act all brand new when it comes to this case. Maybe it's the MILLIONS they'll have to pay out. Last I checked, Homicide IS an accident to the person it happens to or else it would be a suicide. Lloyd's has no right to reneg on Michael's policy. And what are their arguments based on anyway, HEARSAY? Are they going to go to court and tell the judge what they HEARD people say about Michael, or dredge up some previous doctors like Murrays people are trying to do? Guess what? None of that matters unless it's relevant to what happened on June 25, 2009.....
And now I read that Murray's team is bringing in the Casey Anthony Lawyers--not sure how true that is but if so, I say BRING IT ON!! The fact they're doing that is just further confirmation that they HAVE NO CASE!!
You know that country song called "Gone"? I think they have a new verse they can add:
"Gone, like Murray's freedom, GONE, GONE AWAY!!"
-Jack, the point is, he WAS able to get Insurance so now that someone killed him, theyhave to pay up, period.
I refuse to believe that Lloyd's, the best known Insurance company in the world that typically covers Mega-stars and the most lucrative businesses wouldn't have checked into Michael's physical condition--especially since the Media has painted him as the Poster child for drug abuse practically....
I find it totally MIND-BOGGLING that most of the very same people who post IDIOTIC comments about his ALLEGED drug usage, would actually BELIEVE that a company like Lloyd's wouldn't have heard the same CRAP about his Medical condition that the rest of us have heard....Oye.
Bottom line, even if the Coroner HAD come up with a legit medical condition that they could use to support their LAME case, it would be too little too late now. They should've thought about all of that when they gave him a Policy......
BTW: The Estate is NOT being greedy by asking for money that BELONGS to Michael's Children. That's what an Insurance Policy is for. It's sort of like gambling: Lloyd's took Michael's bet--and MONEY, but now they don't want to pay up....TOO BAD!!
.....................SIMMERING......................

1129 days ago
80.

mymjj5    

moni!
hope you're okay out there.

1129 days ago
81.

mymjj5    

@bossmj!

loved your post! fantastic!

1129 days ago
82.

HumanNature    

Pegasus: 3 hours ago

********NEWS FLASH********

It was just announced on HLN news - that the lawyers for Casey Anthony are heading to California to represent Dr. Conrad Murray on his upcoming Manslaughter trial of Michael Joesph Jackson.


NEITHER CHENEY MASON AND JOSE BAEZ HAVE LICENSE TO PRACTICE IN THE STATE OF CALIFORNIA!!!!


AT THIS MOMENT, BOZO IS UNDER INVESTIGATION BY THE FLORIDA BAR FOR VIOLATION OF ATTORNEY'S DUTY OF CANDOR.....WITHHOLDING INFORMATION WHETHER IT IS FALSE OR INACCURATE!!!!


CON "QUACK" THE MURDERER TRIAL WILL START ON SEPTEMBER 8, 2011


OPENING STATEMENTS IS SET FOR SEPTEMBER 26, 2011

1129 days ago
83.

HumanNature    

duilama: 13 minutes ago

Where are all the crazy fans? Why do they stop commenting on MJ news??? Because, they finally wake up and see that MJ was the king of all pedos????!!!

Thank you God!!!


YOU SOUND JUST LIKE THAT DUMB B*TCH, MICHELE BACHMANN!!!


WHEN SHE CELEBRATED ELVIS PRESLEY'S BIRTHDAY ON THE DAY HE DIED!!!


IT'S WOKE NOT WAKE!!!

DUMB! DUMB! AND DUMB!

1129 days ago
84.

HumanNature    

KING OF PEDOPHILE AND PERVERT IS ELVIS PRESLEY!!!!

ASK PRISCILLA PRESLEY!!!!

1129 days ago
86.

HumanNature    

AWESOME!!!!


THAT OhWell CLONE MY CON "QUACK" THE MURDERER AVATAR!!!!


EVEN A "JACKASS" KNOWS HE'S HEADING STRAIGHT TO JAIL!!!!


TRIAL DATE: SEPTEMBER 8, 2011


OPENING STATEMENTS: SEPTEMBER 26, 2011

1129 days ago
87.

HumanNature    

LOOK!!!!!


CON "QUACK" THE MURDERER IS IN JAIL WHERE HE BELONGS!!!!


JUSTICE 4 MJ

1129 days ago
88.

gayforliztaylor    

I feel sorry for the MJ fans who bought his angel act completely. I admit I bought some of it but there are fans who believe it completely. I heard something during the Virgin Megastore signing that I convinced myself was my imagination. A woman was showing an article of clothing covered with pictures of Michael through the years and it sounded like he said look at all the characters I created. I was shocked. I'm still hoping I was wrong. But recently I saw a blurb about Katherine Hepburn where she said she created characters over the years to protect her private self from the public. Michael and Katherine were friends for years. Did anyone else hear it during the signing? If it's true, what private self was Michael hiding? And did anyone meet the real Michael or did they just meet various characters? http://webcache.googleusercontent.com/search?q=cache:0sdSQp1oPwkJ:desireespeakssolisten.blogspot.com/2011/05/michael-jacksons-most-special-special.html

1129 days ago
89.

gayforliztaylor    

What would have been like for MJ in prison if he was found guilty of the charges in 2005? I can only imagine that he probably would've wished that he was sentenced to death rather than have to spend his life behind bars. The living Hell that would be...I don't think that he would've survived a day in there to be honest. Even his own brother Jermaine said that Michael wouldn't have survived a single day...He'd probably would've committed suicide immediately. Being in prison wouldn't allow him to 'survive' like he was able to on the outside. Can you imagine where that would leave him with all of his 'fake imagery' that he was so desperately dependent on?...the makeup...the skin bleaching...the wigs...the clothes....NO CHILDREN, only grown men...no Peter Pan fantasy...and maybe not even his soft sounding kid voice. Not having children around would be something that he would hav to come to grips with real quick...Someone in there would make MJ their "B i t ch", unfortunately. The US prison system is horrible ...I'd rather be dead than have to live out the remaining years of my life in one. MJ probably wouldn't be the only one dead; his mother would probably die shortly thereafter and the fans would start committing suicide, sadly enough. If MJ was sent to prison, I wouldn't put it past the fans for them to devise a plan to break MJ out of there...they're that obsessed with the man..very sad.

I think it was in Maureen Orth's Vanity Fair article, CSI Neverland, that MJ was talking to Gordon Novel about making the 2005 trial go away and how the whole trial was nothing more than a 'conspiracy fiasco', and he kept asking Novel about what prison was like and if he would be able to watch television and movies there?? Okay! This coming from Michael I can understand; the 'man-child' facade is coming out like always, however; television/movies in prison would be the very least of my worries if going to prison was a possible chance for me.

1129 days ago
90.

LadyD    

Thanks You, Phantom. I do appreciate your research and postings. I enjoy the rare videos, songs, and really rare speeches. YOU give us the opportunity to view the many talents o*****ifted humanitarian. I'd never heard "The Way You Love Me". this is a nice song. Thanks. Prayers for the Jackson family.

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

Around The Web