Search Results for: blog lloyds of london not paying for this is it tour

Insurer Lloyd’s of London Sues Saudi Arabia

The insurer Lloyd’s of London is suing Saudi Arabia for $215 million over payouts that were made due to claims regarding September 11th . The insurer says that the defendants “knowingly” provided materials and resources to al Qaida in the years before September 11, 2001. Lloyd’s of London is known for providing insurance for some unusual circumstances and situations. In other words, they are the most famous company that provides unique speciality insurance. Last year, they insured Santa Claus, with a policy that lasted until the end of December 25, 2010. They were in the news recently in regards to … Continue reading →

Michael Jackson’s Estate Sues Lloyd’s of London

The estate of Michael Jackson is suing Lloyd’s of London because the insurer did not pay out on the $17.5 million “This Is It” insurance policy at the time of the singer’s death. Lloyd’s of London is standing by its original decision. This story gets more complex as time goes by. In 2009, Michael Jackson was scheduled to preform in a series of concerts that would take place at the O2 Arena in London, England. There were 50 concerts scheduled in all, and the whole thing was called the “This is It” Tour. The purpose of the tour was so … Continue reading →

An Update on the Michael Jackson’s Insurance Lawsuit

AEG Live, the company that took out a multimillion dollar insurance policy with Lloyd’s of London on the “This Is It” concerts has decided to drop its claim. Supposedly, this doesn’t have anything to do with leaked email that revealed that the concert promoter had doubts about Michael Jackson’s health. Let me start with a little background information. In 2009, Michael Jackson was scheduled to preform a series of concerts at the O2 Arena in London, England. There were going to be a total of 50 concerts. This was the “This Is It” tour. The purpose was to raise enough … Continue reading →

Michael Jackson’s Legacy

Poor Farrah Fawcett. She was certainly a star, but her death was somewhat overshadowed by the same-day passing of a megastar – Michael Jackson. Three years later, many are remembering Jackson and wondering about his legacy. It’s sad that Jackson passed away just as he seemed on the verge of a big comeback. His career was waning, although some would kill for such “waning” success. He wasn’t a hit machine like he had been in the ‘80s and scandals had tarnished the once glowing crown of the self-proclaimed “King of Pop.” But, he was preparing hard for his best yet … Continue reading →

Bands Might Need Public Liability Insurance

What happens if your band plays a show, and someone in the audience gets hurt? In some instances, it could mean that the injured person decides to sue the band. There are some types of insurance that could help protect bands that gig. Unfortunately, I don’t think that most independent bands will be able to afford all the insurance polices that could help them. A punk band named Pour Habit played a show in a bar in San Luis Obispo, California. It took place at a bar that was called Downtown Brewing Co. at the time. The bar has since … Continue reading →