Michael Jackson Alleged Insurance Fraud

Here’s another Jackson opportunity for the lawyers to clean up. Lloyd’s of London is going to court to ask a judge to invalidate a huge insurance policy covering Michael Jackson’s “This Is It” tour. They contend that the pop star lied on his policy application.

The amount of the policy is $17.5 million insurance policy and was supposed to be paid out in the event the King of Pop’s comeback tour didn’t get off the ground.

The famous insurance company says that Jackson failed to disclose he was taking prescription drugs on his application, and stated he had not been under a doctor’s care for anything other than cosmetic procedures since 2005 (and why wouldn’t they believe that?).

Since Jackson died from an overdose of the powerful anesthetic Propofol while under the care of Dr. Conrad Murray, just days before the tour was supposed to start, Lloyd’s of London is claiming deception.

We’re sure there are times when the statements made on an insurance application are true, but the person does whatever it is later on. But they might be able to pinpoint when Jackson’s prescription drug abuse began through the testimony in Conrad Murray’s manslaughter trial, and who knows what other clauses they have in there that might spell “denied” for John Branca and John McClain, the co-executors of the Jackson Estate.

Lloyd’s of London has a litigation database online if you like to read that kind of stuff.

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Tags: lloyd, michael