Jackson Estate Suing Insurer of "This Is It" Tour
Posted on Fri Aug 19, 2011 03:29 PM PDT

bigthumb.MJacksonArchivX17_008_X17200.jpgLOS ANGELES, California (X17online) - The Michael Jackson estate is taking legal action against Lloyd's of London, the insurers of the late singer’s “This Is It” tour.

Lloyd’s issued a $17.5 million policy in 2009 to cover potential losses for Jackson’s tour. Following Jackson’s death, however, the insurance group asked a Los Angeles Court to declare the policy null and void, alleging that the singer lied about his drug addiction and medical history.

Lloyd’s of London also claims that the policy was “restricted to losses resulting from accident only,” calling attention to Jackson’s official cause of death being “homicide.”

Jackson’s estate is now filing a counter-claim, insisting that Jackson did not intend to die, therefore rendering his death accidental.

The Michael Jackson estate is also seeking punitive damages in addition to the original $17.5 million.