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AEG, owners of the O2 Arena where Jackson’s 50-date This Is It concert series was to take place, stipulates that a payout would only occur if the singer failed to perform due to an accidental death.In the event of Dr Conrad Murray being convicted, the syndicate of Lloyd’s insurers behind the policy will not have to pay a penny, sources say.
QuoteAEG, owners of the O2 Arena where Jackson’s 50-date This Is It concert series was to take place, stipulates that a payout would only occur if the singer failed to perform due to an accidental death.In the event of Dr Conrad Murray being convicted, the syndicate of Lloyd’s insurers behind the policy will not have to pay a penny, sources say.So does this mean AEG will not be re-imbursed for all the expenses incurred in preparing TII ? But didn't they profit from the This is it movie profits ??
wonder if in a large payoff situation, espcially under these kinds of circumstances if insurance companies do some investigating of their own?
Quote from: "suspicious mind"wonder if in a large payoff situation, espcially under these kinds of circumstances if insurance companies do some investigating of their own?Oh, you BETCHA they do!!!