Michael Jackson

dacouch

Lloyd's had a lucky escape

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/insurance/4987156/Michael-Jackson-promoters-struggle-to-insure-London-concerts.html

geri1965_2

Saddo that I am, I was thinking about this on the way to work and wondering who will be the biggest losers from this. That article is from March, so I wonder if they found anyone to insure the extra dates?

Even the losses on the first 10 dates are going to be huge.

BTW, I especially liked this bit from the article:

The insurance brokers sent doctors and they spend five hours with him, taking blood tests. He's a vegetarian, he's in great shape

mattymoo

"Claims for cancelled UK Michael Jackson concerts could cost industry up to £300million

Sources tell Reinsurance that Talbot, Brit and Robertson Taylor have exposure to cancelled Michael Jackson concerts"

Post Magazine newsletter today.

Phew - syndicate I work for had no exposure.

dacouch

Judging by the news reports that ticket holders can get a full refund, it sounds like there is Insurance in place now. I pity the underwriter / s who took this on

jonesMUFCforever

Looking at this from another side - I reckon now that he is dead he will sell enough records to pay back all of his own debts!

Quote

15 of the top thirty albums on iTunes are by Michael Jackson.