Jackson Estate Bosses File Against Insurance Company

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August 17, 2011 | 9:20pm EST

The executors of Michael Jackson’s estate are getting tough with bosses at top insurance company Lloyds of London over their reluctance to pay out on the tragic King of Pop’s policy.
Jackson died in June, 2009, and the estate bosses are still waiting for Lloyds to pay out on the $17.5 million insurance policy taken out on the pop superstar’s ill-fated This Is It concerts, which were scrapped following his passing.

The executors are now taking the insurers to court in a bid to end the stand-off, according to TMZ.com.

Lloyd’s of London originally issued the policy to cover potential losses for the This Is It London concerts, but the company bosses asked a judge in Los Angeles to declare the policy null and void, claiming Jackson lied about his medical history and drug addiction.

They insist the policy was restricted to “losses resulting from accident only”, stating the pop star’s official cause of death was homicide.

But now the estate executors have filed a cross-complaint, claiming the late star never intended to die, whether by homicide or not, so his death still qualifies as an accident.

They are now calling for the $17.5 million and punitive damages.