AEG’s Insurance on Jackson Fell Through | ThecounT.com

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    AEG’s Insurance on Jackson Fell Through

    by Monica on July 3, 2009
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    APTOPIX People Michael Jackson

    AEG took out a huge insurance policy in case Michael Jackson’s 50 London concerts but it fell through.

    AEG’s chief executive Randy Phillips said the $17.5 million insurance policy from Lloyd’s of London only covered a Michael Jackson overdose but didn’t cover a death from natural causes.

    Phillips said the policy would still fall short of the money spent on Jackson’s advance, producing the show, covering some of Michael’s debts and paying his staff and rent, which cost between $25 and $30 million.

    Source Via TMZ.com

    Reader Comments

    well aeg worked michael too hard. they don’t deserve anu money

    #1 
    Written By bonk on July 3rd, 2009 @ 7:11 pm

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