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AEG Drops Insurance Claim

AEG, the concert promoter behind Michael’s ‘This Is It’ tour, has dropped its claim to collect on a $17.5 million insurance policy on Michael after the insurance company claimed AEG hid the extent of Michael’s health problems.

AEG also states that they had been considering this decision for months.

A representative for Lloyds told CNN; “In exchange for AEG withdrawing its insurance claim, underwriters agreed to dismiss AEG from the case and to waive any costs recoverable from AEG.”

To read the full report, please click here.

Source: TMZ & MJWN

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