Lloyds of London - Medical exam NEVER DONE

135

Comments

  • hesouttamylifehesouttamylife Posts: 5,393
    Thank you ForstAMoon.
  • hesouttamylifehesouttamylife Posts: 5,393
    But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:

    1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ said he had not seen a doctor other than a cosmetic MD since June, 2005.

    2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.

    Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.

    This is about the TII concert insurance policy....not life insurance.

    That is, if the concert doesn't go ahead, Lloyds insurance will pay for loss of damages...refunds of tickets etc.
    There was a doctor that did the 4hr medical on MJ, but that report is MISSING.!! AEG promised the insurers, that a new medical exam would be done as the concerts in London started. But that never happened, did it.

    So Michael told Lloyds that he hadn't seen a dr for 4yrs, other than a cosmetic surgeon...well well well...the truth comes to light......Dr Klein was the last dr to see michael then, not Murray ??

    The argument is that MJ lied about his propofol addiction as well.....
    So why did Lloyds go ahead if they didnt have a medical report ????????????? This is the article:
    Michael Jackson's medical examination showed he had the ''body of an astronaut'', claim insurers Robertson Taylor, who were insisting on carrying out their own tests before agreeing to cover the singer's 50-date 'This Is It' residency at London's O2 arena.

    Michael Jackson's medical examination record has gone missing.

    Insurers for the late pop icon's 'This Is It' 50-date London residency were astounded when the report they received from Dr. David Slavit declared the singer to be in perfect health, joking it appeared to have been "based on the body of an astronaut".

    Officials at insurers Robertson Taylor were puzzled as to why the ear, nose and throat specialist's report made no mention of the 'Thriller' star's well-publicised health difficulties - including a severely burnt scalp, broken leg and extensive cosmetic surgery - and demanded their own tests be carried out before agreeing to insure his shows for promoters AEG Live.

    An AEG spokesperson said: "AEG did not hire a doctor at any time in connection with securing insurance. Dr. David Slavit performed the medical exam which was submitted to the insurers as part of their underwriting.

    "AEG has never received a copy of Dr. Slavit's medical exam. A second medical examination was scheduled in the UK when the tour arrived. The policy was issued in a fictitious name."

    No-one has actually seen Dr. Slavit's original records of the medical and Robertson Jackson had wanted to do a full examination on July 11, the day after seeing the 'Bad' hitmaker perform a planned full rehearsal at London's O2 arena, where the shows were scheduled to take place.However, because the star died of a suspected cardiac arrest on June 25 - after the insurance deal had been agreed but before "subject to" details had been verified - the promoters are now in dispute with the insurers over the validity of their agreement. The singer's medical certificate had been issued in the name M. Jones but this is said to be standard practice for celebrities to prevent any embarrassing personal health details leaking out.

    <!-- m -->http://www.list.co.uk/article/19461-mic ... t-missing/<!-- m -->

    This is what stands out for me in all of this. They got suspicious and actually came to watch and didn't like what they were seeing. AEG stands to risk everything they have invested, including the money they paid to the insurance examiner to perpetrate the fraud. How convenient that soon after MICHAEL IS DEAD <!-- s:?: -->:?:<!-- s:?: --> at first by heart attack (that would have been just perfect. Natural causes. However that one wouldn't fly) Second - by accidental overdose of propofol (not an illegal narcotic) that clears the "drug addiction clause". Whew, almost scotch free . But what, NOW the insurance company is asking questions says Dr. Murray <!-- safraid/ -->afraid/<!-- safraid/ --> Well HELL NO, I'm not taking the fall for this. Third, he committed suicide. Now no one gets paid. Murray's off the hook. AEG is in a choke hold. All of this leads me to believe that 1) they upped the shows to 50 on purpose to allow MJ to kill himself trying to do them; 2)they never did the physical but needed that policy bad enough to lie for it, die for it, and 3) they weren't risking losing their credibility and their money, so finally 4) MJ had to go. Now everthing feels more suspicious and if there was truly a death, somebody's gonna go to jail for malice murder. If I were on the Lloyd's of London's staff, AEG would be at the top of my list of possible culprits in the fraud and thus Michael's death. New evidentuary discovery could bring higher charges than involuntary manslaughter and add more perpetrators than the one patsy they got now. If Michael died, AEG killed him.

    The plot thickens.

    But then again, we know that Michael Jackson is alive and well and residing at Neverland. But this would certainly make for good cinema. <!-- slolol/ -->lolol/<!-- slolol/ -->
  • hesouttamylifehesouttamylife Posts: 5,393
    And don't sleep on Randy Phillips and Tohme Tohme. Pacifying Michael while they were systemtaically setting him up for doom.

    I'm backing out of this discussion. I'm feeling my anger seep into it. I'll read and not comment further. My mind is playing tricks on me and making my blood boil. <!-- scrash/ -->crash/<!-- scrash/ -->

    The trial will be the clincher. Guess I'll just wait and see. That is, if there ever is a trial.
  • peacock7peacock7 Posts: 147
    What in the world? AEG/Kenny Ortega said that MJ said "the illusion starts tomorrow." AEG/Kenny directed and oversaw the Memorial & Directed the Funeral. So are some back to now believing that Kenny helped to kill MJ? And MJ/Mama Kate dismissed the wrongful death suit MJ/Mama Kate/Estate for........................................? The family let them blackmail them into waiting three months to bury their son/brother? Who does that? Mama Kate being a JW would have had her son buried within two weeks if he had really passed. They are in on the murder?

    MJ had to die of something. He wrote the script. I don't think there was ever going to be any concerts. This Is It was ready to go for the most part on 6-25-09. MJ has friends in high places. He can plant stories and he does. X17 Online, News of the World, the Sun, TMZ, ABC News and on and on. ABC and MSNBC seem to be friendly to MJ.

    Thome-Thome is being played by MJ. I could tell by the way he held his lips during one SHOT of him. Randy Philips has done nothing to MJ concerning this hoax. MJ called all of his boys back that he'd worked with before just for the purpose of this hoax. In 2007, he showed up for one of Lionel Richie's shows, went backstage afterwards and they made up. Lionel was quoted saying last year or in 2009 that MJ stopped speaking to him since the 1990s until 2007. He didn't explain why MJ had stopped speaking to him, but I bet I know why.

    MJ made contact with his old friends and loved ones to alert them of what he was proposing and was going to do - no question. I bet Lionel and the Randy types signed a nondisclosure agreement, and Berry Gordy and Stevie Wonder too.

    I just don't understand how one little article has some believing that by 6-25-09, people were still plotting to kill MJ. He lived in Ireland and Bahrain from late 2005 thru at least late 2007. Diana moved from Conneticut to Cali in late 2006. She says she did it to be closer to Evan as he had moved to LA. Some think that MJ jumpstarted Evan's movie career. The film of him playing a Muslim was distributed by "Peace Films." Hmmmmmmmmmmmmmmm.

    I think Diana moved closer to finally get rid of the dilemma she and MJ always had as it pertained to the long distance between their homes (living in different States), so upon their committing to each other, he told her she had to move to LA. She was quoted saying that she also decided to move West, because she had an empty nest as all of her children had moved out - so now she could TRAVEL places to visit friends. Got you, Diana. You go girl!

    MJ has got it going on - and he is running and tagging some things in the entertainment industry. He is still trying to do it with LOVE.

    The entire story of MJ readying for concerts was a fabrication made up by MJ to jumpstart this hoax. Some of This Is It - was not shot only in 2009. I think they started in 2008. I think MJ and children lived part time in a hotel whilst shooting the Dome Project.

    I think that MJ had 02 presser to start the illusion. After all, over two years later folks are still debating if that was even him. I don't think the 02 concert had 300 people let in. Not one person got a picture from camera or cell phone. The MJ that was there had a different skin tone and hands. I think MJ being the director gladly used/uses a double for FILM PURPOSES.

    Here's the thing. MJ is not afraid of anyone at AEG. He is in contact with Kenny surely - and some of the TII dancers, Travis Payne, et al. They are all in on it together. He has been seen a lot of places. That tells me that he is hardly afraid or hiding from anyone. They are helping him for the brilliant man he is. Many in the ent. industry know that he is alive and is running the Greatest Show on Earth.

    I love that pic of MJ and Omer riding a elephant at Neverland.

    Btw, I saw a pic of one of MJ's impersonators at our local Moes Mexican restaurant. Lol I forget his name now.
  • There are people who keep up to date with Michael news- but i don't think they dig as deep as we do here. Or they would see in between the lines. I really don't think MJ can hide forever lol because more and more of this will happen until its too much to deny anymore. AEG are NOT murderers, I have a strong feeling Kenny is a big one in this. He knows MJ's heart and mind, and respects him as a business man and a person: thats very important. Lloyd's of London, who knows what they really know. Who knows if these articles are pages to one big script of one big movie coming soon <!-- s:lol: -->:lol:<!-- s:lol: -->. Who knows who gets hush money. Who knows what Mike may or may not have to settle with people who figure the hoax out that aren't supposed to know. In their business, money can silence anyone. Money can make people do anything you need them to. Mike has been a victim to this and is now the MASTER of this.
  • hesouttamylifehesouttamylife Posts: 5,393
    I know I said I was going to stop here, but this brought something to my mind. I remember, and if anyone else here does please help me out, but. I posted somewhere possibly in the thread about Jane Burgenmeister (can’t really remember), that there was a rehearsal a few days prior to 6/25 where MJ’s bodyguards all came to rehearsal and sat through the whole thing which was unusual. I wonder now if this is when those people came to watch MJ’s performance. Three days later Michael was gone.

    It just came to mind so I thought I’d put it out here since we are investigating. Things are starting to fit for me. The loose ends are coming together, piece by piece.
  • hesouttamylifehesouttamylife Posts: 5,393
    What in the world? AEG/Kenny Ortega said that MJ said "the illusion starts tomorrow." AEG/Kenny directed and oversaw the Memorial & Directed the Funeral. So are some back to now believing that Kenny helped to kill MJ? And MJ/Mama Kate dismissed the wrongful death suit MJ/Mama Kate/Estate for........................................? The family let them blackmail them into waiting three months to bury their son/brother? Who does that? Mama Kate being a JW would have had her son buried within two weeks if he had really passed. They are in on the murder?

    MJ had to die of something. He wrote the script. I don't think there was ever going to be any concerts. This Is It was ready to go for the most part on 6-25-09. MJ has friends in high places. He can plant stories and he does. X17 Online, News of the World, the Sun, TMZ, ABC News and on and on. ABC and MSNBC seem to be friendly to MJ.

    Thome-Thome is being played by MJ. I could tell by the way he held his lips during one SHOT of him. Randy Philips has done nothing to MJ concerning this hoax. MJ called all of his boys back that he'd worked with before just for the purpose of this hoax. In 2007, he showed up for one of Lionel Richie's shows, went backstage afterwards and they made up. Lionel was quoted saying last year or in 2009 that MJ stopped speaking to him since the 1990s until 2007. He didn't explain why MJ had stopped speaking to him, but I bet I know why.

    MJ made contact with his old friends and loved ones to alert them of what he was proposing and was going to do - no question. I bet Lionel and the Randy types signed a nondisclosure agreement, and Berry Gordy and Stevie Wonder too.

    I just don't understand how one little article has some believing that by 6-25-09, people were still plotting to kill MJ. He lived in Ireland and Bahrain from late 2005 thru at least late 2007. Diana moved from Conneticut to Cali in late 2006. She says she did it to be closer to Evan as he had moved to LA. Some think that MJ jumpstarted Evan's movie career. The film of him playing a Muslim was distributed by "Peace Films." Hmmmmmmmmmmmmmmm.

    I think Diana moved closer to finally get rid of the dilemma she and MJ always had as it pertained to the long distance between their homes (living in different States), so upon their committing to each other, he told her she had to move to LA. She was quoted saying that she also decided to move West, because she had an empty nest as all of her children had moved out - so now she could TRAVEL places to visit friends. Got you, Diana. You go girl!

    MJ has got it going on - and he is running and tagging some things in the entertainment industry. He is still trying to do it with LOVE.

    The entire story of MJ readying for concerts was a fabrication made up by MJ to jumpstart this hoax. Some of This Is It - was not shot only in 2009. I think they started in 2008. I think MJ and children lived part time in a hotel whilst shooting the Dome Project.

    I think that MJ had 02 presser to start the illusion. After all, over two years later folks are still debating if that was even him. I don't think the 02 concert had 300 people let in. Not one person got a picture from camera or cell phone. The MJ that was there had a different skin tone and hands. I think MJ being the director gladly used/uses a double for FILM PURPOSES.

    Here's the thing. MJ is not afraid of anyone at AEG. He is in contact with Kenny surely - and some of the TII dancers, Travis Payne, et al. They are all in on it together. He has been seen a lot of places. That tells me that he is hardly afraid or hiding from anyone. They are helping him for the brilliant man he is. Many in the ent. industry know that he is alive and is running the Greatest Show on Earth.

    I love that pic of MJ and Omer riding a elephant at Neverland.

    Btw, I saw a pic of one of MJ's impersonators at our local Moes Mexican restaurant. Lol I forget his name now.

    So you don’t think that MJ hoaxed his death for serious reasons then and that there was never going to be any concerts? You think that all of it from start to end was staged? You could be right. Any of us could be 100% right or 100% wrong. I, however, do believe that Michael initially agreed to do 10 concerts but people got greedy and careless. I do believe that Michael staged this hoax for very serious reasons and some of his so called handlers had some good in it and others some bad. And I do believe heads are gonna roll, maybe not for a “death” but for some other very serious wrong doings, but not for quite a while still. I am basically secure in my belief that Michael is not dead, but I am not 100% on anything yet. Things are still unfolding for me. Unfolding slowly but rather neatly.
  • becbec Posts: 6,387
    I agree with peacock, the whole thing, from the O2 onward was staged. It's been planned for more then 25 years. A great deal of what we (think we) know about those years may have been staged as well. The evidence to support all of this is staggering.
  • hesouttamylifehesouttamylife Posts: 5,393
    Okay bec. Then what is the number 1 reason he did it and why did it take 25 years it took to pull it off? For him to plan this forI 25 years there had to be one focal reason for it to begin in the first place. What was it that gave rise to this decision to finally just do it? The brainchild? Was it to expose the media? Was it to expose the industry? Was it to expose the corruption in the government systems? Was it to just get away from it all? All of the above or none of the above? What is it because I can’t see it so clearly as you can and I really, really need to. If what I see is positively erroneous, please enlighten me so I can get on with the life that I put on hold on 6/25/09 and has been stuck there ever since. My family will bless you dearly and will be delighted to get back the person they lost before the rude awakening that took me away from them completely. My eyes, ears, and mind are open to your response. Short and sweet will do it. <!-- smoonwalk_/ -->moonwalk_/<!-- smoonwalk_/ -->
  • becbec Posts: 6,387
    I don't know why you focused so hard on me but in my opinion it's all for entertainment. Take it easy hesouttamylife, I'm not your enemy. We all put our lives on hold. "I needed your love, I needed you now, I needed your life right here today", you know?

    Ps. your family will never get back the person you were before 6/25/09, neither will any of ours. There's no going back from this death hoax.
  • hesouttamylifehesouttamylife Posts: 5,393
    I don't know why you focused so hard on me but in my opinion it's all for entertainment. Take it easy hesouttamylife, I'm not your enemy. We all put our lives on hold. "I needed your love, I needed you now, I needed your life right here today", you know?

    Ps. your family will never get back the person you were before 6/25/09, neither will any of ours. There's no going back from this death hoax.
    How in the world did you take my post as negative? I’m reaching out here. <!-- spale/ -->pale/<!-- spale/ -->
  • becbec Posts: 6,387
    Oh I thought you were patronizing me. You used grandiose terms lol. Should I just hug you now?
    <!-- sbearhug -->bearhug<!-- sbearhug -->

    We are in this together, hesouttamylife, don't ever forget it. Someday we will look back fondly and chuckle about how clueless and insecure we were (now).
  • hesouttamylifehesouttamylife Posts: 5,393
    Oh I thought you were patronizing me. You used grandiose terms lol. Should I just hug you now?
    <!-- sbearhug -->bearhug<!-- sbearhug -->

    We are in this together, hesouttamylife, don't ever forget it. Someday we will look back fondly and chuckle about how clueless and insecure we were (now).
    <!-- slolol/ -->lolol/<!-- slolol/ --> That’s better friend. <!-- sbearhug -->bearhug<!-- sbearhug --> and all in this together we shall remain. Joined at the hip. <!-- slolol/ -->lolol/<!-- slolol/ -->
  • hesouttamylifehesouttamylife Posts: 5,393
    Family… you’ve still got to wait a while longer. Sorry.
  • SouzaSouza Posts: 9,400
    I agree with peacock, the whole thing, from the O2 onward was staged. It's been planned for more then 25 years. A great deal of what we (think we) know about those years may have been staged as well. The evidence to support all of this is staggering.
    Of course it is. Why else would the TII poster state: Discover the man you never knew? and Like you've never seen him before. We all know those statements refer not to the 111 minutes of TII, but to the past 2 years where the fans with an open mind came to the conclusion that maybe they didn't know their big hero at all, that maybe they only saw what he wanted them to see: The King of Pop.

    I didn't know shit before June 25, besides his music and I think that blank MJ page in my head has kept me sane. I have never seen him as weird, because in my opinion all the drama surrounding MJ (besides the trial and the accusations) was deliberate to keep his public persona alive. I never understood why he did certain things, dressed a certain way, said certain things, talked in a certain manner and I sure as hell didn't understand a lot of his wig and make-up choices. But because I never cared about celeb's lives, I never tried to understand. I think that because I always thought he was playing some kind of role, I immediately thought it was a hoax when I heard the news. But the fact that I watched the memorial only to wait for him to jump out of the casket, proves I might have understood something, but also nothing at all. I think the last 20 years of his life as we know it, have been staged. A role to try and wake people up, to send out a message. Every single thing in those 20 years (and I think he rehearsed a little before those 20 years) had a deeper meaning, an artistic and symbolic way of telling a story that sadly only few, if anyone, really understood. He had to die for people to understand the meaning of it. The 'symbol', the KOP, died on June 25. What remains is a man none of us know. He could be just like you or me, or you next door neighbour. The only thing that is not staged is his endless love for children and those in need, because that was never a circus, that was pure. Major clue about his charachter though is the fact that he pulled this off. Means that he's not some scared, naive and dumb entertainer, it means he is highly intelligent, fully awake and has some balls! The man is on a mission and we have the privilege of following it that close. There are days I wish I had never Googled MJ Hoax, but most of the days I simply feel sorry for the close minded, mourning fans who think he let some incompetent doctor inject him with all those drugs, because they are missing The Greatest Show On Earth. They will witness the end/the bam/the goal, but it's the journey that counts and they will never be able to experience it the way we are.

    Sorry, I realize this was slightly off topic.

    "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

  • hesouttamylifehesouttamylife Posts: 5,393
    Thanks Souza. Great post no matter where you put it. <!-- sbeerchug -->beerchug<!-- sbeerchug -->
  • becbec Posts: 6,387
    Ok so now that we all group hugged, what's the consensus of this article.
  • hesouttamylifehesouttamylife Posts: 5,393
    Ok so now that we all group hugged, what's the consensus of this article.
    …juat because your read it on your computer screen or hear it from a magzine don’t make it actual, factual… <!-- slolol/ -->lolol/<!-- slolol/ --> and Michael already told me that. Sorry MJ <!-- slolol/ -->lolol/<!-- slolol/ -->
  • suspicious mindsuspicious mind Posts: 5,984
    I don't know why you focused so hard on me but in my opinion it's all for entertainment. Take it easy hesouttamylife, I'm not your enemy. We all put our lives on hold. "I needed your love, I needed you now, I needed your life right here today", you know?

    Ps. your family will never get back the person you were before 6/25/09, neither will any of ours. There's no going back from this death hoax.



    that thought is kind of inspiring and scarey all rolled into one
  • SouzaSouza Posts: 9,400

    Conclusion:

    1. MJ had not seen a doctor other than a cosmetic MD since June, 2005, so was in great health.

    2. Michael did not take prescription drugs prior to and at the time of his death -- including Propofol, means he's not dead.**

    **Original sentence:
    Michael did not disclose he was taking prescription drugs
    prior to and at the time of his death -- including Propofol.

    The last one is of course a strange statement, because it's not really possible for a dead guy to say if and what he was taking at the time of his death. I think both point 1 and point 2 are the truth. Why would they lie? Because AEG killed him and wanted to cash in money from this insurance? In that case it would have been better to run him over by a bus, because if he really was in bad health and took RX, it would come out after the autopsy.

    "For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

  • AnaMarciaAnaMarcia Posts: 860

    Conclusion:

    1. MJ had not seen a doctor other than a cosmetic MD since June, 2005, so was in great health.

    2. Michael did not take prescription drugs prior to and at the time of his death -- including Propofol, means he's not dead.**

    **Original sentence:
    Michael did not disclose he was taking prescription drugs
    prior to and at the time of his death -- including Propofol.

    The last one is of course a strange statement, because it's not really possible for a dead guy to say if and what he was taking at the time of his death. I think both point 1 and point 2 are the truth. Why would they lie? Because AEG killed him and wanted to cash in money from this insurance? In that case it would have been better to run him over by a bus, because if he really was in bad health and took RX, it would come out after the autopsy.

    Yeah!

    That phrase was the first thing that caught my attention in this story! <!-- spenguin/ -->penguin/<!-- spenguin/ -->
  • blankieblankie Posts: 2,350

    Conclusion:

    1. MJ had not seen a doctor other than a cosmetic MD since June, 2005, so was in great health.

    2. Michael did not take prescription drugs prior to and at the time of his death -- including Propofol, means he's not dead.**

    **Original sentence:
    Michael did not disclose he was taking prescription drugs
    prior to and at the time of his death -- including Propofol.

    The last one is of course a strange statement, because it's not really possible for a dead guy to say if and what he was taking at the time of his death. I think both point 1 and point 2 are the truth. Why would they lie? Because AEG killed him and wanted to cash in money from this insurance? In that case it would have been better to run him over by a bus, because if he really was in bad health and took RX, it would come out after the autopsy.


    GREATEST <!-- sparty/ -->party/<!-- sparty/ --> GREATEST <!-- sparty/ -->party/<!-- sparty/ -->
    I'm really happy !!!! <!-- sbounce/ -->bounce/<!-- sbounce/ -->





    <!-- smoonwalk_/ -->moonwalk_/<!-- smoonwalk_/ -->
  • suspicious mindsuspicious mind Posts: 5,984
    they have someone who they are going to insure for a large sum , who hasn't seen a doctor in four years . they didn't send this person to their own doctor before agreeing to this policy. yeah , ok
  • paula-cpaula-c Posts: 7,221
    ForstAMoon wrote:

    The court documents attached.

    MJ-Lloyds document


    Lloyd's of London is suing the Michael Jackson Company and AEG over an insurance policy that was taken out for Michael Jackson's performances in London, which never happened due to the superstar’s sudden death.

    LLoyd's accuses AEG, the concert promoter, of withholding witness statements, and "other information necessary to determine AEG's entitlement to coverage under the policy," according to the lawsuit.

    The insurance policy that was taken out on behalf of the former King of Pop for $17.5 million dollars, which Lloyd's doesn't think it should have to pay because it was never revealed to them that Jackson was taking prescription drugs and Propofol.

    Lloyd's contends it shouldn't have to pay the insurance policy because: "AEG and/or Jackson, knew but did not disclose that Jackson was taking prescription drugs and/or drugs prior to and at the time of his death, including Propofol," the court docs state.

    The insurance company asserts that they have the right to rescind the policy because of Jackson's alleged drug use.

    Lloyds wants the judge to issue an order declaring the insurance policy canceled and that AEG and the Michael Jackson Company are only entitled to a refund of the premium of the policy.

    Michael Jackson died on June 25, 2009 of an acute Propofol intoxication. Jackson's personal physician, Dr Conrad Murray, who admitted to administering Propofol to Michael, has been charged with involuntary manslaughter. Dr. Murray's trial is expected to begin in September.

    <!-- m -->http://www.radaronline.com/exclusives/2<!-- m --> ... -documents


    And this in these documents, The insurance was issued under the alias of "Mark Jones", and covered the 30 first concert at the 02

    <!-- m -->http://www.radaronline.com/sites/rad.../MJ-Lloyds.pdf<!-- m -->
  • 1988–96In the late 1980s and early 1990s, Lloyd's went through the most traumatic period in its history. Unexpectedly large legal awards in U.S. courts for punitive damages led to large claims by insureds, especially on APH (asbestos, pollution and health hazard) policies, some dating as far back as the 1940s. Many of these policies were designed to cover all liabilities not excluded on broadform liability policies.

    Also in the 1980s Lloyd's was accused of fraud by several American states and the names/investors. Some of the more high profile accusations included:

    Lloyd's withheld their knowledge of asbestosis and pollution claims until they could recruit more investors to take on these liabilities that were unknown to investors prior to investing in Lloyd's;
    Enforcement officials in 11 U.S. states charged Lloyd's and some of its associates with various wrongs such as fraud and selling unregistered securities;
    Ian Posgate, one of Lloyd's leading underwriters, was charged with skimming money from investors and secretly trying to buy a Swiss bank; he was later acquitted.

    http://en.wikipedia.org/wiki/Lloyd's_of_London
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