Michael Jackson fans could lose their money from their “This Is It” tickets

Michael Jackson

Michael Jackson

Underwriters at Lloyds of London are refusing to pay out the 10.6 million pounds in insurance payout for Jackson’s cancelled “This Is It” concerts.

They have asked a judge to nullify a $17.5 million policy taken out by AEG Live and Jackson’s company, saying they were never told that the singer was taking powerful drugs.

Lloyds filed a lawsuit in Los Angeles Superior Court on Monday, asking a judge to solve the insurance dispute which has continued for almost two years after Jackson’s death.

The insurance policy was taken out to cover the cancellation or postponement of the London concerts in the case of the death, accident or illness of Jackson.

However, Lloyds claims that AEG’s hired physician, Dr. Conrad Murray, never disclosed the singer’s medical history to the insurers “including, but not limited to, his apparent prescription drug use and/or drug addiction.”

Lloyds insists AEG or Jackson or his company knew but did not disclose that Jackson was taking propofol — an anaesthetic that is usually restricted to hospital use ahead of surgery.

The judge’s decision has yet to be announced. Until then, ticket holders will have to wait and see if they will be reimbursed.

See a clip of Jackson rehearsing for his “This Is It”:

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