When insurance companies deal with huge amounts of cash, the industry can appear very cut-throat.
An insurance company has made the headlines by battling against the Rolling Stones to not pay out $12.7 million after the suicide of Jagger’s girlfriend caused their tour to be cancelled in Australia and New Zealand.
L’Wren Scott, Mick Jagger’s fashion designer girlfriend, died in March, and Jagger was understandably so effected that several tour dates had to be cancelled.
Due to the insurance needed to cover large entertainment ventures like a band on tour, the insurance company, it is claimed, should have paid out the multi-million dollar claim.
However, the company argues that Scott’s death was not ‘sudden and unforeseen’ as was covered in the policy, but that her death was intentional.
However, Jagger was diagnosed with traumatic stress disorder following Ms Scott’s death. He was told by his doctor not to perform while he dealt with the condition, which was the cause of the tour dates being cancelled.
“Ms Scott’s death arose from, was traceable to, or accelerated by, a condition for which she had received or been recommended medical attention,” the underwriters of the insurance company said in the court documents.
The compensation that the Rolling Stones are seeking is $12.7 million. The policy originally cost them a reported 23.9 million dollars.
The matter is unresolved at the time of writing, and the verdict will be down to the courts to decide.