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The tickets sold out at 11 per second. To save you worrying that is in roughly 19 hours !  The organisors were well advised but they surely have been dreading the possibilty of Michael’s premature death. It is reckoned that they might be £ 300 million pounds out of pocket. The insurance industry understands that AEG had insured between ten and twenty of his fifty concert tour. Cost to AEG ,  circa £ 120 million.  Wonder  if they could seek compensation from Michael’s estate. A lawyer wouldn’t take that on, would he ? Insurance is good but contingency risk planning essential.

This entry was posted on Tuesday, June 30th, 2009 at 9:44 am and is filed under Insurance News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.