Singer Lady Gaga's management company filed a lawsuit accusing Lloyd's syndicates of improperly denying a claim for losses stemming from the cancellation of Gaga's Indonesian performance in June 2012.
The lawsuit claimed breach of contract and named Beazley PLC and Talbot Underwriting as defendants.
The plaintiffs—Atom Factory, Live Nation, LGTours and Mermaid Touring Inc.—are seeking a minimum of $75,000 for losses they argue are covered under terrorism risk policies they purchased through the syndicates. The plaintiffs called the syndicates' behavior "despicable" and cited the "substantial premium" paid for the coverage.
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