LOS ANGELES (CN) – Toni Braxton says she paid Lloyd’s of London nearly $70,000 for event cancellation insurance that the insurer never intended to honor. Braxton says Lloyd’s refused to indemnify her after she canceled a show at the Flamingo Hotel in Las Vegas because she was hospitalized with chest pain.
According to her Superior Court complaint, Lloyd’s claimed it did not have to cover an “unrelated” medical problem that it knew nothing about. But Braxton says she listed her condition – microvascular angina – on her insurance application and has spoken publicly about the condition “for many years.”
Braxton says Lloyd’s promised to insure her for up to $2.8 million. Braxton wants $1.2 million. She says she paid nearly $70,000 for the insurance policy. She is represented by Peter Haviland of Kaye Scholer.