The San Diego Padres filed a lawsuit in U.S. District Court against Lloyd’s of London for the insurance consortium’s alleged refusal to pay on a policy the baseball club took out on the contract of pitcher Randy Myers. According to Harvey R. Levine, the attorney representing the Padres, Lloyd’s had agreed to pay $4 million each for the 1999 and 2000 seasons in the event Myers incurred an injury and was unable to pitch. Due to an injured shoulder, Myers did not pitch in 1999 and may not pitch for the rest of the 2000 season. The Padres are seeking $4 million for the 1999 season as well as unspecified punitive damages and legal fees. Lloyd’s has 20 days to file a response to the suit.
Topics Lawsuits Excess Surplus
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