Rolling Stones settle with underwriters

Keith Richards

An insurance dispute between the Rolling Stones and the British underwriters of their international tour have reached an agreement over reimbursement for cancelled concerts in Australia and New Zealand.

The band’s spokeswoman Fran Curtis declined to elaborate on the settlement in an email to the media last week, but she says the £8 million claim from a £17 million policy has been resolved.

The legal battle was sparked when the band filed a claim for losses due to the delay of their international tour when lead singer Mick Jagger’s girlfriend, designer L’Wren Scott committed suicide in March.

Jagger was diagnosed with acute traumatic stress disorder following Scott’s death and ordered not to perform for at least 30 days.

According to court documents viewed by Utah reporters, underwriters denied the payment because Scott’s suicide was considered an intentional act and not a sudden and unforeseen event beyond her control.

A New York court allowed underwriters to investigate whether Scott had a pre-existing mental condition that would invalidate the claim.

The dispute became public when the local newspaper published court filings disclosing that the insurance investigators were granted permission to interview Scott’s brother in October, though he informed the media he was not contacted.

UK news publisher The Independent says the court papers also reveal exemptions to the policy which include anything happening to Keith Richards related to alcohol abuse, liver failure and/or disease, osteoarthritis, as well as illness due to the injuries he sustained when he fell out of a coconut tree in Fiji in 2006 and required brain surgery.