Jan 30, 2013, 1:35 PM EST
Attorneys for the Houston Astros filed a lawsuit in state district court here Monday afternoon against Connecticut General Life Insurance Co., claiming breach of contract because the insurer denied the Astros’ claim to recoup $15.6 million of injured first baseman Jeff Bagwell’s $17 million contract … The Astros filed the insurance claim late in January, a few days prior to the Jan. 31 deadline. On March 28, Connecticut General rejected the claim, contending Bagwell had not become more disabled since he played in the World Series in October 2005.
The club contended the famous insurance carrier acted in bad faith when it denied a claim by the Padres over whether the club was due $8 million compensation for the two seasons (1999-2000) that Myers was unable to play because of arm injuries … After filing a claim, the Padres heard nothing from the carrier for 16 months, according to court papers. Lloyd’s balked at paying the claim and, according to court papers, argued two apparently conflicting points. The insurer said that Myers’ disabling injury occurred in April 1999, after the insurance policy expired. Lloyd’s also contended that Myers’ health problems could have been diagnosed as early as 1993 before the policy was enacted.
But sure, even though insurance companies fight $8 million and $17 million claims for years, there is every reason to think that one wouldn’t fight a $114 million claim for A-Rod. They’d clearly understand that paying up was in the best interest of the Yankees and their fans and do their duty, right?
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- Phillies GM told Ryan Howard they’d be better off “not with him but without him” 85
- Trea Turner’s agent is unhappy his client is in limbo after trade to Nationals 48
- Nexen Heroes accept Jung-Ho Kang posting fee from unidentified MLB team 35
- Giants acquire Casey McGehee from the Marlins 16
- The Padres have given their fans something to talk about. Which is badly needed in San Diego. 64
- Justin Upton traded to the Padres for three prospects 79
- Bud Selig will get a $6 million a year pension. Which is obscene. (145)
- The United States will seek to normalize relations with Cuba (144)
- Rays, Padres, Nationals agree to 11-player trade (97)
- Chase Headley signs a four-year deal with the Yankees worth at least $52 million. (95)
- St. Petersburg City Council votes down deal to allow Rays to look for new stadium site (90)