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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- No, the Red Sox signing Pablo and Hanley is not proof that baseball needs a salary cap 163
- Red Sox announce four-year, $88 million deal with Hanley Ramirez, DFA Juan Francisco 35
- The Cubs have offered Jon Lester “north of $135 million” 68
- Pablo Sandoval’s deal: five years, $98 million plus an option 43
- Kyle Seager, Mariners close to $100 million extension 26
- The 2015 Hall of Fame ballot is out — Randy Johnson, Pedro Martinez are new on the ballot 286
- So what would the Red Sox look like with Hanley Ramirez and Pablo Sandoval? 49
- The 2015 Hall of Fame ballot is out — Randy Johnson, Pedro Martinez are new on the ballot (286)
- No, the Red Sox signing Pablo and Hanley is not proof that baseball needs a salary cap (163)
- More Hall of Fame ballots like Adam Rubin’s please (140)
- Report: Pablo Sandoval chose the Red Sox over the Giants because he felt disrespected (138)
- UPDATE: The Pablo Sandoval-Red Sox deal is done, pending a physical (133)