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?
- Report: Red Sox make $95 million offer to Pablo Sandoval 66
- White Sox sign Adam LaRoche to two-year, $25 million deal 33
- Report: Red Sox offer Jon Lester six years, $110-120 million 72
- Report: “There is a 90 percent chance that Pablo Sandoval will sign with the Red Sox” 130
- A’s sign Billy Butler to three-year, $30 million contract 84
- Cardinals reportedly joining pursuit of Jon Lester 65
- Giancarlo Stanton’s contract is backloaded. REALLY backloaded. 148
- Braves and Cardinals swap Jason Heyward and Shelby Miller in blockbuster deal 157
- Braves and Cardinals swap Jason Heyward and Shelby Miller in blockbuster deal (157)
- Giancarlo Stanton’s contract is backloaded. REALLY backloaded. (148)
- Blue Jays sign Russell Martin to five-year, $82 million deal (135)
- Report: “There is a 90 percent chance that Pablo Sandoval will sign with the Red Sox” (130)
- Sexual assualt charges reinstated against Tigers pitcher Evan Reed (128)