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Insurer seeks $7.5 million

Updated: October 22, 2012, 3:45 PM ET
By Darren Rovell | ESPN.com

A Texas insurance company said Monday it is demanding the return of $7.5 million in bonus money paid to dethroned cyclist Lance Armstrong.

On Monday, after the International Cycling Union announced that it would strip all seven Tour de France titles from Armstrong based on the report of his use of performance-enhancing drugs by the U.S. Anti-Doping Agency, a representative for SCA Promotions confirmed to ESPN.com that it would now ask for the money back.

"The bonus that was owed was ...

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