Kanye West is suing various syndicates of insurer Lloyd’s of London for $10 million, claiming breach of contract and breach of good faith.
West canceled his 2016 world tour, Saint Pablo, last year due to medical conditions, and according to his touring company, the insurers did not pay out the multi-million dollar claim.
Very Good Touring claims they had an insurance policy that protected it against losses incurred by “dates that had to be canceled, abandoned, postponed, or interrupted” due to “accidental bodily injury or illness,” the suit said according to ABC News.
Since the first half of his tour ran smoothly, the company decided to add extra dates – but that’s when things fell apart for West.
But why haven’t they paid up? Is it because of alleged drug use? It is no doubt that West’s psychological breakdown last year caused a media frenzy. And when his famous wife, Kim Kardashian, was robbed at gunpoint in Paris on October 2, West walked off the stage and was forced to cancel two of his shows as a result.
A complaint made in federal court on Tuesday in California states: “Nor have they provided anything approaching a coherent explanation about why they have not paid, or any indication if they will ever pay or even make a coverage decision, implying that Kanye’s use of marijuana may provide them with a basis to deny the claim and retain the hundreds of thousands of dollars in insurance premiums paid by Very Good.”
West was even selected for independent medical examinations, according to the complaint. The insurers are being accused of leaking information to news outlets, and it is being reported that they want to interview others outside of West’s control, to determine whether they will pay or not.
“Lloyd’s companies enjoy collecting bounteous premiums; they don’t enjoy paying claims, no matter how legitimate. Their business model thrives on conducting unending ‘investigations,’ of bona fide coverage requests, stalling interminably, running up their insured’s costs, and avoiding coverage decisions based on flimsy excuses. The artists think they they’re buying peace of mind. The insurers know they’re just selling a ticket to the courthouse,” writes West’s lawyer, Howard King.