Lloyd's and Kanye settle $10 million lawsuit

Kanye West

Kanye West

Insurance Age has contacted Lloyd's for a comment. Lloyd's claimed drug use was an exclusion under the policy.

In August, West and Very Good Touring filed a $10 million lawsuit against Lloyd's of London. "The insurers know they're just selling a ticket to the courthouse".

"Almost immediately after the claim was submitted, Defendants selected legal counsel to oversee the adjustment of the claim, instead of the more normal approach of retaining a non-lawyer insurance adjuster", West's complaint said. However, West's suit claimed Lloyd's had used tactics including a need for further examinations under oath in order to stall any potential payout. The two parties filed a joint stipulation to have West's case dismissed in California federal court. Kanye abandoned the tour and checked into a psychiatric care center following "strained, confused and erratic" behavior. He had been hospitalized in November 2016 after a series of concerts he gave where he went on freaky rants about Donald Trump and his friend Jay-Z.

Kanye West has gained a satisfactory settlement from insurers who stalled on paying up after the hip hop star canceled a concert tour amid a mental breakdown.

The rapper's firm, Very Good Touring, sued the London-based insurer and its syndicates claiming they were refusing to pay out by alleging his marijuana use was responsible for his medical condition.

Lloyd's of London countersued and claimed they had discovered "substantial irregularities in Mr".