Written By Damilola Faustino
Kanye West is suing Lloyd’s of London alleging that it failed to pay out $10 million following the cancellation of his Saint Pablo tour last year.
In the lawsuit, filed in the U.S., West accuses the insurer of stalling and seeking to make up flimsy excuses to avoid paying out on the policy.
The suit alleges: “Lloyd’s companies enjoy collecting bounteous premiums; they don’t enjoy paying claims, no matter how legitimate. The artistes think they’re buying peace of mind. The insurers know they’re just selling a ticket to the courthouse.”
West was hospitalized on Nov. 21, 2016 and cancelled the remaining 21 dates on the tour.
Tickets were refunded while West’s touring company had paid hundreds of thousands of dollars in premiums to insure against the possibility of a cancellation.
Lloyd’s has neither denied nor approved the claim, but the suit indicates that the company may seek to avoid paying by blaming West’s medical problems on his use of marijuana.