Kanye West Files $10 Million Lawsuit Against Insurance Company After Axing Tour Due To Mental Breakdown
Kanye West hit headlines last November when he abruptly pulled the plug on his ‘Saint Pablo Tour.’
Already marred by the fact that lengthy rants had begun to replace songs, the last straw came when the rapper walked off stage in San Jose after just four songs.
Shortly after, Ye was hospitalized at the UCLA Neuropsychiatric Hospital Center after suffering what was reported as a “psychological breakdown.”
However, it appears that’s being called into question by his insurers and he’s not happy.
Full story below…
According to THR, West has filed a $10 million lawsuit against Lloyd’s Of London for non-payment following the Trek’s cancellation.
See, any artist that hits the road on a tour of that magnitude must be ensured – so as to cover payouts in the event of illness, injuries, cancellations, and the like. Something team Kanye claim they paid for.
Yet, despite this – eight months on – they assert that no money has been paid out to them. Even though West and his Very Good Touring Inc company officially made their insurance claim (aka the trigger for payment) two days after he was admitted to hospital.
Expressing their frustrations at the insurers, Yeezy’s team said in the filing:
“they [have not] 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. The stalling is emblematic of a broader modus operandi of the insurers of never-ending post-claim underwriting where the insurers hunt for some contrived excuse not to pay.”
So what could the issue be?
West’s team heavily allude to the insurers being suspicious about the validity of the rapper’s condition – especially in light of his marijuana use. They allegedly demanded to interview others outside of West’s control to make a determination.
The suit goes on to make various allegations against insurers, including suggestions that they’ve been leaking stories about the star to the press.
Driving home the crux of their grievance, West’s team added:
“Performing artists who pay handsomely to insurance companies within the Lloyd’s of London marketplace to obtain show tour ‘non-appearance or cancellation’ insurance should take note of the lesson to be learned from this lawsuit: 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.”
Whichever way this is diced or sliced, this ultimately amounts to yet more “Kanye drama.” How we long for the days when his music and visuals were the primary talking point.