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It looks like Kanye will get to keep his coins for another day. Kanye West has finally settled an almost year long lawsuit with Lloyd’s of London for refusing to pay West $10 million in an insurance policy. West had taken the policy out for his 2016 Saint Pablo Tour. 

via TMZ:

We’ve learned Lloyd’s folded under massive pressure by Kanye’s lawyers and agreed to pay most of what Kanye was due under the policy. Kanye’s touring company — Very Good Touring — had sued for $10 million after Lloyd’s incredibly refused to pay because it claimed the breakdown was triggered by Kanye’s alleged drug use. Lloyd’s claimed drug use was an exclusion under the policy.

As we reported, Lloyd’s initially dragged its feet, claiming marijuana triggered the mental breakdown, something we’re told was totally unsupported by medical evidence. TMZ reported the breakdown was triggered by a mental condition that had nothing to do with drugs.

In the end … Lloyd’s decided going to court was too risky, especially when faced with a possible huge punitive damages award.

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