Celebrity News

Kanye West Settles $10 Million Insurance Claim with Lloyd’s of London
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Kanye West

Summary: Kanye West and an insurance company have reached a settlement over the missing payment from his canceled tours. 

Kanye West has won a settlement in his lawsuit against an insurance company who didn’t want to pay him because they thought he was a drug user. According to The Hollywood Reporter, West had sued Lloyd’s of London for $10 million last August. 

  
What
Where


In 2016, West canceled his concert tour after he was hospitalized for erratic behavior. His tour was insured by Lloyd’s of London, but the insurance company refused to pay the claim. They said that if West had been on drugs that would void their obligation, but West’s attorneys said that Lloyd’s was just looking for an excuse.

“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. “Immediately turning to legal counsel made it clear that Defendants’ goal was to hunt for any ostensible excuse, no matter how fanciful, to deny coverage or to maneuver themselves into a position of trying to negotiate a discount on the loss payment.”

On Wednesday, Lloyd’s settled their case with West for an undisclosed sum. The two parties filed a joint stipulation to have West’s case dismissed in California federal court.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




West filed a lawsuit in August. In his complaint, he said that he had filed an insurance claim two days after he checked himself into a psychiatric center. He had been hospitalized in November 2016 after a series of concerts he gave where he went on bizarre rants about Donald Trump and his friend Jay-Z.

A mental health professional had confirmed that West had a breakdown and needed to be treated, but nonetheless, Lloyd’s refused to pay out the money, suggesting that they needed proof that West had not been using drugs.



Lloyd’s insurance policy refused to pay out for preexisting psychological conditions, use of illegal drugs, use of prescription drugs obtained without a prescription, and overuse of alcohol.

In West’s August lawsuit, he said that he had submitted all required documentation and accused the insurance company of leaking his medical problems to the press. West and his group Very Good Touring had asked for $10 million and a jury trial.

“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,” the August lawsuit said.



 

RELEVANT JOBS

Litigation Associate

USA-NY-New York City

Position Overview DGW Kramer LLP is seeking an associate with a minimum of 2 years of general com...

Apply now

Corporate Counsel, Securities

USA-CA-San Diego

Position Summary The Corporate Counsel, Securities plays an important role in the organization by...

Apply now

FT Legal Assistant Wanted For Personal Injury Law Firm

USA-FL-Weston

FT Legal Assistant / Clerk Wanted For Personal Injury / Victim\'s Rights Law Firm Law Office...

Apply now

Associate Litigation Attorney

USA-CA-Irvine

The Law Offices of Samer Habbas is a high-volume, fast-paced firm seeking a motivated and driven att...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Real Estate Attorney

USA-NJ-Parsippany

Parsippany office of a BCG Attorney Search Top Ranked Law Firm seeks real estate attorney with 5 yea...

Apply Now

Corporate Advisory Associate Attorney

USA-IL-Chicago

Chicago office of a BCG Attorney Search Top Ranked Law Firm seeks corporate advisory associate attor...

Apply Now

Trademark and Copyright Portfolio Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks a trademark and copyright po...

Apply Now

SEARCH IN ARCHIVE

To Top