Kanye West thinks Lloyd’s of London is trying to avoid paying off on a $10 million insurance policy that was supposed to protect against losses if the famously volatile singer’s recent concert tour was interrupted.
So West has filed a lawsuit in a Los Angeles court claiming the world’s oldest insurance marketplace is stalling on the payout, may never come up with the funds and may be trying to blame marijuana despite failing to provide “anything approaching a coherent explanation.”
According to the lawsuit, lodged in Los Angeles federal court, West filed a claim with Lloyd’s shortly after canceling the second leg of the “Saint Pablo Tour” and checking himself into UCLA Medical Center in November.
An email message sent to a representative for the insurer after regular business hours was not immediately answered.
Lawyers for West allege that the entertainer and his company Very Good Touring Inc. have not been paid — and the insurance giant is intentionally stalling.
“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,” according to the complaint.
“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,” the suit alleges.
West originally planned to perform 38 dates between last Aug. 12 and Nov. 2, and took out insurance in case cancellations were needed, the lawsuit states.
–Staff and wire reports
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