Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Kanye West is suing Lloyd's of London for $10m over his cancelled tour dates

Lloyd’s is reportedly hinting that it will refuse to pay out after the gigs were cancelled because of a medical condition, purportedly caused by marijuana use

Josie Cox
Business Editor
Wednesday 02 August 2017 12:56 BST
Comments
Kanye West cancelled 21 dates of his Saint Pablo Tour in November last year
Kanye West cancelled 21 dates of his Saint Pablo Tour in November last year (Getty)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Kanye West’s company is reportedly suing various syndicates of Lloyds of London for $10m (£7.6m) after the hip hop star cancelled a string of concerts last year and checked into a neuro-psychiatric centre in Los Angeles.

According to Hollywood Reporter, Very Good Touring is taking the insurer to court because the latter is hinting that it will refuse to pay out after the gigs were cancelled because of a medical condition, purportedly brought on by marijuana use.

The publication says a loss claim was tendered two days after the musician checked himself into a psychiatric centre in LA, but he and his company still have not been paid more than eight months later, according to the suit.

“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,” a complaint filed on Tuesday in California federal court reads, according to Hollywood Reporter.

“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.”

Kanye West cancelled 21 dates of his Saint Pablo Tour in November last year.

Also cited in Hollywood Reporter, Mr West’s lawyer, Howard King, urged other “artists who pay handsomely to insurance companies within the Lloyd’s of London marketplace to obtain show tour ‘non-appearance or cancellation’ insurance” to “take note”.

“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 [that] they’re buying peace of mind. The insurers know they’re just selling a ticket to the courthouse,” he is quoted as saying.

Lloyd’s of London was not immediately available for comment when contacted by The Independent.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in