Kanye's Insurance Lawsuit Stemming From His Canceled Tour Is Very Kanye
Everything Kanye West does, he does in peak Kanye fashion; his current legal battle is no exception. Earlier this week, new reports came out that West is suing the insurance company in charge of his canceled Saint Pablo tour for a reported failure to pay out for said cancellation.
Here's how it reportedly happened. When West canceled his tour last year in the wake of his wife, Kim Kardashian, becoming the victim of a robbery during Paris Fashion Week, there was speculation his ensuing alleged mental breakdown played a role. At any rate, he was reportedly counting on his tour insurance to cover him for the missed revenue from the shows that didn't happen. Almost eight months later, West allegedly hasn't seen a penny, so he and his touring company, Very Good, are now suing Lloyd's of London, the insurance company in question, for $10 million.
West's team says that it filed an insurance claim just two days after West was admitted to UCLA Neuropsychiatric Hospital, but that Lloyd's of London has been stalling on paying the claim.
The insurance company has 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," a lawsuit statement issued by West's legal team reads. "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."
Very Good is also saying Lloyd's of London is in "breach of contract and breach of good faith and fair dealing." It also alleges that shady insurance companies routinely take advantage of artists who are just looking for peace of mind.
"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 lawsuit says.
Here's hoping West can get the money he's owed.