Nearest broker: Searching for a broker nearby…
Nearest broker: Sunderland Phone: (705) 357-3916 Sudbury Phone: (705) 523-2030 Penetanguishene Phone: (705) 549-7437 Ottawa Phone: (613) 733-3312 Parry Sound Phone: (705) 746-2441 Orillia Phone: (705) 325-4234 Kemptville Phone: (613) 258-5991 Eganville Phone: (800) 884-1045 Petawawa Phone: (613) 687-4805 Belleville Phone: (800) 361-0941 Winchester Phone: (800) 487-3706 Wellington Phone: (613) 399-3620 Trenton Phone: (877) 455-0299 Prescott Phone: (877) 504-3569 Picton Phone: (888) 475-2776 Peterborough Phone: (800) 958 2270 Perth Phone: (877) 248-1222 Pembroke Phone: (877) 399-3299 Oshawa Phone: (800) 887-7309 North Bay Phone: (705) 475-0001 Napanee Phone: (613) 354-2152 Morrisburg Phone: (800) 806-0746 Midland Phone: (888) 737-6465 Madoc Phone: (613) 473-5266 Kingston Phone: (800) 590-5422 Gananoque Phone: (800) 932-2131 Embrun Phone: (866) 853-4740 Crysler Phone: (888) 292-7098 Courtice Phone: (888) 761-0443 Cornwall Phone: (844) 463-3616 Cobourg Phone: (800) 895-5902 Carleton Place Phone: (888) 237-9517 Brockville Phone: (888) 345-8663 Brighton Phone: (613) 475-1430 Barry’s Bay Phone: (866) 845-2123 Barrie Phone: (705) 726-3350 Bancroft Phone: (800) 994-0036 Arnprior Phone: (800) 668-7337
Get a Quote
Open Menu
Kanye West singing or talking

Kanye West Settles with Lloyd’s of London over $10 Million Lawsuit

The year is 2016. Kayne West, one of the most popular rap artists of the time, is on stage in Sacramento for his Saint Pablo Tour. Part way through the show he begins ranting hysterically about Jay-Z, Hillary Clinton, and even Facebook. The performance is cut short. He still has 21 more dates slotted for his tour but cancels them due to a mental breakdown. He was treated over the course of the next week in a neuropsychiatric centre.

 

The rapper spent thousands and thousands of dollars on his insurance to cover any cancellations should they arise. And in 2017, when he hadn’t been paid out for this claim, his touring company, Very Good Touring filed a $10 million lawsuit against Lloyd’s of London insurance market. If you don’t know what Lloyd’s is read this.

Kanye West and Jay-z

Lloyd’s followed up with a counter lawsuit of their own, against Kanye West and his tour company. This was based on the allegation that the artist used marijuana, which was written in as an exclusion in the policy. Lloyd’s used this initially as their defense to deny his insurance claim.

 

West’s lawsuit suggested that the insurer could not deny the claim on the basis that the use of marijuana caused his mental breakdown.

 

Lloyd’s responded saying West had “substantial irregularities” in his medical history and they were not solely denying the claim based on the use of Marijuana. They also followed it up to say the touring company refused to provide information that was relevant and necessary for underwriters to properly execute their investigation of the claim.

 

Kanye’s lawyer, Howard King, released a statement that, “Lloyd’s did not want to honour a legitimate claim but can’t find a factual basis to deny the claim.”

 

However, after all this back and forth, we can now rest assured knowing that it has been settled.

 

The judge assigned to the case dismissed it on Valentine’s Day after the lawyers came to an agreement from both sides. Love must have been in the air. The matter was described to have been resolved amicably, with Kayne West receiving most of what he was due under the policy terms.

 

We really don’t know why we wrote this article and if you made it this far, well we apologize for wasting your time. You know what is not a waste of time? Getting a quote with McDougall Insurance!

No comments found.
Anonymous User

Leave a Reply

Your email address will not be published.

You Might Want to Read

Do You Need Insurance for an Electric Bike in Ontario?
Before we get into things we should probably clarify what an electric bike or e-bike is! An electric bike is a bicycle that is equipped...
Meet the Dougallers: Erin Recoskie
Meet the Dougallers welcomes Erin Recoskie from our Eganville office! We sat down with Erin to find out a little bit more about what got...
Meet the Dougallers: Curtis Craig
Meet the Dougallers is back with a new employee to our Picton office! Welcome Curtis Craig! We sat down with him to find out a...
Request a Free Quote

It’s simple and won’t take long.

Get a Quote800-361-0941

Person standing, looking down at laptop