$10million insurance claim from Kanye West in dispute

$10million insurance claim from Kanye West in dispute

$10million insurance claim from Kanye West in dispute

"Kanye West abruptly canceled his Saint Pablo tour late previous year, but when touring insurer Lloyd's Of London refused to pay out West's insurance claim for the canceled tour, he filed a lawsuit for "$9.8 million plus interest".

Several Lloyd's of London insurers are counter-suing Kanye West, alleging representatives for the rapper's company, Very Good Touring (VGT), "wilfully concealed and or misrepresented relevant facts" in an effort to thwart underwriters' investigation into the partial cancellation of his Saint Pablo tour.

Clause eight in the contract states that the insurance does not apply in the case that the star not showing up on stage is caused by 'the possession or use of illegal drugs when not taken as medically prescribed, the consumption of alcohol, ' and other similarly irresponsible choices.

West ended the Saint Pablo tour in November 2016 and checked into a psychiatric center at UCLA.

He had made controversial statements on stage about Jay-Z and Beyonce and pledged his support to then-presidential candidate Donald Trump.

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Lloyd's of London is countersuing the rapper Kanye West over allegations that they used his alleged drug habit to avoid paying out on a medical claim.

Kanye West is being counter-sued by a United Kingdom firm over claims the company owes him $10 million (£7.6 million) in insurance payouts.

The insurer didn't reveal exactly what it uncovered in its investigation saying that they were omitting reference to specific info to protect Mr.West's private life details. "Furthermore the insured's failure to cooperate in Underwriters' investigation is contrary to the duties of cooperation VGT agreed to as a condition precedent to any obligation of Underwriters to pay any claim arising under the Policies".

Lloyd's want "further relief" and have demanded a trial by jury despite an independent examiner confirming that West was unable to continue with the tour.

When West filed his litigation, his lawyer Howard King said that insurers like those trading via Lloyd's Of London have business models that thrive "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".

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