Kanye West is suing insurer Lloyd's of London and its affiliates for $10 million after the company failed to pay out claims stemming from a canceled tour.
The hitmaker's company Very Good Touring Inc., submitted a loss claim two days after West was hospitalized, but his company states it has not been paid.
Very Good Touring has now sued Lloyd's of London and its various syndicates for breach of contract and breach of implied covenant of good faith and fair dealing, Us Weekly reported.
"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," reads the lawsuit obtained by The 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," it continues.The lawsuit also alleges the 40-year-old's primary physician provided sworn testimony to the insurance company that West suffered from a debilitating medical condition that would keep him from touring.
A hand-selected doctor by the insurers' also came to the same conclusion, the lawsuit says.
"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 they they're buying peace of mind. The insurers know they're just selling a ticket to the courthouse," King continued.
