Kanye West files $10 Million lawsuit against Lloyd's of London for non payment

admin's picture
Kanye West

Scribe:  N. Tru Bass

Email:  ntb@thethinkering.com

 

Kanye West’s company is suing Lloyds of London for $10 million for stalling on paying claims from the canceled Saint Pablo tour.  Lloyds has not yet said whether or not they would ever make a payout on the tour that was canceled because of medical reasons.  Which landed West in the UCLA psychiatric center after suffering a mental breakdown. 

The rapper suddenly ended two shows during the tour after unusual rants about friends and making incoherent statements on stage.  According to reports Lloyds of London has declined to comment on the situation, but experts speculate they are looking for a reason not to make the pay out, and are prematurely citing West’s marijuana use. 

Court documents also suggests that insurers “purposely and maliciously” spread private information to undermine West to the press and public to avoid having to pay the claim.  West’s primary care physician oversaw his treatment at the medical center and admitted he “suffered a debilitating medical condition requiring that he no continue the tour.”

Lloyd’s of London is apparently not satisfied with the doctor’s testimony.  The suit says their business model thrives on conducting unending investigations of bonafide coverage requests, stalling payment, and delivering flimsy excuses.   The document 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."

In recent months West pledged allegiance to Donald Trump in a surprising twists of revelations. 

Lloyd's of London is generally known simply as Lloyd's, is an insurance market located in the City of London, which exists inside London. Unlike most of its competitors in the industry, it is not an insurance company. Rather, Lloyd's is a corporate body governed by the Lloyd's Act of 1871 and subsequent Acts of Parliament and operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk. These underwriters, or "members", are a collection of both corporations and private individuals." this according to organizations information. 

Rate this article: 
Average: 5 (5 votes)

Comments

Awesome News source! 

Add new comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

PHP code

  • You may post PHP code. You should include <?php ?> tags.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
1 + 2 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
Real Time Web Analytics