Kanye West has won a major victory with Lloyd’s of London, with the iconic insurance provider reportedly caving in and agreeing to pay most of the claims associated with the rapper’s aborted Saint Pablo tour.
West, 40, launched a lawsuit against Lloyd’s when the company refused to pay the hefty expenses that resulted when the tour was cancelled following an onstage meltdown in late 2016 that led to the rapper being hospitalized for what was later acknowledged to be a mental breakdown.
According to legal documents, West launched the $10-million suit after Lloyd’s balked at covering the expenses, implying that West’s marijuana use may have triggered the breakdown, which they claimed absolved them from paying out the claim. Lloyd’s quickly countersued, claiming to have discovered “substantial irregularities in Mr. West’s medical history.”
However, on Wednesday TMZ reported that Lloyd’s “folded under massive pressure by Kanye’s lawyers and agreed to pay most of what Kanye was due under the policy.”
According to TMZ, lawyers for Lloyd’s ultimately decided that facing off against Yeezy in court was “too risky, especially when faced with a possible huge punitive damages award.”
Lloyd’s, adds TMZ, will now be paying “most” of what West would have been due under the terms of the insurance policy.