Kanye West Settles $10 Million Canceled Tour Lawsuit

Photo Credit: Jeff Kravitz/FilmMagic

Kanye just scored a late victory.

Kanye Westhas now settled his lawsuit against insurance market Lloyd's of London, which refused to pay out on the rapper's insurance policy after he experienced a mental breakdown and canceled several Saint Pablo tour dates in 2016.

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According to TMZ, Ye's touring company, Very Good Touring, had sued for $10 million after Lloyd's refused to pay because it claimed the breakdown was triggered by Kanye's alleged use of marijuana. Lloyd's claimed drug use was an exclusion under the policy, though West's breakdown was reportedly triggered by a mental condition, not drug use.

After added pressure from lawyers, Lloyd's may have ended up facing a large punitive damages award and recanted, agreeing to pay a signifiant portion of what West was due under the policy.

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A similar fight with the London insurance market reportedly ensued when actor Heath Ledger died in 2008. Lloyd's initially refused to pay his daughter under the policy, but eventually conceded.