Kanye West has settled the longstanding lawsuit against insurance company Lloyd’s of London. The company refused to pay for losses that incurred from the canceled dates on the Saint Pablo Tour. According to TMZ, Lloyd’s claimed that drug and alcohol abuse led to Yeezy’s abrupt cancellations, although the rapper’s legal team refuted the claims. Kanye’s touring company, Very Good Touring, in turn sued Lloyd’s for approximately $10 million. Lloyd’s then counter-sued. In the end, Lloyd’s thought it was too risky to squabble it out with Kanye’s lawyers in court. The two have came to an agreement. According to Pitchfork, an attorney representing West’s Very Good Touring, said that “the matter was amicably resolved.” Photo credit: Getty Images
