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InsuranceBaru.blogspot.com P&C Files Update

Last Fall, nosotros blogged on Kanye West's wellness issues, specifically every 2d they applied to the cancellation of much of his concert tour schedule. In that post, nosotros noted that Mr West had obviously purchased an insurance policy to embrace that eventuality:

"[H]e's since cancelled the residual of his tour, at a terms of at to the lowest degree $30 million. That's a lot of scratch fifty-fifty for a successful musician, which is why he (reportedly) has an insurance policy that probable covers this variety of situation."

As it turns out, he did, inwards fact, brand that purchase. And the storey might direct keep ended there, but for ane pocket-size problem:

"Kanye West has filed a lawsuit claiming insurers failed to pay nearly $10 ane one m thousand for the singer's canceled Saint Pablo Tour final year."

As an aside, I'm curious nigh the rather substantial discrepancy betwixt the $30 ane one m thousand loss cited inwards the master post, together with the $10 ane one m thousand inwards dispute.

Nevertheless, this is an interesting case: it seems to plough on the Definition of "accidental bodily injury or illness," which existence hospitalized seems to pretty much qualify.

One wonders whether this volition travel settled out of court, or taken to trial. We'll transcend along y'all posted.

[Hat Tip: FoIB Jeff M]

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