The consortium of insurers then countersued later that month denying that marijuana usage was the sole basis to deny the claim and citing discrepancies in West's medical history.
Over 20 dates of the tour were cancelled due to West's mental breakdown that saw him being treated at a neuropsychiatric centre.More news: West Bromwich Albion sack chairman John Williams, CEO Martin Goodman
Howard King, West and Very Good Touring's attorney, recently said that the matter has been resolved amicably.
Kanye West has settled his lawsuit with his insurance company.
His behaviour also included pledging his support to then United States presidential candidate Donald Trump and making controversial statements about Jay-Z and Beyonce.More news: The Hays plc (LON:HAS) Receives Buy Rating from Liberum Capital
According to the legal documents, Kanye's Very Good Touring Inc. alleged Lloyd's of London had neither paid nor rejected their claim, which was made just two days after the gigs were cancelled and the 40-year-old musician checked into a psychiatric facility. Lloyd's of London also alleged that there are substantial irregularities in West's medical history that is why the company can not grant him insurance benefits.
A judge in California dismissed the case yesterday after being requested to do so by lawyers from both sides, and also ordered both sides to pay their own fees and costs.
Doctors from UCLA and physicians provided by Lloyd's both concluded that West's medical condition require he not continue with the tour.More news: CI Global Investments Inc. Has $218.90 Million Stake in Microsoft Co. (MSFT)