A shocking allegation with some credence according to some familiar with big name music contracts. The insurance carrier might be on the hook to not only pay Kanye but also people that he may owe in the event that “accident or illness . . . prevents any Insured Person from appearing or continuing to appear.”
The unnamed source stated that Kanye was to receive approximately $30 million for his appearance at the shows. In addition the venues, sponsors and backers were also expected to make money and now they are out the revenue. These venues could sue Kanye for his cancellation and the money lost for due to the cancellation. His insurance policy would take care of his financial crisis but he is not out of the woods yet. Typically these type of policies have a rider that if the subject had a known pre-existing condition the carrier does not have to pay. Especially if his illness was caused by his “unreasonable or capricious behavior.” An insurance investigation could be launched and Kanye may have to release all his medical records to prove that he is in fact too ill to perform.
Article Appeared @http://rollingout.com/2016/11/25/kanye-west-may-get-huge-payday-cancelled-tour/