As previously reported, West canceled the remainder of his dates back in November 2016, with exhaustion reportedly to blame. According to various sources, the veteran rapper was wearing himself too thin, which led to his eventual hospitalization at UCLA.
In his original suit, West claimed Lloyd's failed to pay out his insurance claim despite being informed "with sworn testimony from his primary physician...that [he] suffered a debilitating medical condition that required he not tour."
Per E! News, the lawsuit filed by West alleged breach of contract, as well as breach of good faith and fair dealing. It has since been reported that the lawsuit has now offically been settled.
"More than eight months later, the insurers have neither paid on the multi-million dollar claim nor denied the claim," West's team stated in court documents. "Nor have they provided anything approaching a coherent explanation about why they have not paid, or any indication if they will ever pay or even make a coverage decision."
Per Howard King, the attorney representing West's touring company, the "dispute has been amicably resolved."
Additionally, this week, the new father celebrated the one-year anniversary of the release of the Life of Pablo, as well as broke his lengthy Instagram hiatus during a seven-hour posting spree for Valentine's Day.