The Institutes

’Mission: Impossible 7’ Shutdowns Trigger COVID-19 Insurance Lawsuit

 Tuesday, August 31, 2021

 Variety

Paramount sued its insurer on Monday for refusing to cover the vast majority of its losses due to pandemic-related shutdowns on ‘Mission: Impossible 7.’

According to the suit, the studio’s insurer, Chubb, has said it will pay only $1 million for COVID-19 losses under its ‘civil authority’ policy.

Production was delayed seven times between February 2020 and June 2021, at least six of which were the result of the pandemic.

Paramount had a ‘cast insurance’ policy for the production, with a $100 million coverage limit.

Such insurance is intended to cover losses that result when a film’s key personnel — such as star Tom Cruise or director Christopher McQuarrie — is unavailable due to sickness, death or kidnapping.
Litigation
BROWSE RELATED NEWS ARTICLES

How The Feds’ Pot Plan Could Trigger Home Insurance Claims

 Tuesday, January 9, 2018

 Canadian Underwriter

Kanye’s Latest Act May Trigger Insurance Payout

 Wednesday, November 23, 2016

 TMZ

Adjusters Should Know About Fungi/Bacteria Exclusions

 Tuesday, September 2, 2014

 Property Casualty 360

Colorado flooding triggers oil spills, shutdowns

 Friday, September 20, 2013

 CBS News

Magnitude of insurance claims still almost impossible to measure

 Monday, March 21, 2011

 The Sydney Morning Herald