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.