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

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

  Tuesday, August 31st, 2021 Source: 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.

  Read Full Article
SOS Ladder AssistMid-America Catastrophe ServicesNationwide OversprayAll Claims Adjustment Bureau

  Recent Provider Listings

Serving North Carolina, Northern South Carolina & Southern Virginia
North Carolina Adjusters Appraisers Heavy Equipment
Serving Los Angeles & Surrounding Counties
California Accident Investigations Accident Reconstruction Services
Serving the US
National Adjusters Education