Allianz SE, Europe’s largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail production during lockdown. A unit of Allianz, which says it’s the largest insurer of Hollywood studios, has set aside about 488 million euros ($575 million) this year for coronavirus-related claims, with much of that… Continue reading Hollywood Shutdowns Due to COVID to Cost Insurer Millions
Tag: Hollywood insurance
2021 Doesn’t Look Good for Hollywood Films, TV Shows with Insurance Unavailable
Insurers have largely stopped covering independent film and television productions against the risk of COVID-19 illness, a shift that threatens the supply of new entertainment in 2021, Hollywood producers, insurers and industry experts said. Thousands of shoots around the world shut down abruptly in March as the novel coronavirus spread and governments imposed lockdowns. Now… Continue reading 2021 Doesn’t Look Good for Hollywood Films, TV Shows with Insurance Unavailable