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: production insurance
As Hollywood Reopens, COVID-19 Liability Waivers Proliferate
As many production companies attempt to resume filming, many are asking crews to give up the right to make any claims against them if they get sick with COVID-19. Such liability waivers are being widely used despite many of Hollywood’s entertainment unions cautioning members not to sign them before first getting advice. To sign or… Continue reading As Hollywood Reopens, COVID-19 Liability Waivers Proliferate
Ben Affleck Film ‘Hypnotic’ Producers File Suit Against Chubb Over Pandemic Clause
The producers of the Ben Affleck action film Hypnotic are suing their insurance company over its failure to extend existing production coverage without including a new, pandemic-related clause. Hypnotic, directed by Robert Rodriguez and backed by Solstice Studios and Studio 8, was set to head into production in April. But the project was postponed by… Continue reading Ben Affleck Film ‘Hypnotic’ Producers File Suit Against Chubb Over Pandemic Clause
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