Tag: Film insurance

Low independent film insurance availability due to COVID-19 causes struggles

Nordstrom
Independent film insurance - movie set

Major insurers are unwilling to take on the risk of production delays and shutdowns in the pandemic. A lack of easy availability of independent film insurance amid the pandemic has added a new level of challenges to the substantial effort of lining up financing. Finding coverage to cover interruptions as a result of COVID-19 has become painful for these creators. The primary challenge with independent film insurance is that while major insurers are hesitant to sell it, lenders require it. It has made the situation difficult enough that many productions…

Read More

Lack of TV and film insurance could bring Hollywood to a halt next year

Julie Campbell
Film insurance - clapperboard

Without the necessary coverage, movie and television series releases could be few and far between. TV and film insurance coverage availability has plummeted for independent movie and television productions for COVID-19 illness risk. This shift directly threatens the number of new video entertainment to be produced and released in 2021. Insurers and industry experts have joined Hollywood producers in stating that there could be a short supply of new productions for 2021. Thousands of television and movie productions came to a sharp stop around the world in March as the…

Read More

Movie insurance policy could pay Disney $50 million for Carrie Fisher’s death

Julie Campbell
disney movie insurance for star wars carrie fisher

The late actress was going to reprise her role as Princess Leia in more Star Wars movies. Disney may be able to use its movie insurance to receive financial confirmation for Carrie Fisher’s untimely death. The celebrity was on contract with the company to complete three movies in the Star Wars franchise but had completed only two of those films Reports have suggested that the insurance payout for this tragedy could be as much as $50 million. Disney owns the Star Wars franchise and had already filmed two of the…

Read More

Insurance companies may require Harrison Ford to stay on the ground

Julie Campbell
Harrison ford insurance companies

This could be the result of last week’s crash when the actor fell from the sky in his vintage airplane. The entertainment industry insurance companies may require Harrison Ford to remain grounded following the crash that the actor experienced when he experienced engine trouble in his vintage airplane, last week, and sent it into a crash landing on a golf course in Venice, California. Ford is still recovering from moderately serious injuries that he experienced from the crash landing. He was immediately hospitalized after the crash. At the time that…

Read More

Insurance news story develops from Sony’s “The Interview”

Julie Campbell
The Interview - Sony - Insurance News

The entertainment giant could find itself struggling to cover the cost of the massive losses from its film. Although large corporations like Sony need to purchase coverage in order to be able to protect themselves against a tremendous range of different types of risks, an insurance news story is one of the many developing issues resulting from the cancellation of the release of the film called “The Interview.” It has been reported that Sony stands to lose about $100 million as a result of the movie’s cancellation. Sony decided not…

Read More