Tom Cruise in the streets of Rome, Italy, while filming the new action movie "Mission: Impossible 7″ on October 13, 2020. (Photo: Gennaro Leonardi/Shutterstock)
Paramount Pictures, the studio behind countless blockbusters, is taking Federal Insurance Co., part of Chubb Ltd., to court over the denial of insurance coverage for losses Paramount claims it suffered due to delays and other interruptions during the filming of "Mission: Impossible 7″ amid the COVID-19 pandemic.
The California Central District Court lawsuit states that the insurer issued a $100 million policy to Paramount that was designed to insure against losses resulting from production delays and interruptions. During the production of the new "Mission: Impossible" film, the studio incurred significant losses due to the "threat posed to covered persons by SARS-CoV-2 and COVID-19, the orders of civil authorities restricting or preventing production from continuing as planned, and Paramount's efforts to reduce or prevent losses that otherwise would be insured under the policy," the complaint reads.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
