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‘Mission: Impossible 7’ Shutdowns Trigger Covid-19 Insurance Lawsuit
2021-08-30
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.Paramount maintains that the pandemic-related shutdowns should have triggered that provision of the policy, because the shutdowns were intended to protect the cast from getting sick.Chubb, however, has maintained that the Covid shutdowns are covered...