film production insurance News

How SpottedRisk and TigerRisk Tamed ‘Live Cat’ COVID Event for Entertainment Insureds

In the early months of the pandemic last year, brokers just couldn’t place insurance for the entertainment industry. In late February 2020, underwriters began excluding communicable disease from all of the underlying production insurance policies. No insurer wanted to touch …

Independent Film Productions Shut Down as Virus Insurance Is Hard to Find

For independent filmmakers, the Covid-19 pandemic has added a new hurdle to the already challenging task of lining up financing: finding insurance to cover virus-related interruptions. Lenders are demanding it, and it’s tough to get. So tough, in fact, that …

For Entertainment Insurance Specialists, Coronavirus Intermission Is Looking Long

The entertainment industry is prepping for its return to work after a near total shutdown from COVID-19. For the entertainment industry and the insurance brokers serving this sector, what that return to work will look is still out of camera …

New Online Weather Insurance Program Available from Abacus Insurance Brokers

Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has launched an online weather insurance program. The program provides weather insurance on a national basis through an “A” rated, admitted carrier. The offering includes …

Lloyd’s Syndicate ProSight Launches Innovative Independent Film Coverage

Lloyd’s Syndicate ProSight 1110 is offering independent film makers’ insurance to cover mishaps during filming, as well as failure to complete a film on time and on budget. It is the “first insurer to offer both covers in one combined …

Insurance Plays Key Supporting Role in Movies

Americans love movies, and they showed it by purchasing 1.2 billion tickets worth about $10.2 billion at the box office last year. That, of course, means big business for companies that are willing to insure the risks behind these productions. …