Mission Impossible COVID Suit Settled

Paramount Pictures, the studio behind the Mission: Impossible movie franchise, has settled its suit against insurer Chubb Limited regarding losses relating to delays of the production and release of the seventh film in the Mission: Impossible line, “Dead Reckoning Part One” due to COVID.

While details of the settlement are confidential, Paramount filed suit in August 2021 claiming that Chubb offered only $1 million in coverage and alleging that its cast insurance coverage should have been triggered with limits of $100 million. Cast insurance coverage can be triggered when production slowdowns are put in place to protect the health of the principal actors. Chubb took the position that only the civil authority provision of the policy was triggered because the shutdowns were the result of government orders. The studio and insurer also clashed over coverage for the eighth Mission: Impossible film after Chubb notified the studio that the policy would expire on December 31, 2021 and would not be renewed. 
Production of the newest Mission: Impossible film began in February 2020, just before the global shutdown due to COVID disrupted the schedule. Ultimately, the film was put on pause seven times and is now slated for a July 2023 release, two years behind schedule. Read more from Variety here.

This article was submitted by RJ Proie, Taylor DeVore & Padgett PC. If you would like to submit content or write an article for the Insurance Coverage Section, please email Deneen Fitzgerald at dfitzgerald@indybar.org.

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