The producers of a planned thriller starring Ben Affleck, whose production start date in April was postponed due to COVID-19, sued a Chubb Ltd. unit on Wednesday for refusing to extend its insurance coverage to accommodate the delay.
Los Angeles-based Hoosegow (Hypnotic) Productions Inc. had a producer risk policy with the Chubb Ltd. unit Chubb National to cover the production of the movie "Hypnotic", according to the lawsuit Hoosegow (Hypnotic) Productions Inc. vs. Chubb National Insurance Co. filed in the U.S. District Court in Los Angeles.
The policy, which expires in October, provides $ 58 million in production media coverage per event, $ 58 million in media hazards coverage per occurrence and $ 58 million in declared person coverage per event, in addition to other coverage, according to the complaint.
After production closed due to the pandemic, Hoosegow tried to extend the coverage expiration date, but Chubb "categorically" refused to do so, according to the complaint.
Instead, it said it would provide coverage "with a significant reduction in insurance coverage," including the addition of an exemption applicable to COVID-1
The complaint accuses Chubb of claims including breach of contract, torture, breach of the implied good faith and fair trade agreement, fraud and negligent misrepresentation.
The insurer said in a statement: “As a matter of policy, Chubb does not comment on ongoing legal significance. ”
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