Fireman & # 39; s Fund Insurance Co. sued last week The Walt Disney Co. over the extent of COVID-19 business interruptions argues that the insurer must pay the entertainment giant.
According to the lawsuit filed in the Los Angeles State Court, Disney said it is entitled to business interruption coverage under a film / TV producer portfolio policy issued on October 1, 2019, which includes coverage for business closures due to orders from a civilian authority.
The trial of Firefighters Fund Insurance Co. against Walt Disney Co. et al., divide the claims into three categories: "First Wave Claims", "Second Wave Claims" and "Holiday Hiatus Claims."
first wave claims, which arose when film and television productions were closed starting in March 2020, have been or are being resolved under the coverage of the civilian policy of the policy, but Disney and the insurer do not agree on other coverages being applicable. [1
says this led to more suspensions, costs and receivables amounting to approximately $ 10 million in receivables. Disney & Fireman & # 39 ;s Fund does not agree on whether coverage is available according to its coverage role and "imminent danger".
The third category, claiming vacation breaks, refers to the period around Christmas and New Year when the public health authorities in Los Angeles, Atlanta. and London urged, but did not order Disney to extend the holiday by another one to two weeks. Disney claims that coverage is available for these claims under its civil authority coverage.
The trial aims at a declaratory judgment regarding the rights and obligations of firefighters' funds.
Allianz said in a statement, "We can not comment on details of individual damages or pending legal issues. We have worked closely – and continue to work – with our long-standing customer Disney to resolve all valid COVID-19 claims quickly and fairly. We regret that we have not yet reached a mutual agreement on a minority of these allegations concerning the second wave of COVID-19, but we hope that this issue can be resolved quickly with the intervention of the Court. ”
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