The U.K. is inching closer to an insurance arrangement that would allow film and TV production to resume with confidence after the industry emerges from lockdown. Variety has confirmed that a U.K. …
, which goes into effect June 1, covering up to 20% of a film’s budget and operating on a case-by-case basis.Entertainment Industry Leaders Discuss 'Generation Defining' Impact of Coronavirus at NAB Summit
Malcolm Tarling, a spokesperson for the Association of British Insurers, says, “Going forward, if pandemic insurance is going to be widely available for businesses — and that’s businesses large and small, regardless of sector — at affordable premiums, that can only be realistically achieved with some form of government support.”a federal backstop for coronavirus insurance claims
Pan Re would similarly form a membership of various insurers, in association with the government, who are then provided a guarantee ensuring they can provide cover for pandemic-related claims., “It’s going to take a bit of time, as it took some time for it to happen originally. June is probably when we will get more clarity on what that set-up would look like.”
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