Noda insurance

The British government has listened to months of industry lobbying and launched an emergency £500M ($646M) film and TV coronavirus production insurance fund, which could open the floodgates to a backlog of shoots worth an estimated £1BN ($1.3BN). In a massive boost for an industry stricken by the pandemic, trade body Pact announced the insurance solution in a release on Tuesday afternoon. It signals that producers can get back into filming with a safety net, given that the fund will effectively underwrite the cost of productions closing in the event of a second lockdown. Pact, flanked by the BFI and major industry players, has led months of constructive talks with the government over an insurance solution. The discussions have taken longer than hoped due to the unprecedented nature of the intervention and the fact that European Union clearance was required. Related Story Reopening Hollywood: Two Firms Take First Steps Toward COVID-19 Insurance For Indie Industry Desperate … [Read more...] about UK Government Opens Floodgates To Production Restarts By Launching $646M Emergency Covid Insurance Fund

A broad entertainment industry coalition Friday begged Senate leadership to push ahead with Federal aid for pandemic insurance since it’s near impossible to get back to work without it, especially for independent film. Short of something really big — like the public-private Pandemic Risk Insurance Act (PRIA) originally proposed last May by New York Rep. Carolyn Maloney —  a group including the MPA , IFTA , Hollywood guilds and even NASCAR urged a “bridge” solution, similar to dedicated funds set up in other countries like the U.K . “The lack of business insurance coverage for coronavirus pandemic losses is a critical issue for the economy at large, but it is a threshold issue for the continued operation of our industries. Simply put, it is enormously challenging for us to go back to work absent pandemic insurance coverage. Federal legislation is needed to get American workers meaningfully back to work on films, television, and sports productions,” said the letter to … [Read more...] about Coalition Of Hollywood Producers, Guilds Asks Senate For Targeted Pandemic Insurance Relief, And Fast

Almost all shooting of television serials will restart from June 25. The producers' bodies and FWICE have resolved all issues with regards to the terms before they return on set amidst the Novel Coronavirus pandemic. BN Tiwari, President, FWICE said that the producers' bodies have agreed to most of their terms. Some of the terms are as follows: - Each person working on a TV show will get a life insurance cover of Rs 25 lakh. - All payments will be made on monthly basis and pending dues will be cleared as soon as possible. - There will be accommodation facilities for crew members. - No replacement or retrenchment of unit members who were working on a particular set. FilmiBeat sources further revealed that actors and technicians above the age of 65 may not be allowed on set, as it is a central government guideline so Maharashtra cannot change it. We guess actors like superstar Amitabh Bachchan will have to wait till an amendment happens in the age … [Read more...] about Exclusive: TV Shoots Resume With Rs 25 Lakh Insurance Cover For Crew And Monthly Payments

The UK government has published the awaited eligibility criteria and guidelines for its £500M ($646M) film and TV production restart program. The scheme is aimed at helping UK productions that have been suspended and are not able to secure insurance going forward, or are yet to start because of no existing insurance, get back underway before the end of the year. Following industry lobbying, the government committed to an emergency COVID insurance fund back in July. It will be available to compensate productions after they have restarted, and only where costs are then incurred due to delays or abandonment as a result of coronavirus. Among productions that won’t be eligible are news and current affairs, live events broadcasts such as sports or theater or musical screenings, and productions in front of a paying live audience. Related Story UK Producers In Talks With Government To Extend $665M Covid Production Insurance Scheme The program has been set up as a … [Read more...] about UK Publishes Details For $646M Film & TV Production Insurance Restart Scheme

I was mulling a New York Post report that half the employees at The New York Times are afraid to say what they’re thinking when it hit me.  It’s time for Free Speech Insurance. This is nothing like libel insurance, which protects a publisher, and maybe a writer, from defamation claims. Under a Free Speech policy from Mutual of Nowhere, you wouldn’t be allowed to defame, abuse or promise violence against anyone. TJ Ducklo would still be out of a White House job if he threatened to “destroy” a Politico reporter. No claim there. No compensation. But good free speech coverage would pay if you are fired, suspended, banned from professional status or otherwise deprived of income or community standing for voicing a thought that bothers someone else. Related Story Former New York Times Reporter Donald McNeil Responds To Controversy Over Remarks This might be an entirely new thing for insurance. (With a quick Google search, I couldn’t find much beyond a satire … [Read more...] about Free Speech Insurance: An Idea That Could Even Help The Oscars