Why Hollywood Is Facing a COVID-19 Insurance Crisis

Commercial banks are not providing completion bonds without insurance, and traditional insurers aren’t willing to cover losses from COVID-19. Many projects have simply collapsed, while others are exploring outside-the-box solutions. “Things are challenging because the old ways don’t work,” says Kent Hamilton, president of Front Row Insurance. “Some people in some cases are taking the risk — they’ve just gone for it.”

Source: Why Hollywood Is Facing a COVID-19 Insurance Crisis

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