For film fans, all eyes were on Hollywood last night as the annual Oscar Award winners were named. For those of us in the insurance business, every year we also wait for another award, one that doesn't get as much public acclaim: the announcement of the year's riskiest film.
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...and the year's riskiest film is: Salt, a film about a CIA agent (Angela Jolie) accused of being a Russian spy. The pick was made by Fireman's Fund Insurance, who ought to know because they underwrite about 80% of the US film business. This includes providing insurance for a star who liked to do her own stunts to liability for damages at filming locations, and everything in between. According Chad Hemenway's report in PropertyCacualty360, action films are always a pricey proposition -- and films with animals also carry a high degree of risk.
In American Agent & Broker, Melissa Hillebrand offers a fascinating behind-the-scenes look at insurance and film-related risks. And for more on insurance matters, Hollywood style, see our post from 2010: Risk, insurance & the movies.