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The Fun Side of the Insurance Business.
March 25, 2012
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Not all things are created equal. And some things are just more "fun" than others. To the outsider, insuring Hollywood certainly would seem to fall into that "fun" category as <a href="http://www.nytimes.com/2012/03/25/business/insuring-hollywood-against-falls-but-not-flops.html?_r=1&ref=business">this article</a> in today's NYT makes clear. Of course, as we all know, things are never quite what they seem as poor underwriting decisions (e.g. failing to ask the right questions) and commercial realities can conspire to make claims "payable upon receipt" as opposed to the subject of a detailed and strenuous claims analysis. Hats off to Hollywood indeed.
For more information about this post, please contact Bob Cosgrove at rcosgrove@wcmlaw.com.