Entertainment Agency’s Creative Artist Agency (CAA) has sued insurance company affiliate FM (AFM) for refusing to cover the business losses associated with the COVID-19 pandemic and subsequent forced shutdown. increase.
In a civil lawsuit filed in the Los Angeles Superior Court, CAA called AFM “malicious” by rejecting claims made by CAA under a broad “all-risk” policy stating that AFM purchased from an insurance company. I blamed it for “rejection”. The CAA also argued that its “all risks” policy was designed to “exactly cover the types of losses” incurred as a result of the pandemic.
The CAA emphasized in a complaint that AFM’s policy “does not include a noticeable, clear and explicit exclusion of loss due to viruses or bacteria.” He also “misunderstood” that the CAA had not suffered “direct physical or property damage” because of the revision of the home order issued by the Mayor of Los Angeles, Eric Garcetti, on April 1, 2021. I blamed the insurance company for taking it. COVID-19 “prone to adhere to the surface for long periods of time, causing physical loss or damage.”
Authorities also explained in the proceedings that AFM’s policy also provided compensation for business interruptions caused by orders from civilian or military authorities blocking access to the establishment.
“Refuses to consider the coverage of CAA’s pandemic-related losses in accordance with provisions other than the coverage of infectious diseases in the AFM policy, and takes the position that CAA does not suffer” direct physical loss or damage “. The business interruption loss associated with claiming the CAA pandemic was excluded under the AFM policy’s pollution exclusion, and AFM violated its obligations under the AFM policy and applicable law, “the complaint said. ..
A talent and sports agency based in Los Angeles seeks compensatory and other damages in proceedings in proceedings. deadline The complaint itself reported that it did not mention the specific amount of compensation.