HARVEY WEINSTEIN IN A NEW DRAMA WITH HIS INSURERS

Chubb Limited, the lead insurer of disgraced Hollywood film-maker Harvey Weinstein has filed a suit seeking a declaratory judgement that the policies they issued the film-maker doesn’t cover defense costs or damages resulting from sexual assault or sexual harassment lawsuits.

Mr. Weinstein had sought coverage for defense costs, and defense damages under the policies he had purchased from Chubb not knowing that the policies contain various personal and business exclusions barring coverage, Chubb argues.

According to Chubb, the alleged actions by Mr. Weinstein do not constitute an “occurrence” under the policies, also, New York public policy bars coverage for intentional wrongful acts.

Chubb has been the lead insurer of the disgraced mogul and his family since 1994 issuing various policies such as homeowners, fine arts, auto and personal liability insurance.

 

Source- RiskAfrica

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