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Wednesday, 22 February 2012 - Dodging motorcycle crashes makes a star of movie insurer |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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Oscar hopefuls work around new guidelines Tue, Feb 21 2012 Denzel Washington's "Safe House" grabs box office crown Mon, Feb 20 2012 Italian prison drama wins best film in Berlin Sat, Feb 18 2012 German film eyes the big prize at Berlin festival Fri, Feb 17 2012 Analysis & Opinion Denzel Washington’s ‘Safe House’ grabs box office crown Ekk Deewana Tha: Never-ending nonsense Related Topics Entertainment » Fashion » By Ronald Grover LOS ANGELES | Wed Feb 22, 2012 8:42am EST LOS ANGELES (Reuters) - If Rooney Mara wins an Oscar for her role as a troubled waif in "The Girl with the Dragon Tattoo," it's unlikely she'll thank Paul Holehouse from the stage. Maybe she should. The film, produced by Sony Pictures, might never have been made without Holehouse giving his approval. Holehouse, the senior risk consultant for Fireman's Fund Insurance, huddled with the "Dragon Tattoo" producers to change scenes in which Mara rode a motorcycle, a key element of the movie. Stunt doubles were added and scenes rewritten on the suggestion of Holehouse. Like a house or car, films need to be insured against a star's injury, the destruction of the set and all manner of disasters that can befall a production. Fireman's Fund, which says it insures 85 percent of Hollywood's filmmaking, wrote policies for four of this year's Best Film nominees - "Moneyball," The Artist," "Hugo" and "Extremely Loud & Incredibly Close." "Insurance policies are the only guarantee that a film can get completed for those involved in financing a movie, including foreign purchases, the banks, the studio and all others," said Ryan Kavanaugh, chief executive officer of Relativity Media, which has insured many of its films with Fireman's Fund. "Fireman's is one of the few parities who provide this kind of necessary insurance." Not every film needs a dramatic fix. Fireman's Fund didn't insist on changes to last year's Oscar winner, "The King's Speech," said Holehouse. And none of this year's best film nominees needed heavy rewrites. When pressed by Holehouse and other risk assessors, film producers usually make the changes because insurance isn't cheap. Premiums can run as high as 2 percent of a film's budget, according to studio bosses. That can cost $3 million for a film like Martin Scorsese's "Hugo," with had an estimated $150 million budget. Premiums go much higher for car chases scenes, explosions or any risky maneuvers that catch Holehouse's eye. Holehouse, a 15-year Fireman's veteran who headed Universal Picture's risk management unit for 12 years, learned first hand the horrors of movie risks run amok while a consultant on Universal's 1995 Kevin Costner film "Waterworld." That movie famously went over its $100 million budget due to several calamities that included the destruction of its set in a storm off the coast of Hawaii. Today, Holehouse and Fireman Fund's other risk assessors spend weeks with producers, special effects managers, technical crew and others involved in production before the first camera rolls, especially the riskier ones. For the 2007 special effects-filled film "Next," starring Nicolas Cage, Holehouse spent weeks trekking daily to the bottom of Grand Canyon where many of the action scenes were filmed. In addition to accidents to the cast, Holehouse also watched for possible dangers to the wildlife or the environment . By the time the cameras began rolling on the reptile-filled 2006 film "Snakes on a Plane," Holehouse said he made sure that Samuel L. Jackson's slithering co-stars were either garden snakes or defanged. "And there were a lot of rubber ones, too," he added. Holehouse also serves as consultant on cushier gigs - this year's Grammy Awards, Super Bowls and the Lollapalooza music festival. But when the Oscar telecast begins on February 26. he will be at home watching on TV, instead of on stage alongside the producers of a film he may very well have helped get there. (Reporting By Ronald Grover; Editing by Bob Tourtellotte) Entertainment Fashion Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap Finally, Somebody Likes the Madonna Movie: Costume Designers Give 'W.E.' Top Award 2:38am EST "W.E.," "The Girl With the Dragon Tattoo" and "Harry Potter" take CDG's film awards; "Boardwalk Empire," "Glee" and "Downton Abbey" win for TV Comcast Makes Good on Diversity Promise -- Will It Pay? 21 Feb 2012 Latino and African-American audiences are growing, but underserved, meaning the cable giant's bet could pay off in a big way 'Hunger Games' Onslaught Begins With Advance Ticket Sales and Mall Tour 21 Feb 2012 Lionsgate sends the "Hunger Games" stars on a weeklong spree through the nation' shopping centers to pump up the hype for its film based on Suzanne Collins' trilogy Chieftains Get the T Bone Burnett Treatment on Guest-Filled Anniversary Album 21 Feb 2012 Fresh from the Grammys, Bon Iver and the Civil Wars are among the drop-ins deferring to the Chieftains' traditional style on a 50th anniversary album   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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