Fast & Furious 7 Update: Universal Pursuing $50-Million Insurance Claim [WATCH VIDEO]

By Ambika Thakur | 4 years ago
Fast & Furious 7 Update: Universal Pursuing $50-Million Insurance Claim [WATCH VIDEO]
Fast Five cast (Paul Walker, Vin Diesel, Jordana Brewster, Ludacris & the Rock: Dwayne Johnson) with Natalie Morales for NBC ‘The Today Show’. Date 13 April 2011 Source P1050674 Author Jack Zalium/Wikimedia Commons

It’s hard to put a cost on human life. But, how much can the absence of a main star in a film cost a company? The late Paul Walker‘s absence in “Fast & Furious 7” due to his untimely death has caused Universal Pictures as much as $50 million! Read on for MNG’s “Fast & Furious 7″ update regarding Universal Pictures’ insurance claims.

Allegedly, Universal Pictures is likely to claim$50 million from its insurance in order to finish filming “Fast & Furious 7” sans the late Paul Walker. Walker was killed in a gruesome car crash in Valencia, California on November 30, 2013 while he was in the middle of filming “Fast & Furious 7.”

Universal was left with two options: either scrap the project or start again but they chose wisely to finish the film, using Walker’s brothers Cody and Caleb in combination with computer-generated imagery (CGI) to fill in where Walker would be missed. The process of completing Paul Walker’s un-shot scenes in “Fast and Furious 7” could cost around $50 million on top of the original $200 million budget for the action film.

The Hollywood Reporter notes that Universal is insured for such mishaps, with the delays and added costs now estimated at $50 million (on top of the film’s original budget of $200 million).

The Fireman’s Fund Insurance Company is in fact in the process of working out the details with the studio’s insurance broker, Albert G. Ruben at Aon.

A noteworthy point in all of this is that it would reportedly be the largest insurance claim of its kind in history. Whether Universal Pictures will get paid the hefty $50 million insurance or not is the big question.

Previous notable insurance claims were made for:

  1. $20 million when John Candy died during the filming of “Wagons East,” in 1994
  2. $10-15 million when Robert Downey Jr. broke his ankle during the filming of “Iron Man 3.”

When discussing the addition of Paul Walker’s brothers, Cody and Caleb in “Fast & Furious 7,” with the Walker family in April 2014, the studio finally confirmed the  news of the two Walkers filling in for Paul’s unfinished scenes.

That’s it for the “Fast & Furious 7″ update about Universal Pictures pursuing  a$50-million insurance claim due to Paul Walker’s untimely demise. Keep reading on as we at Movie News Guide (MNG) are coming up with more spoilers and news on “Fast & Furious 7,” soon. You can also click HERE to see pictures of the “Fast and Furious 7” set.

Check out the video below:

[jwplayer mediaid=”18590″]

Photo Source:  Wikimedia Commons/Jack Zalium

About the author

I am an Indian native filled with charm, a sense of humor, style, and a passion for writing. I am an instinctive artist and writing prose and verse since I was 15 years old. I first realized my dreams of becoming a writer at age fourteen and wrote an anthology of Hindi poems. My academic background includes: FDCT ( Fashion Design and Clothing Technology), MA in English, M Sc. in Ecology and Environment Science, and M. Phil. in Sustainable Development. I write on Entertainment, Fashion, Lifestyle, and Sustainable Development.