What you need to know about Oscar insurance
In 2016, an estimated 8,600 people were killed when an insurance company in Spain’s Canary Islands failed to cover the cost of the Oscar Awards.
A lawsuit filed by the Spanish Civil Guard was settled out of court, but that does not change the fact that many of the victims of the event were left homeless and hungry, the Guardian reported.
In the case of Oscar Awards 2016, the insurers involved were not named.
This year, however, the insurance companies named are Oscar.
It is the first time that Oscar has come forward with the information, and it comes as no surprise to Oscar co-creator and director Guy Ritchie.
“I know how it felt to watch the Oscars last year and I know how awful it was,” Ritchie told the Guardian.
“That was the first year, for me, I was really angry and disappointed that the awards were being given away to the most privileged people in the world.
I think the Oscars have always been for everyone, the rich, the powerful, everyone.
It’s never been about one group or a privileged few.
I mean, that’s why it’s so important for us to be able to see that, in the future, there’s going to be a better system, the right way.”
It is not clear whether Oscar will be paying out for the victims, but the insurance company, AIMSA, will cover the financial loss from Oscar’s loss of revenue.
AIMS, the UK’s leading insurance firm, is the only company to have come forward and provide information about the accident.
According to the company, an accident can happen “under any circumstances”, and the insurance is paid to the injured party.
However, the details of how much the insurance will cover are not public, as the insurance only covers the injured person’s loss.
If the Oscar is going to have to pay for damages, that will be decided by the court, with the insurer not getting involved.
In a statement, Oscar said: “The Oscar Awards are an award that brings together actors, directors, writers, producers and fans from around the world to celebrate the creative achievements of our artists.
Oscar has always been a celebration of people, not just the stars and the rich.
We know the victims who lost their lives at the hands of a system that has a responsibility to protect us.”