New York magazine
Insurance Hollywood Investment Business Image Credit: New York magazine
Insurance Hollywood Investment Business Image Credit: New York magazine

The Rise Of Scandal Insurance In Hollywood

Can you indemnify against dick pics?

Boris Kachka

One month in June, a team of young data researchers gathered in the conference room of a Boston start-up called Spotted Risk to talk about celebrities who’d gotten themselves into trouble. Operations analyst Franki Slattery began the meeting by ticking off a couple of updates: Cuba Gooding Jr. had been arrested for allegedly groping a woman at a bar; soccer star Cristiano Ronaldo’s civil rape lawsuit had been moved to federal court.

Other “disgrace events,” as Slattery called them, were harder to categorize. Rapper Lil Xan had pulled a gun on someone at a 7-Eleven over a dispute about Tupac. “They’ve started describing the situation as ‘assault with a deadly weapon,’ ” rather than the standard gun possession, Slattery said. Also, Lil Xan had used the N-word. “Pardon my ignorance,” said Mira Carbonara, Spotted’s VP of commercialization. “Little whatever-his-name-is? Is he African-American?” He is not, but the ethnicity of the victim was unknown. They agreed to log it as a “hidden risk” for future racism.

In other news, Kim Kardashian was going to sponsor ride shares to ferry former prisoners to job interviews. It would be logged as a “cause,” a positive attribute, but was it also “politically outspoken,” a risk? Carbonara decided to split the difference; it was both a risk and an asset. Also on the agenda: The website All About the Tea h

Continue Reading with Magzter GOLD Subscription

Log in if you're already a subscriber

Continue Reading This Article For FREE By Downloading The Magzter App

Magzter for iOS Magzter for Android

To continue reading on the website, Click here

Get unlimited access to thousands of curated premium story and 5,000+ magazines

Try FREE for 7 days or

Download the Magzter App and
Try FREE for 30 days

More from New York magazine