[Webinar] Disaster Matters: Property Insurance and the Wine Industry

November 17th, 9:00 am - 10:30 am PT
Farella Braun + Martel LLP
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Farella Braun + Martel LLP

November 17th, 2021
9:00 AM - 10:30 AM PT

Mortgaged assets, business loans, and lines of credit require insurance protection. The expanding fire season and intense destruction of complex fires has affected all players – winery owners, brokers, insurers, lenders, governments, and land owners, etc. While there are some ways to prepare for worst-case wildfire scenarios, the recent blazes - Tubbs, Nuns, Atlas, Glass - caused fire insurance premiums to skyrocket and insurers to leave the market. Borrowers and financial institutions face difficult conversations as some carriers that covered wineries have withdrawn from the market while others may be limiting the number of wineries they will cover.

Join us for a panel of industry experts and government representatives that will discuss a holistic approach to the problem, and outline the conversations happening regionally and state-wide. Key concepts in the discussion will include:

  • Loan compliance
  • Solutions are one size fits one
  • Liability in catastrophe
  • Legislative fixes
  • Insurance solutions and recommendations

Moderator

Alexis Sinclair
Special Counsel
Farella Braun + Martel

Speakers

Marc Levine
Assemblyman
California's 10th Assembly District

Michael Miiller
Director of Government Relations
California Association of Winegrape Growers

Mike Ryan
Commercial Insurance Broker
InterWest

Jed Taborski
Head of Wine Division
Silicon Valley Bank

EVENT DETAILS

Attendance is complimentary

Event questions? Please contact Margaret Poza at mpoza@fbm.com.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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