March 2022
March 2022
FEATURED STORY
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Lot to Cover
Why the insurance market is changing, how to navigate major property claims, and why the future is complicated for insurers and ski areas alike. In the wake of the Caldor Fire, which scorched upward of 80 percent of Sierra-at-Tahoe’s 2,000 acres in late August 2021, general manager John Rice has been rebuilding the resort and navigating the nuances of Sierra’s insurance coverage. He has found there is no fast track to resolution for a major property claim. And while Rice’s experience is situational, it may be a precursor of things to come for resorts generally. Insurers concede that the market is becoming more complicated—risk is higher (especially in fire-prone areas), claim p...
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