California wildfires - the winery industry and the London Cargo Market

The Old Library, Lloyd's
Thursday, 31 January 2019
1:10 pm – 1:55 pm
    • Tiina Ruhlandt, President / CEO, EIMC
  • Marine & Energy lecture

In this IIL marine & energy lecture Tiina Ruhlandt spoke about the winery industry in northern california and its relation to the London Cargo Market. She will then review the 2017 wildfires and resulting losses before concluding with lessons learned.

Tiina started with some background noting that California was the world's 4th largest wine producer and that while Napa and Sonoma county production accounted for less than 10% of the state's overall output, these regions produced some of the most highly prized (and priced!) wines. Tiina explained that as the winery business grew in California the risks associated with the handling, storing and transporting of valuable grapes and wines eventually made their way to the London Cargo Insurance Market. However, in 2017 a series of wildfires damaged or destroyed multiple wineries and caused substantial losses. Tiina concluded with some lessons to be learned, noting that as in all post natural catastrophe situations, the California wildfires created an opportunity to examine best practices for fire loss prevention, response and recovery plans as well as post-loss mitigation.

By the end of this lecture members would have gained an insight into:

  • Why California winery business ends up in the London Cargo Market
  • The physical risks involved in this class of business
  • Lessons learned from 2017 California fires

Chair:
Emma Roadnight, Cargo Underwriter, Antares Managing Agency Limited.

Venue
  • The Old Library, Lloyd's
  • One Lime Street
  • London
  • EC3M 7HA
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Registration & Security

IIL lectures are open to Lloyd's pass holders and CII and PFS/SMP members.
CII members must register online by 10.30am on the day of the lecture.
Lloyd's pass holders do not need to register for lectures held in The Old Library.
All attendees must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport.

Conditions:

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CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.