wine theft News

Court Waxes Shakespearean in Denying Property Insurance Claim for Counterfeit Wine

The California Court of Appeal began and ended its insurance coverage opinion of March 7, 2018 with the Bard’s wisdom. The court clearly got it right in denying property insurance coverage for the victim of counterfeit wine sales, and it …

Spirits Spirited Away Covered by Insurance Despite Policy Exclusions

Travelers insured Warehouse Wine & Spirits, Inc. against risks of direct physical loss, including theft, with certain exceptions. One James Ceseretti stole more than $1 million worth of wine and liquor while he ran a warehouse for Warehouse Wines, where …