POPULAR WINTER VACATION DESTINATION FILES CHAPTER 11 BANKRUPTCY
https://media.zenfs.com/en/thestreet_881/1642ce25144c60c87de171a592e78730
✍️ A ski resort in Wisconsin, Whitecap Mountains Resort, filed for Chapter 11 bankruptcy after a lodge fire left it uninsured and facing significant financial losses.
👉 The resort's lodge fire in 2019 left it without insurance 👉 The resort filed a lawsuit against AXIS Surplus Insurance Co. over insurance coverage 👉 The court ruled in favor of AXIS, stating the cancellation was effective and the resort did not have coverage at the time of the fire 👉 The resort's 2024 season was marred by warm weather, resulting in losses of over $700,000 👉 The resort laid off staff and filed for Chapter 11 bankruptcy on November 19, 2025
-- #DavidDziuban #WhitecapMountainsResort #Wisconsin #Upson #Madison #business
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