Tom Fama, Partner in WSHB's Northern California office, will share his expertise as part of a high-powered panel focused on the impact of a turbulent economy on the construction and insurance industries at the upcoming Annual CLM Construction Conference in Austin, Texas. The panel will present on September 28th at 2:30 p.m. and is entitled, "How the Turbulent Economy is Creating Challenges in Construction and Related Claims." Tom will be presenting alongside highly regarded colleagues, Matt Kovacs of Aon; Ryan Pitterson of Turner Construction Company; and Lee Wright of Tokio Marine HCC.
In this timely and highly relevant session, the panel will lead a conversation centered around the challenges in the housing market, construction industry, and resultant claims caused by significant problems arising from the increasing costs of capital, labor and materials along with slowing demand from consumers with decreased purchase power amid a looming recession as cities continue to recover from the pandemic. In addition, natural disasters and nuclear verdicts have brought decreased capacity, especially in locales such as Florida and California, and resulted in an increasing difficulty to obtain insurance coverage. This is sure to be a must-see session as participants will enjoy the perspectives of an attorney, a builder, a claims adjuster and a broker on these important topics.
In his legal practice, Tom brings his polished litigation skills to complex construction claims counseling and defending the nation's largest home builders against all facets of construction defect and construction accident litigation. He advises home builders against on creative alternative strategies and proposals to litigation that have helped clients avoid multi-million dollar lawsuits. He has been recognized by judges and mediators alike as a creative lawyer that brings practical effective solutions to complex construction situations.
He also focuses on all aspects of real estate including title insurance claims, boundary disputes, easements, mechanic's liens and broker professional liability. Tom regularly counsels clients navigating difficult agency disputes between brokers and sales associates as well as advising brokers on proper disclosures of a sales transaction during escrow. He devotes a significant amount of his practice to counseling real estate brokers in Northern California on emerging areas of exposure in real estate law and guides brokers through the preparation and formation of agency relationships.