Wine Spectator: California Wineries’ Biggest Challenge Might Be Getting InsuranceJuly 30, 2021
Drought, fire and smoke, earthquake, and a deadly pandemic—Northern California wine country has faced a series of calamities worthy of the Old Testament in recent years. But even the Bible doesn’t warn about insurance companies.
Insurance is the latest challenge facing California vintners. After the devastating Glass and LNU Lightning Complex fires of 2020, insurance rates skyrocketed and many wineries are struggling to find coverage they can afford.
For the insurance industry, wine country is just too risky. Insurers absorbed huge losses following the catastrophic 2017 Sonoma Complex fire, which was followed by major fires in 2018 and 2019. Some insurers have now dropped out of California to cut losses. Wine Spectator has the full story.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.