Last September, a wildfire tore through one of Dario Sattui’s Napa Valley wineries, destroying millions of dollars in property and equipment, along with 9,000 cases of wine. November brought a second disaster: Mr. Sattui realized the precious crop of cabernet grapes that survived the fire had been ruined by the smoke. There would be no… Continue reading Scorched, Parched and Uninsurable: Climate Change Hits Wine Country
Tag: climate change and wildfires
Weather Conditions Portend Another Destructive Year of Wildfire Losses: AM Best
California wildfires caused more than $4 billion in commercial property losses for insurers in three of the past four years, with the expectation that 2021 fire losses could be even greater, according to a new AM Best report. A new Best’s Special Report, “Weather Conditions Portend Another Destructive Year of Wildfire Losses,” examines the worsening… Continue reading Weather Conditions Portend Another Destructive Year of Wildfire Losses: AM Best