More than a dozen operations in Napa Valley are partially or completely destroyed due to the wildfire. The Glass Fire burns more than 66 square miles, damages or destroys over 100 structures, and forces tens of thousands of people to evacuate. One winery loses about 900 bottles of wine valued at $60 to $200 per bottle from the year’s harvest.
“If a winery loses $5 million worth of wine and that stock is not adequately insured, it could face significant challenges paying its growers, operating costs, loans and any other expenses. That kind of shortfall can easily lead to filing for bankruptcy.” –Rich Gobler, Corporate Senior Vice President, Managing Director, Burns & Wilcox, San Francisco, California