What We're Reading
“Anxiety Purgatory”: Winery Owners on the Aftermath of Silicon Valley Bank’s Collapse SVB lent $1.4 billion to 400 wine clients, most of whom produce less than 5,000 cases a year. (Beverage Industry Enthusiast) Napa Valley wineries, seeking insurance relief, show steps to lessen wildfire risks In 2017,
“Anxiety Purgatory”: Winery Owners on the Aftermath of Silicon Valley Bank’s Collapse
SVB lent $1.4 billion to 400 wine clients, most of whom produce less than 5,000 cases a year. (Beverage Industry Enthusiast)
Napa Valley wineries, seeking insurance relief, show steps to lessen wildfire risks
In 2017, Chappellet Winery spent $200,000 for $80 million in insurance coverage. After the North Bay wildfires of October 2017, its premium rose to $250,000 for $50 million in coverage. Now, in the aftermath of the 2020 Napa County wildfires that ravaged the Napa Valley, the winery pays $1.2 million for just $25 million of protection. (Napa Valley Register)
WineVit showcases important WSU student and faculty wine science research
WSU research representation was strong at the recent WineVit conference (Morning Ag Clips)