Everest Re Group, Ltd. has formed a strategic alliance between its U.S. crop insurance unit, Heartland Crop Insurance, Inc., and Global Ag Risk Solutions (GARS). The new partnership will deliver GARS Production Cost Insurance to farms across the U.S. through Heartland agents.
Utilizing its comprehensive infrastructure and in-depth capabilities, Heartland will provide the Production Cost Insurance product to farming operations across the country. The new Heartland-GARS alliance is effective for business beginning in the 2016 crop year.
According to Wade Shuler, president of Heartland Crop Insurance, Inc., the product provides the American farmer individualized protection specific to their own farm and insures all of a farmer’s variable inputs and a significant portion of their fixed costs as well.
Heartland Crop Insurance, Inc. is part of Everest Re Group, a provider of property and casualty reinsurance and insurance.