agricultural insurance News

Losses for Washington from Drought Estimated at $336M

Washington farmers have lost at least $336 million due to the ongoing drought, a figure that is likely to climb as more information becomes available. The Capital Press reported that a state Department of Agriculture report estimated dollar losses for …

Ironshore Acquires Novae Group’s Agricultural Team and Renewal Portfolio    

Bermuda-based Ironshore International announced the acquisition of the reinsurance renewal rights to Novae Group’s global agriculture reinsurance portfolio. The transfer is conditional on Lloyd’s approval and is expected to be completed in November 2015.  Novae’s team of five agriculture reinsurance underwriters will …

Sierra Specialty Launches New Agri-Services Insurance Program

Sierra Specialty has launched a new program that provides general liability & professional liability for agri-services, including agricultural crop spraying; advisors & farm managers; pest & weed applicators & advisors; farm labor contractors; farm machinery operators; and landscape contractors & …

HSB Launches Enhanced Farm Equipment, Machinery Breakdown Coverage

The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has launched a new farm equipment and machinery breakdown coverage with expanded insurance for mobile implements and the precision electronics that control them, among other enhancements. HSB’s …

Crop Of Climate Corps May Bloom in Ag Insurance Landscape

You can still shake your climate moneymaker. Climate change certainly didn’t carry the day in the November elections. It shouldn’t be news to anyone that the topic ushered in few if any victories for those who had it high on …

UFG Launches New Equipment Sales, Rental Product

United Fire Group (UFG) has launched a new equipment sales and rental (ESR) product for agricultural; lawn and garden; industrial, construction or material handling equipment dealers. Using an AAIS product as its foundation, UFG developed several coverage enhancements, including: GAP …

California Almond Farmers Face Tough Choices Amid Drought

With California’s agricultural heartland entrenched in drought, almond farmers are letting orchards dry up and in some cases making the tough call to have their trees torn out of the ground, leaving behind empty fields. In the California’s Central Valley, …

Deep Freeze Damages California Citrus Crop

A weeklong blast of sub-freezing temperatures across California has damaged the state’s $2 billion citrus crop, but it will take several weeks before the extent of the loss is quantified, agricultural industry officials said on Wednesday. The National Weather Service …

Washington Apple Crop Tops $2B in Sales

An apple a day may not keep the doctor away, but it sure lines the pockets of Washington’s apple growers. Apples were worth more than $2 billion to Washington farmers in 2012, the first crop in state history to cross …

Blizzard-Lost Plains Cattle Will Hurt Area Economy

An early October blizzard that killed tens of thousands of cattle in western South Dakota will have a staggering impact on the regional economy, the head of the state Stockgrower’s Association said. The direct economic impact of the cattle loses …