crop insurance News

Everest Re Selling Crop Insurer Heartland to CGB

Bermuda’s Everest Re Group is selling its U.S. crop insurance company, Heartland Crop Insurance Inc., to CGB Diversified Services Inc., a crop insurance, transportation and storage firm in Illinois. Upon completion of the sale, Everest Re will provide quota share …

Hail Damage Claims from Montana Crops on The Rise

State officials say damage claims for Montana crops due to hail are nearly double what they’ve been in recent years. The Billings Gazette reported the state Department of Agriculture’s Walt Anseth says farmers submitted 200 insurance claims from January to …

North Dakota Storms Cause Widespread Crop, Property Damage

Recent storms that have dropped heavy rain and hail across North Dakota have caused headaches for motorists, farmers and homeowners. Weekend storms caused widespread crop and building damage in the Killdeer area, where hail piled up like snowbanks. Wahpeton got …

Crop Hail Damage Claims on the Rise in Montana

State officials say damage claims for Montana crops due to hail are nearly double what they’ve been in recent years. The Billings Gazette reports the state Department of Agriculture’s Walt Anseth says farmers submitted 200 insurance claims from January to …

Wet Spring Hurts Kentucky Corn, Soybean Farmers

This year’s wet spring season is causing problems for farmers in western Kentucky who are trying to get corn and soybeans planted. The farmers said they have been hurt by the recent series of thunderstorms and torrential rains that have …

Minnesota, Wisconsin Wine Grape Crops Damaged in Cold Snap

Vintners in southern Wisconsin and southeastern Minnesota are reeling from a weekend cold snap that ruined huge swaths of their grapes. Temperatures dipped below freezing in much of those areas late Saturday and early Sunday, wiping out grape shoots that …

Too Much Rain Hampers Mississippi Farmers

Northeast Mississippi farmers have had to replant some of their corn and soybeans more than once because of spring downpours. It’s the third year in a row that farmers have had to fight excess water, Charlie Stokes, the area’s agronomy …

Louisiana Ag Losses from March Flooding Could Top $15M

The agricultural loss from the March flooding across Louisiana could top $15 million, according to an economist with the LSU AgCenter. Kurt Guidry said the loss figures are preliminary, because reports are coming in daily from farmers and producers. Guidry …

Maryland Farmers Encouraged to Consider Crop Insurance

Maryland Secretary of Agriculture Joe Bartenfelder issued a reminder for local farmers that the sales closing date to purchase crop insurance for spring seeded crops and to make changes to policies is March 15. Spring seeded crops include corn, soybeans, …

Risk Accumulation Aggravated Zurich’s Tianjin Port Explosion Losses: Chairman

Zurich Insurance Group AG is fixing how it detects risks after miscommunication among units aggravated losses from a port explosion in China last year, Chairman and acting Chief Executive Officer Tom de Swaan said. “There was accumulation of risk there, which …