U.S. crop insurers have already paid out $822 million in indemnities this season, but it is still far too early to tell how large the industry’s losses will ultimately be, National Crop Insurance Services said on Friday.
The trade group issued the estimate in response to the latest USDA crop report, showing the worst drought in half a century has slashed corn and soybean crops.
Copyright 2026 Reuters. Click for restrictions.
Topics Carriers Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
