The state says that Montana farmers who bought hail insurance will be getting a 25 percent refund.
The Montana Hail Board made the decision after reviewing at a recent actuarial report at its annual meeting.
The Montana Department of Agriculture says it issued 1,943 hail insurance policies covering nearly 1.6 million acres during 2011. Agency director Ron de Yong says the program remains strong, allowing for the refund.
The board decided to leave upcoming policy premiums unchanged.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
With Earnings Up and Rates Dropping, Big National Execs Celebrate Florida Reforms 
United Airlines Seeks to End Lawsuit Over Windowless ‘Window Seats’ 
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown 
Authorities in Miami Investigating Death of Passenger on Cruise Ship 
