agribusiness insurance News

Sierra Specialty Launches Nationwide Agribusiness Program

Sierra Specialty has launched an agribusiness program now available in all 50 states. Sierra Specialty has sole authority to underwrite, bind, and issue policies for this program, focusing on the farming and agriculture industry. The program will target a wide …

Sompo Acquires Diversified Crop Insurance, Forms AgriSompo North America

Sompo International Holdings Ltd. (SIH), a Bermuda-based specialty provider of property/casualty insurance and reinsurance, has acquired Lenexa, Kan.-based Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises Inc. (CGB). DCIS and ARMtech, Sompo International’s existing U.S. federally sponsored multi-peril …

Willis Programs Taps Allianz as Carrier for Agribusiness Programs

Willis Programs has partnered with Allianz Global Corporate & Specialty (AGCS) on coverage for its DairyProtector and FeedLotGuard programs. Allianz, a property casualty insurance carrier in the agribusiness industry, will offer an A.M. Best ‘A+’ rated carrier backing to the …

Emerging Risks/Markets Offer New Opportunities: 2017 Predictions, Part 3

Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market knowledge and patience. Providing a heads-up for such …

Chubb Agribusiness Adds Product Withdrawal Coverage

Chubb Agribusiness has added product withdrawal coverage to its package policy for businesses that grow, manufacture, and distribute consumable products. The new coverage insures the expenses as a result of a withdrawal initiated by the insured or a governmental authority. …

40-Plus Structures Burned in Kansas, Oklahoma Wildfire

Officials say a wildfire that burned hundreds of square miles of rural land in Oklahoma and Kansas this week destroyed at least 41 structures in both states. Oklahoma Forestry Services spokeswoman Hannah Anderson says authorities in both states determined 16 …

ACE’s Souza Named Farm, Agribusiness Manager at AAIS

Robin Souza, a veteran agricultural insurance, is the new product manager for farm and agribusiness programs for the American Association of Insurance Services (AAIS). Souza comes to AAIS from ACE Agribusiness. She previously served in agricultural insurance underwriting, loss control …