Agriculture insurance News

UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks

The UK’s driest start to the year in four decades is threatening the country’s grain crops and increasing the risk of wildfires. Total precipitation of about 20.5 centimeters (8.1 inches) during the first quarter was the lowest since 1985, according …

UK Detects First Case of Bird Flu in a Sheep, Fueling Fears of Spread

Bird flu has been detected in a sheep in northern England, the first known case of its kind in the world, Britain’s government said, adding to the growing list of mammals infected by the disease and fueling fears of a …

Hard Market, High Tech: Agriculture Insurance Adapts

Faced with heightened climate risks and political uncertainties, insurers writing agribusiness and farm and ranch are deploying data analytics and technology as they grapple with a hard market and the need for greater transparency with their agricultural clients. Insurers are …

Drought Leaves Canadian Farmers Unpaid, Reveals Holes in Safety Net

Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in early 2024. He delivered the grain before both companies declared bankruptcy, leaving him short C$165,000 ($113,487.86) they owed. Now Prybylski …

France Steps Up Checks After Foot-and-Mouth Outbreak in Germany

France has reinforced checks for foot-and-mouth disease (FMD) and issued alerts to veterinarians after an outbreak of the highly contagious virus was detected in cattle in Germany last week, prompting trade bans from several countries. France is trying to protect …

Markets/Coverages: BMS Offers Comprehensive Insurance Solution for Wine Producers

BMS Group, the London-based independent specialist insurance and reinsurance broker, announced the launch of BMS Bacchus, a stock-throughput solution designed to protect wine across all stages of production, storage and transit, from harvested grapes to finished product. BMS Bacchus is …

Climate Change, Extreme Weather Bring Challenges to Chablis Wine Country in France

On a brisk late September morning in the heart of Chablis wine country, grape pickers haul large and heavy buckets over their shoulders, drenched in sweat as they climb the very steep slope of the Vau de Vey vineyard. It’s …

Allianz Sees Damages Worth Tens of Millions for German Vineyards

Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insurance claims this year after many vineyards lost their entire harvest to heavy frosts. While mild temperatures earlier in the year helped shoots to develop sooner, …

BMS Australia Launches Agriculture Business

BMS Australia, the London-based specialist insurance and reinsurance broker, announced the launch of its Agriculture business with Ceri Martin appointed to lead the division. The establishment of this new business is part of BMS’ global strategy to deepen its expertise …

China Boosts Farmer Protection With Nationwide Insurance for Major Grains

China’s Finance Ministry on Tuesday announced the nationwide implementation of full-cost insurance and planting income insurance policies for rice, wheat and corn, as part of a food security drive to encourage planting of staple grains. The policy is aimed at …