multiperil policy News

As Harvest Losses Continue, German Farmers Seek Insurance Subsidy

Germany’s 2020 grain harvest will fall below average for the third year in a row as farmers grapple with extreme weather conditions, the DBV farmer’s association said on Tuesday. The grain harvest this year is expected to amount to 42.4 …

ACE Launches Agriculture P&C Business

The ACE Group has formed ACE Agribusiness, an agriculture property and casualty insurance business. ACE Agribusiness is comprised of Penn Millers Insurance Co., acquired by ACE in 2011, and the Farm and Ranch division of Rain and Hail Insurance Service, …

Senate Bill Would Set Wind-Vs.-Water Insurance Claim Formula

A U.S. senator from Mississippi is introducing a bill that tries to resolve wind-versus-water insurance disputes for structures wiped out by hurricanes. Republican Roger Wicker said that his bill would establish a formula to determine how much property loss is …