Agroinsurance

Malaysia - Tambunan farmers suffer crop damage as river overflows

Continuous heavy rain sparked a flash flood in Kampung Kuala Namadan on Monday afternoon after Sungai Pegalan overflowed its banks.

USA - Tropical Storm Arthur caused over $112M in agriculture damages

Tropical Storm Arthur caused over $112 million in agriculture and infrastructure damage to many parts of central Louisiana.

India - Weather-based crop insurance scheme in Dakshina Kannada

The scheme, jointly sponsored by the Central and Karnataka governments, provides insurance cover to farmers against crop losses caused by adverse weather conditions such as deficient or excess rainfall and other notified weather-related risks.

USA - Insured Acres, Base Acres, and the Farm Bill’s Crop Risk Assistance

The US farm bill crop safety net targets two risks. Crop insurance targets production-period low yield and revenue risk.

Fires in Spain today, August 3: Fermoselle remains active while the large summer fires improve

The map of the wildfires in Spain leaves this Monday a situation much more favorable than that experienced during the last days of July, although emergency services maintain a wide deployment in several points of the country.

India - Odisha announces Rs 110 crore flood relief package for affected families

Odisha Chief Minister Mohan Charan Majhi Monday announced an initial assistance package of Rs 110 crore for flood-affected people as the state government launched a survey to assess the damage caused by the calamity in which at least six people were killed and 3,567 houses damaged.

USA - Lightning caused wildfire burns 100 acres causing thousands of dollars of crop loss

After an intense thunderstorm passed through eastern Idaho Thursday evening, sparking a fast-moving wildfire, fire crews have brought the blaze under control.

Italy’s plum supply plunges after hail and heat wipe out up to 80% of crops

European plum buyers are facing tighter supplies and significantly higher prices after violent hailstorms, strong winds and extreme heat caused severe crop losses across several key production regions.

India - Tripura launches first livestock insurance scheme; govt to bear 85% premium, cover up to Rs 50,000

Tripura has introduced its first-ever livestock insurance scheme, under which the government will bear 85 per cent of the premium cost, while livestock farmers will have to pay only the remaining 15 per cent, Animal Resources Development Minister Sudhangshu Das said.

USA - Cyclospora Outbreak Tanks Lettuce Demand and Forces Crop Destruction

A nationwide cyclospora outbreak has severely reduced American consumer demand for fresh greens, forcing some major agricultural producers to destroy healthy crops while driving a surge in business for small local farms as thousands fall ill across the country.

Hanover losses spotlighted in Lloyd’s study on Caribbean insurance gaps

A study commissioned by Lloyd’s, the London-based insurance and reinsurance marketplace, found that farmers, fishers and tourism workers in three hurricane-exposed Caribbean countries — Jamaica, Barbados and Grenada — are left to replace lost boats, crops, livestock and equipment themselves because they lack insurance.

French wine industry could face struggle after fire damage ruins crops

Wildfires in France have caused damage to homes, businesses and forests, and now they threaten to damage the French wine industry.

Half of England declared in drought as insurers face exposure beyond subsidence

Record payouts, repeat drought conditions and ageing housing stock are reshaping how property insurers approach renewal risk.

India - Poor rainfall, white grub infestation threaten sugarcane crop across Dharmapuri

Farmers fear heavy crop losses as drought and white grub attacks dry up and rot sugarcane fields, prompting demands for pest-resistant, drought-tolerant varieties.

Rokstone Agriculture expands livestock offering with new $20m AXA XL capacity agreement

Rokstone, an international specialty re/insurance managing general agent (MGA), has announced that its Agriculture division has entered into a new capacity agreement with AXA XL, introducing an excess livestock risks facility with limits of up to USD $20 million.