Traditionally, claim estimates in crop insurance involve travel, farm visits, joint inspections, and closer interaction with the farmer. But now, with strict health and safety measures in place, these activities are limited. So, what happens when a loss adjuster is unable to visit a farm to verify a claim?
Previous research predicts significant negative yield impacts from warming temperatures, but estimating the effects on yield risk and disentangling the relative causes of these losses remains challenging. Here we present new evidence on these issues by leveraging a unique publicly available dataset consisting of roughly 30,000 county-by-year observations on insurance-based measures of yield risk from 1989–2014 for U.S. corn and soybeans.
As farmers are still picking up the pieces from the derecho that damaged Iowa cropland Aug. 10, crop insurance remained a hot topic well into October. On Oct. 14, Iowa Secretary of Agriculture Mike Naig and USDA Undersecretary Bill Northey held a roundtable discussion in Elberon, Iowa, to answer questions and listen to concerns of area farmers.
Seventeen tobacco farmers have agreed to resolve civil allegations that they violated the False Claims Act, a federal law that prohibits submitting false or fraudulent claims for payment to the government. As part of their civil settlement agreements, all of the defendants admitted that they submitted, or caused to be submitted, false claims to a federally-backed crop insurance program.
The new law regulates relations between insurers and agricultural producers arising in the process of insurance in the agricultural sector, as well as the relations established between them and public authorities in connection with the subsidization of insurance premiums by the state (between the insurer, the policyholder, the beneficiary of the insurance, as well as the state in terms of subsidizing insurance premiums in agriculture).
This summer after the derecho event in Iowa and Illinois, the team at RCIS and Zurich assembled a cadre of 19 people to go out and address the damage claims. In a six day period, the team covered 52,000 acres. What enabled the speed and effectiveness for the RCIS team is their growing use of drones.
Crop insurance premium declined in September this year after recording positive growth in the previous months, possibly due to the lesser number of States participating in PMFBY, the scheme being optional for farmers, and a long delay in claims. The gross direct premium for Agricultural Insurance Corporation of India de-grew by 19.3 per cent in September when compared to a year ago.
A long-term player in the Vietnamese insurance market, Swiss Re is committed to strengthening resilience across farming communities in the country. A first pilot launched in 2011 has paved the way for a new national insurance scheme that has the potential to reach large numbers of the 10 million farming population in Vietnam.
Iprosurv, the UK’s leading aerial survey, inspection and mapping provider, has entered into a partnership with US-based agricultural surveying specialists, Sentera, in a move that will change the way agricultural risks are managed and insured in the UK. The deal sees the full Sentera suite of sensors, software and analytics made available to Iprosurv’s existing fleet of over 400 drones.
News Publications Documents
Agricultural insurance Analitics Australia Canada Canada crop crop insurance crop loss crop losses damage disease drought farmers flood frost Hail India losses News pest Philippines rain Russia Spain Ukraine USA USA АЧС Господдержка Казахстан Молдова Страхование урожая животноводство засуха кукуруза метеообзор озимые потеря урожая почвенная засуха пшеница свиноводство состояние посевов страхование субсидии урожай