Canada - Hail-damage claims by Alberta farmers drop in 2017 as fewer severe storms hit province

05.12.2017 352 views

Farmers in Alberta were spared the dramatic and devastating hail storms seen in previous years, resulting in fewer claims for hail damage in 2017, two leading crop insurance groups said Monday.

According to the Canadian Crop Hail Association’s final report for the season, hail damage payments to Alberta farmers dropped 60 per cent this year compared to 2016.

Hail payments from the association dropped to $25 million in 2017 from $60 million in 2016 as storm frequency dipped down about 40 per cent from the five-year average and storm severity decreased by about 25 per cent.

Alberta’s Agriculture Financial Services Corp. paid about $160 million for slightly fewer than 3,000 hail-damage claims in 2017 compared to 2016, when there were 4,500 hail-damage claims worth $306 million.

Daniel Graham, manager of business risk management programs, said having a lighter year helps with the premium loss ratios for the fiscal year.

Farmers hoping that the decline in hail storms may lead to smaller premiums may be disappointed.

“Although it’s been light for one year, it won’t have a large impact on premiums over the long haul,” he said.

“But it’s been a good year when it comes to reduced claims for the 2017 crop.”

Source - http://edmontonjournal.com
12.03.2026

USA - Software vendor sues FCIC after regulators reverse agent compensation rules

The firm alleges it invested nearly $20 million based on federal approvals later reversed.

12.03.2026

Philippines - Eastern Visayas to pilot mangrove insurance program

Hundreds of residents along the coast of Cancabato Bay were saved when Typhoon Yolanda struck this city in November 2013, thanks to a mangrove forest established by a local fishing community.

12.03.2026

India - Farmers fear yield loss after hailstorm in Ajnala villages

Intermittent drizzling accompanied by moderate winds and sporadic hailstorms in parts of the region early Thursday morning led to a noticeable drop in temperature, providing relief from the recent spell of rising heat.

12.03.2026

USA - As strawberry season begins, SC farmers are wary of disease threat that could ruin crops

South Carolina strawberry farmers are approaching spring with cautious optimism.

12.03.2026

Philippines - PCIC: Over 80% of farmers’ insurance claims released within 20 days

The majority of insurance claims of farmers and fishers have been released within the standard 20-day processing period in 2025, according to the Philippine Crop Insurance Corporation (PCIC).

12.03.2026

India - Centre to procure 100% tur dal from farmers in Madhya Pradesh

Union Agriculture Minister Shivraj Singh Chouhan on Thursday approved 100% procurement of tur (pigeon pea) dal from Madhya Pradesh, a move aimed at protecting farmers from any fall in market prices.

11.03.2026

Scaling up crop insurance in Africa for climate resilience and agricultural transformation

As climate change impacts intensify, African economies face increasing exposure to extreme weather events. The World Bank estimates that nearly 18% of the world’s population is at risk from severe weather events from which recovery would be difficult; in Africa, that number is 37%.

11.03.2026

USA - Specialty Crop Losses Outpace Federal Bridge Assistance Funding

The U.S. Department of Agriculture (USDA) is rolling out a new Farmer Bridge Assistance (FBA) program for specialty crops — that is, crops not included in the first $1 billion relief package — but early analysis from Terrain suggests economic losses across the sector far exceed available funding.