Insurance Claims And Issues: Crop Insurance

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July 02, 2008

.... Claims Rise Higher and Faster Than Crop Prices.

Recent newspaper articles reflect that an increase in Crop Prices has brought an increase in the number of Crop Insurance Policies sold, but that the number of CatClaims from Tornadoes is rising even faster, potentially draining the financial capacity of Crop Insurance Companies to pay them. See, for example, Ari Levy, "Iowa Storms, Flood to Cause Losses for Crop Insurers (Update 2)" (Bloomberg.com, Monday, June 16, 2008); Erik Holm, "Increase in Tornadoes to Cost Insurers in Quarter (Update 3)" (Bloomberg.com, Friday, June 13, 2008); and see this revealing report which cannot be accessed nor found on Bloomberg.com online at the time of this post, by Ari Levy, "Crop Insurance Sales Surge as Wells Fargo Leads Boom (Update 2)" (Bloomberg.com, Thursday, June 12, 2008).

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Insurance Claims And Issues