Insight and Intelligence on the Global Facultative Markets

19 May 2012

Attacks resurface over crop reforms

25 June 2010

US crop insurers have reiterated objections to planned revisions to the federal crop (re)insurance programme which is expected to lead to a 20-30 percent decrease in profits for underwriters.

Bob Parkerson, president of the National Crop Insurance Services (NCIS), said that at least two of the 16 insurers in the program have warned that they may be unable to live with the cuts.

He added that brokers will be also be hit hard, with the current commission range of 18-to-20...

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