Live Insurance News

Insurance news from Kenya reveals importance of coverage for herders

April 24, 2014April 22, 2014 H. Cutner

Goat farmers in the African country are finding great benefit in the protection they now have against drought. Kenyan goat herders are now enjoying some very positive insurance news as a drought coverage plan that was developed by professors at Cornell is now starting to prove its worth in protecting them against unpredictable and unavoidable dry weather conditions. For most of the Kenyan farmers who now have the coverage, this is the first time that they have had protection. The last dry season was detrimental to livestock for many Kenyan…

Insurance news includes livestock price pilot

January 30, 2014January 27, 2014 H. Cutner

A new coverage program has now been launched in Canada for hog and cattle producers. A new livestock price coverage program has now been launched in Canada and is now making insurance news headlines as it works to help cattle and hog producers in the western provinces to cope with pricing risks. The program was announced by the federal government and will run for the next four years. This insurance news was unveiled at the Canadian Bull Congress in Alberta, by the federal government and the western provinces. It is…

Crop insurance subsidy limits applauded by reformers

October 17, 2013October 18, 2013 Julie Campbell

Those in favor or restrictions of this nature gave their praise to a U.S. House of Representatives vote. Reformers for the crop insurance subsidy gave their approval to a vote that was held by the U.S. House of Representatives that would require the wealthier growers to have to pay more in order to take part in the federally subsidized program. This is also the first time that an eligibility limit has been placed on this highly expensive program. The federal crop insurance program is already costing the country $9 billion…

Crop insurance products prepared for growers in the Philippines

September 11, 2013September 9, 2013 H. Cutner

The World Bank’s private sector funding arm is working on new protection for farmers. The private sector funding branch of the World Bank, The International Finance Corp. (IFC), is currently working with a number of its partners in order to create new crop insurance products that are meant to provide farmers in the Philippines with protection against the considerable losses that they incur from typhoon damages. It has been estimated that farmers in the country have lost $2.5 billion to damaging weather since 2009. The IFC reported this statistic, last…

Crop insurance report criticizes federal incentives

September 6, 2013September 11, 2013 H. Cutner

An environmental group has released the data which has indicated FCIP’s structure is flawed. A report has just been released by the National Resources Defense Council, which has criticized the very structure of the Federal Crop Insurance Program (FCIP), despite the fact that the payments that the program has been making are vital to the financial survival of farmers across the country. Last year’s drought brought about payments that reached record heights, breaking the $17.3 billion mark. The National Resources Defense Council report contained the results of a study. It…