Author: H. Cutner

New crop insurance program to protect Indian farmers from cost of damage

H. Cutner
Crop Insurance

The new strategy will be launched early in 2016 and will use technology to assess damage to fields. In what might turn out to be the first major step taken by Indian Prime Minister Narendra Modi in addressing rural struggles, a crop insurance program is set to launch in early 2016 in order to help to protect farmers against the costs of damage to their fields and, therefore, their revenues. The program will use technology such as drones in order to conduct more accurate damage assessments. Over the last few…

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Zurich insurance company reveals a new tactic in $1 billion deal

H. Cutner
zurich insurance company logo

The insurer that suffered striking losses last year and backed out of potential agreements has a new strategy. The Zurich insurance company has now come up with a new strategy to help to recover from a rough period throughout 2014 to 2015 and has revealed that it intends to spend over $1 billion in the purchase of an American agricultural insurer. This is a component of the insurer’s new strategy for acquisitions after having stepped back from RSA in the U.K. Earlier in December, the insurance company’s CEO chose to…

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New Mexico gives residents a nudge for health insurance

H. Cutner
Capital Building Santa Fe New Mexico health insurance

As the deadline rapidly approaches, the state has been reminding residents that they should act quickly. New Mexico has been reminding people who have not yet purchased their health insurance that they should head to the state exchange if they want to be sure they’ve bought their coverage in time for the first deadline on December 15. For people who want their coverage to start on January 1, 2016, they need to buy a health plan by Tuesday. The final deadline for the open enrollment period is going to be…

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Worldwide property and casualty insurance market to break $895 billion in 2018

H. Cutner
Property and Casualty Insurance

Finnacord has now released the results of a research study looking into the future of the commercial P&C market. According to the outcomes of a research study conducted by the Finaccord financial research firm, by the close of the year 2018, the global commercial property and casualty insurance market will break the $895 billion mark in gross written premiums. It also pointed out that commercial liability coverage premiums would see the fastest growth rate. By the end of 2014, the worldwide commercial non-life premiums for property and casualty insurance were…

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Cutting the crop insurance subsidies is proving to be challenging

H. Cutner
crop insurance rules

It is now expected that part of the reductions in subsidized coverage for growers will be repealed. Back in April, Republicans in Congress formed a new agreement in order to move ahead on a plan that was designed to create a savings of $5 trillion over the next ten years, and reductions in crop insurance subsidies were a part of this effort to balance the budget at the end of that time. However, as time has passed and the practical side of these insurance subsidy decreases plays out, it may…

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