Crop insurance unit at Deere to be sold to Farmers Mutual Hail

crop insurance claims

The largest agricultural machinery company on the planet has agreed to the sale of its coverage business. After having experienced several years of losses, Deer & Co. has now agreed to sell its crop insurance unit to the Iowa based company called Farmers Mutual Hail Insurance Co. This allows the agricultural equipment manufacturer to shed a component of its business that has been quite costly. The sale of the crop insurance involves two of the company’s coverage units. These are: John Deere Risk Protection, and John Deere Insurance Co. The…

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