Tag: farmers insurance

Minnesota auto insurance company to refund $315,000 to over 1,600 drivers

Julie Campbell
Minnesota auto insurance company rates

Farmers Insurance Exchange has been accused of unfair pricing practices and is reimbursing affected policyholders. Minnesota auto insurance company, Farmers Insurance Exchange, is responding to accusations of unfair pricing practices with a refund to more than 1,600 drivers in the state. The policyholders affected by the pricing practices in question will be receiving a portion of a $315,000 total amount. The insurer is providing the refunds in response to an investigation into the way it was setting its rates. The Minnesota auto insurance provider underwent a pricing practice examination. The…

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Why New York crop insurance should matter to craft beer enthusiasts

Julie Campbell
New York crop insurance craft beer barley

The state’s industry risks running out of one of its key locally grown ingredients if farmers can’t find coverage. The average person likely doesn’t have much interest in New York crop insurance, believing it to be the business of farmers and politicians. However, a recent development has brought the issue closer to home in a very visible way. Malt barley crops are seen as a risky type of crop for local farmers who hesitate to grow it without coverage. Farmers are reluctant to grow the malt barley crops because of…

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Food truck insurance now available in Utah

Julie Campbell
food truck insurance

Farmers Insurance has launched this new coverage within the state, providing a first for that company. Farmers Insurance has announced the launch of a new food truck insurance coverage. This will provide protection to that type of vehicle and will be available in Utah. It marks the first time the company has stepped into the mobile restaurant coverage business. The food truck marketplace is growing rapidly larger, presenting a considerable opportunity for insurance companies. By way of the new food truck insurance offering, Farmers has started to sell to licensed…

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Crop insurance slashed through legislation for reducing expenses

Julie Campbell
Crop Insurance conservation

Growers may see reduced coverage levels in order to save taxpayers $24.4 billion over a decade. Two state representatives in Wisconsin have now introduced a bill called the Assisting Family Farmers through Insurance Reform Measures (AFFIRM) Act, which will slash crop insurance with the intention of providing taxpayers with savings over the next ten years. In the span of a decade, the insurance coverage cuts will mean $24.4 billion in expenses will be saved. According to farm subsidy program critic, Congressman Ron Kind (D), the crop insurance bill will still…

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Last year saw crop insurance payments plummet

Julie Campbell
crop insurance rules

Since 2014 saw pretty good production throughout the year, the federal program had to make far fewer payouts. In terms of the overall 2014 growing year, the calculations by the Risk Management Agency of the U.S. Department of Agriculture with regards to the federal crop insurance program have shown that last year saw a reduction in payments by 26 percent when compared to the figures from the year before. The agency report showed in 2014, there was a total of $8.8 billion in payments for yield and price loss coverage.…

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