Kansas-based Vortex Offers New Weather Insurance Product Offering

Vortex Insurance Agency LLC (Vortex), based in Overland Park, Kan., has added “Drought Shield” to its list of available weather insurance products.

Drought affects a countless number of agriculture related businesses, including hay producers and ranchers, whose livelihood depends on green pastures. Drought Shield provides rain insurance that helps to protect the insured against the financial implications associated with depressed natural rainfall.

Available to all business entities in the United States, Drought Shield uses a rainfall index similar to the USDA Risk Management Agency (RMA) pasture, rangeland, and forage program.

Drought Shield payments are calculated using NOAA CPC Rainfall Index gridded data sets using data provided by the National Oceanic and Atmospheric Administration Climate Prediction Center.

If preferred by the insured, a Drought Shield insurance policy may also be obtained that utilizes data from a local weather station for calculating claim payments.

Policy coverage dates can be any period ranging up to one year and must be purchased at least 15 days prior to the coverage period.

Vortex is owned by MSI GuaranteedWeather LLC (MSI GW), a wholly owned subsidiary of Mitsui Sumitomo Insurance Company Limited, which is part of the Mitsui Sumitomo Insurance Group (MSIG).

Vortex Insurance Agency LLC, www.VortexInsuranceAgency.com.

Topics Kansas