Agriculture insurance News

BMS Australia Launches Agriculture Business

BMS Australia, the London-based specialist insurance and reinsurance broker, announced the launch of its Agriculture business with Ceri Martin appointed to lead the division. The establishment of this new business is part of BMS’ global strategy to deepen its expertise …

China Boosts Farmer Protection With Nationwide Insurance for Major Grains

China’s Finance Ministry on Tuesday announced the nationwide implementation of full-cost insurance and planting income insurance policies for rice, wheat and corn, as part of a food security drive to encourage planting of staple grains. The policy is aimed at …

Update: Floods Strand Cows, Damage Crops as Wild Weather Hits Australia

Heavy rains and flooding across Australia’s southern state of Victoria has damaged crops and stranded cattle as a months-long run of wild weather on the nation’s east coast leaves a trail of destruction. Severe storms have lashed Victoria since October, …

Fruit Harvest Faces Ruin After Floods Hit Italy’s Emilia-Romagna

Deadly floods in northern Italy will ravage fruit production in what is normally one of the country’s most bountiful agricultural regions, farm lobby Coldiretti said on Monday. Floods killed 14 people last week in Emilia-Romagna as torrential rain caused more …

UK Orders Poultry Farmers to Take Steps to Stop Spread of Bird Flu

Britain has ordered farmers to enact measures to curb bird flu cases, as the virus spreads in other parts of the world from Europe to the US. The UK government on Monday declared a prevention zone that requires farmers to …

Record Temperatures, Wildfires Wreak Havoc on Europe’s Wineries and Vineyards

In Portugal’s Douro Valley on July 7, a wildfire burned close to Oscar Quevedo’s Quinta da Alegria vineyard. By the middle of the night, flames surrounded it. The vines around the edges, amounting to about a hectare, burned. In his …

Bird Flu Forces Free-Range Chickens Into Lockdown, From Pennsylvania to France

Organic and free-range chickens have been thrown into lockdown. Egg-laying hens that normally have access to the outdoors can no longer roam as freely or feel the sun on their beaks as some U.S. and European farmers temporarily keep flocks …

USDA: New Insurance Policy Will Help Farmers Who Sell Locally

The U.S. Department of Agriculture (USDA) is rolling out a new insurance option specifically for agricultural producers with small farms who sell locally. USDA said the new Micro Farm policy simplifies record keeping and covers post-production costs like washing and …

MS Amlin AG Enters Agriculture Reinsurance Market, Hiring Bektleuov From PartnerRe

MS Amlin AG (MS AAG), the global reinsurer, announced its entry into the agriculture reinsurance market with the hire of Rinat Bektleuov as product group lead underwriter. Bektleuov joined the business in August 2021 and reports directly to Charles Goldie, …

Up to 40% of Losses from Frost Damage at French Vineyards Are Uninsured

PARIS – Frost damage to French vineyards this month could reduce wine production by nearly a third compared with recent years, farm office FranceAgriMer said on Thursday, citing initial estimates from wine producers. The losses, subject to revision as the …