Keyword
crop insurance
Severe drought expected to cost Alberta $1 billion in insurance payouts
July 23, 2021 by Jason ContantCrop insurance payouts in Alberta will likely reach about $1 billion later this year due to hot, dry weather that is contributing to severe drought conditions, Alberta’s Minister of Agriculture and Forestry said Thursday. “This year’s crop insurance claims will…
Drought ravages crops and pastures across the Prairies
July 19, 2021 Amanda Stephenson - THE CANADIAN PRESSCALGARY – Farmers are calling for emergency disaster relief as drought ravages crops and pastures across the Prairie provinces and beyond. Scorching temperatures and little to no rainfall have left crops in poor condition across wide swaths of Alberta, Saskatchewan…
Why crop insurance won’t come soon enough for these Prairie farmers
November 11, 2019 Bill Graveland - THE CANADIAN PRESSWinter’s icy fingers have touched most of the Prairies since late September, causing havoc and frustration for many farmers trying to get crops off their fields. Dave Reid, who farms near Cremona, northwest of Calgary, estimates 20 to 25 per…
Insurtech platform bridges gaps in agricultural insurance
July 24, 2019 by Jason ContantA Winnipeg-based provider of scalable digital solutions for the agricultural industry has launched what it calls the industry’s first insurtech platform combining field-level data, remote sensing, artificial intelligence-driven models and secure automation technology. The platform creates a “new digital connection…
Cats a significant driver in Everest Re Group’s posting US$639.4 million net loss in 2017 Q3
October 31, 2017 by Canadian UnderwriterLosses from hurricanes Harvey, Irma, Maria (HIM) and the Mexico City earthquake contributed to Everest Re Group, Ltd. posting a US$639.4 million net loss for 2017 Q3 compared to net income of US$295.4 million for the prior-year quarter. For the…
Saskatchewan Party leadership candidate proposes rolling back PST on insurance products
August 30, 2017 by Canadian UnderwriterJeremy Harrison, a candidate for the leadership of the Saskatchewan Party and MLA for Meadow Lake, said on Tuesday that he would roll back the charging of provincial sales tax (PST) to insurance products as announced recently as part of…
2016 was the warmest year on record for the globe, Canadian Prairies experienced one of the “longest and most active storm seasons”: report
August 11, 2017 by Canadian UnderwriterLast year topped 2015 as the warmest year in 137 years of record keeping and marked the third consecutive year of record warmth, the National Oceanic and Atmospheric Administration (NOAA) reported on Thursday. The 27th annual State of the Climate…
Crop insurance coverage levels in Saskatchewan increasing to a record $217 per acre this year
February 23, 2017 by Canadian UnderwriterCrop insurance coverage levels in Saskatchewan are increasing to a record $217 per acre in 2017, up from $216 per acre in 2016. A joint press release from Saskatchewan Crop Insurance Corporation (SCIC) and Agriculture and Agri-Food Canada on Thursday…
Federal investment will help Manitoba farmers predict the effects of flood and drought on farmland
June 13, 2016 by Canadian UnderwriterAgriculture and Agri-Food Canada (AAFC) has announced an investment of more than $1.1 million to develop a hydrology model of Manitoba’s Assiniboine River Basin that will help predict the effects of flooding, excess moisture and extreme drought on agriculture lands.…
As risk of farm losses rise, so too do number of farmers buying crop insurance
May 10, 2016 Ian Bickis - THE CANADIAN PRESSCALGARY – Kelly McIntyre has tilled the soils of northwestern Alberta for more than 30 years, but only this spring did he conclude that he needed crop insurance. “There just seems to be increased risk, more risk all the time,”…