US crop insurance premiums reach record high in 2022, widespread drought drives losses: AM Best
Reinsurance News - Aug 17, 2023
With US crop insurance premiums reaching a record high in 2022 to $21.5 billion, the segment witnessed an underwriting loss due to challenging growing conditions amid widespread drought, reports AM Best. However, looking back at 2021, insurers reported weaker results, which was due to challenging gr...
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