Agi3’s AI-powered individualized farm insurance products won the business solutions prize in the Innovations Program Awards prior to the Agriculture in Motion farm show in Langham, Saskatchewan.
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Tag Archives insurance
Agi3’s AI-powered individualized farm insurance products win innovation prize
Awards handed out at Ag in Motion 2025
Newcomer First Acre Insurance expands brokers in Ontario
First Acre was founded by mutual insurance companies to serve farmers
The ever-evolving changes within agriculture over the last several decades have outpaced coverage options in the agriculture insurance sector, said First ACre CEO Robin Shuflet.
Insurance costs a rising concern for Ontario farmers
Climate risks, rising replacement costs and reinsurer “hard market” impact premiums
Insurance is a growing concern within Ontario’s farming sector.
Some roof collapses due to snow load not covered by insurance
Insurance companies grappling with how to estimate costs; new building code requirements
Ontario’s farm community endured what seemed like an unprecedented number of structural collapses due to snow load this past winter. Some farmers found out they weren’t insured.
Farm building code updates will drive insurance increases
Companies must replace to full current value after insurable loss, which will be more expensive
An unintended consequence of planned upgrades to Canada’s National Farm Building Code (NFBC) may be higher farm insurance rates.
Agricorp updates coverage for fruit growers
Agricorp says it worked with industry and government to make some improvements to Production Insurance fruit coverage for apple, pear, plum, and strawberry growers, starting with the 2025 growing season. Agricorp says these updates provide fruit growers with more stable, predictable, and flexible options. What’s new: January 1, 2025 is the deadline to apply for […] Read more
Ukraine announces ‘humanitarian corridor’ for other stuck ships
Moscow not yet commenting on plan
Kyiv | Reuters — Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since the outbreak of war, a new test of Russia’s de facto blockade since Moscow abandoned a deal last month to let Kyiv export grain. At least initially, the corridor would apply […] Read more
Insurers seen reviewing Black Sea ship cover after Russia quits deal
Last ship covered under deal left Sunday
London | Reuters — Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit a UN-backed deal that allows the export of grain through a wartime Black Sea safe corridor, industry sources said. The agreement, brokered by Turkey last July, aimed to alleviate a global […] Read more
Insurers covering Ukraine grain corridor shipments for now
More clarity needed soon, Lloyd's exec says
London | Reuters — Insurers continue to cover grain shipments from Ukraine through a United Nations-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The deal allowing the safe wartime export of Ukrainian grain from […] Read more
Nova Scotia to bridge Fiona funding gap for farmers
Provincial program offering up to $400K per farm
Nova Scotia farmers who didn’t qualify for federal disaster financial assistance (DFA) in the wake of Hurricane Fiona last September may be able to get in on a new provincial program instead. The province on Thursday announced $3 million for what it calls the Fiona Agriculture Response Gap Funding program, offering up to $400,000 for […] Read more
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