London | Reuters — Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who insure the insurers, typically renew their 12-month contracts with insurance clients on Jan. 1, giving them the first opportunity to scale […] Read more
Tag Archives insurance
Ship insurers to cancel war cover for Russia, Ukraine from Jan. 1
After Fiona, climate experts urge Canada to fix flagship adaptation strategy
Reuters — Canada’s first national climate adaptation strategy needs to be improved to include near-term targets and specific solutions ahead of its November release to mitigate worsening global warming impacts, experts advising the government told Reuters in the wake of devastation caused by storm Fiona. Fiona, one of the worst storms to ever hit Canada, […] Read more
Feds back poultry disease insurance planning
Three industry organizations have been earmarked for $1.2 million in funding
The federal government has announced $1.2 million for insurance against poultry disease outbreaks as Canada continues its battle with bird flu. Until earlier this month, no new cases of highly pathogenic avian influenza had been found in Canadian domestic birds since June 18. As of Aug. 1, Alberta and Quebec have reported positive flocks. Why […] Read more
High insurance premiums prevent hiring inexperienced AZ drivers
Companies are in need of drivers but can’t find, or afford, to insure drivers
The cost of insuring inexperienced AZ drivers is rising and it’s difficult to find a company willing to insure them. David Buurma, LaSalle Agri Fertilizer owner, recently asked through Facebook for names of farm insurance companies that would insure his AZ drivers that have little to no commercial experience. His question cultivated a flurry of […] Read more
London marine insurers label all Russian waters high risk
London | Reuters — London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed, which is likely to raise the cost of shipping and adds to the logistical pressures on Moscow. Guidance from the Joint War Committee, which comprises syndicate members from the […] Read more
Nexera canola seed to come with heat blast insurance
Corteva's 'Heat Advantage' provides coverage on seed purchased by Oct. 29
Farmers can’t prevent canola flowers from aborting in hot weather resulting in lower yields, but one seed company is providing some insurance against it — as part of the price of the seed. Brevant’s Nexera canola seed comes with a “a first-of-its-kind” insurance policy worth up to $100 an acre to offset yield losses due […] Read more
Manitoba triggers hay disaster benefit
Per-tonne rate lifted to cover feed, transport costs
Manitoba’s crop insurance agency is set to lift the per-tonne rate paid out on insured forage crops to help cover livestock producers’ bills to buy and truck in replacement feed. Manitoba Agricultural Services Corp. (MASC) on Thursday announced a 2021 hay disaster benefit to provide another $44 per tonne, for every tonne below coverage, to […] Read more
Avian flu insurance plan backed for Ontario turkeys
New plan to be mandatory for turkey farmers
Ontario’s turkey producer organization will get federal support to help set up a new mandatory insurance plan to cover costs incurred in any future outbreaks of avian influenza. Southern Ontario MPs Neil Ellis and Tim Louis on Monday announced up to $559,285 in federal funding through the AgriRisk Initiatives: Administrative Capacity Building stream for Turkey […] Read more
Ontario extends fruit, forage insurance premium deadlines
Extension offers 'flexibility,' Agricorp says
Ontario fruit and forage growers who have production insurance premiums due this month will now have until June 30 to pay, the province said Monday. The extended premium payment deadline applies only to production insurance plans for fruit, strawberries and asparagus — and to the forage rainfall insurance plan, which uses rainfall as an indicator […] Read more
Manitoba extends forage insurance survey deadline
Review's face-to-face public meetings cancelled
Manitoba’s provincial review of its relatively under-subscribed crop insurance offerings for forage growers has extended its deadline for grower comment. Manitoba Agricultural Services Corp. (MASC) last week announced it has cancelled all in-person public meetings on its forage insurance review, citing the COVID-19 coronavirus pandemic. But the agency has extended the deadline to take part […] Read more
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