PROTECTING CANADIAN
FARMLAND

Final report: Hail insurance industry reports near-record claim payments in 2021

The crop hail industry paid out near record payments on the prairies for 2021. Recording more than 12,000 claims, industry payments to prairie producers will total more than $322 million – an amount not seen since 2008. Producer premiums totaled more than $309 million for an industry loss ratio of 104 percent. This loss will impact the balance sheet of most participating companies.

CCHA reports near-record claims in 2021

Extremely damaging storms resulted in near-record claims for farmers across Western Canada in 2021 despite a decrease in overall storm activity, according to the Canadian Crop Hail Association.

Severe late August storms damage crops across Western Canada

A series of severe storms produced hail as large as golf balls, high wind and a tornadic event that damaged crops across Western Canada, according to the Canadian Crop Hail Association.

ABOUT US

The Canadian Crop Hail Association (CCHA) has been serving the crop insurance industry since 1915. It is a member-driven organization that represents the interests of the Canadian Crop Hail managing general agencies and insurance companies. Our companies service agriculture producers in the western prairies. These private and government organizations together provide a risk management tool to the Western Canadian prairie farmer.

Members are Additional Municipal Hail Ltd. (Saskatchewan), Ag Direct Hail Insurance Ltd, Agriculture Financial Services Corporation (Alberta), Canadian Hail Agencies Inc, Co-operative Hail Insurance Company, Manitoba Agricultural Services Corporation Rain and Hail Insurance Service Ltd., New Brunswick Agricultural Insurance Commission and Palliser Insurance Company Ltd.

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