https://cropinsuranceincanada.org/wp-content/uploads/iStock-564588194.jpg 836 1254 Jon Ostendorff https://cropinsuranceincanada.org/wp-content/uploads/Untitled-1.png Jon Ostendorff2021-11-10 12:32:442021-11-10 12:32:44Final 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.
https://cropinsuranceincanada.org/wp-content/uploads/iStock-813640942.jpg 836 1254 Jon Ostendorff https://cropinsuranceincanada.org/wp-content/uploads/Untitled-1.png Jon Ostendorff2021-11-10 12:29:002021-11-10 12:29:00CCHA 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.
https://cropinsuranceincanada.org/wp-content/uploads/iStock-157374463.jpg 1024 1024 Jon Ostendorff https://cropinsuranceincanada.org/wp-content/uploads/Untitled-1.png Jon Ostendorff2021-09-08 10:01:142021-09-08 10:01:14Severe 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.