How Climate Risk Is Reshaping Ag Business Insurance Regionally in the U.S.
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How Climate Risk Is Reshaping Ag Business Insurance Regionally in the U.S.
MISSION VIEJO, Calif. — When State Farm announced in March 2023 that it would stop writing new property policies in California, the most consequential effect wasn’t on homeowners. It was on the ag operators who’d carried the same carrier for thirty years and suddenly found no one would write commercial property in their county. Allstate had paused new business the year before. Liberty Mutual followed. By the 2024 renewal cycle, vineyards in Sono…
California Insurance Crisis Impacts Farmers and Ag Businesses
The AgNet News Hour tackled one of the most pressing issues impacting agriculture and rural businesses, California’s worsening insurance crisis, and what it means for farmers already navigating high costs ... Read More The post Insurance Crisis Deepens in California as Ag Industry Faces Rising Costs and Limited Coverage appeared first on AgNet West.
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