Nationwide: Stronger storms leading to more costly farm insurance claims

The vice president of agribusiness claims for Nationwide Insurance says the frequency and severity of storms are increasing. Nick Anderson says claims data shows wind and hail account for nearly 35% of all farm-related damage annually. “For vehicle insurance, in 2020, the average hail repair from a farm owner perspective averaged about $3400 to $3500.”  […]

The post Nationwide: Stronger storms leading to more costly farm insurance claims appeared first on Brownfield Ag News.

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