Crop insurers may merge following subsidy cut, executive says

07/14/2010 | Business Insurance (tiered subscription model)

The federal government's decision to cut crop insurance subsidies by $6 billion will prompt insurers to consolidate and put some carriers out of business, said National Crop Insurance Services chief Bob Parkerson. Crop insurers had to sign an agreement with the government approving the cuts in order to continue receiving subsidies, Parkerson said.

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