Industry Analysis & Industry Trends
Despite steep losses incurred in 2012, sharp increases in crop insurance protection in force and strong premium gains in 2011 have driven the performance of the Agricultural Insurance industry in the past five years. Moreover, regulatory changes are anticipated to dictate the industry's performance over the five years to 2019. The 2014 Farm Bill continues to solidify crop insurance as the most important means for farmers to hedge production and price risk. Ultimately, industry revenue is forecast to rise, with consistent increases in the agricultural price index driving up revenue from 2016 onward.... purchase to read more
Industry Report - Industry Locations Chapter
Crop insurers tend to concentrate around the most important agricultural areas in the United States. Industry operators locate close to farmers to improve the efficiency of claims adjusting and processing. However, agricultural insurers also locate close to financial centers, as many industry operators are subsidiaries of larger insurance companies. As a result, most industry establishments can be found in the Southeast, Great Lakes, Mid-Atlantic, West, Southwest and Plains regions of the United States.
The Southeast accounts for an estimated 22.8% of industry establishments. In addition to being an agricultural center, this region is vulnerable to hurricanes and other tropical storms that can damage crops... purchase to read more