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Montana AG Report II 3-11-21

Montana AG Report II 3-11-21
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Crop insurance and farm bill decision

By Chris Bruynis, Extension Educator, Ohio State University Extension The 2021 decision for making the crop insurance and farm bill decisions is all about risk management. With the recent increased crop prices and the volatility in the markets, crop insurance is expected to increase by about 50% to 60% this year compared to last year. So, with crop insurance more expensive and the choice between Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) unclear, the strategy to protect risk exposure becomes more interesting. In this article different strategies are outlined looking at ARC/PLC with Revenue Protection (RP), Supplemental Crop Option (SCO) and Enhanced Coverage Option (ECO).

Time to make protection decisions

Insurance Cases To Watch In 2021

ADVERTISEMENT ADVERTISEMENT Insurance Cases To Watch In 2021 Law360 (January 3, 2021, 12:02 PM EST) Trial and appellate courts across the country will have their hands full in 2021 as they continue to untangle over 1,500 suits filed by businesses seeking coverage for losses during the COVID-19 pandemic, while state high courts will tackle disputes over coverage for ransomware attacks and fraud claims. Here, Law360 breaks down the top cases insurance attorneys will be watching this year. COVID-19 Business Loss Coverage Litigation The COVID-19 pandemic has created an enormous amount of work for attorneys across a wide spectrum of practice areas, and insurance is no exception.

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