Delaware Business Insurance Updates From CNC Insurance Associates - 5-13-12

Insurers Of Crops Seeing Worst Underwriting Year Since 1988

 For insurers  2012 was the worst drought in the mid-west in 25 years. For some states, 2012 was record breaking. Extended hot and dry periods that had not been experienced since the mid 1930's. Even now, as we begin 2013 spring and summer, the outlook is still to early to tell. With farmers delaying planting and conditions not improving, insurers are anticipating high claims once again. Claims that will be without a doubt, into the billions of dollars. As for insurers, I'm sure I speak for the majority when I say 2012 was not the best of years when it comes to claims. Well, until next time, be careful out there and know your risks.

 G. Kevin Nemith
President, CNC Insurance Associates

 Proudly serving Delaware, Maryland, Virginia, Pennsylvania, and New Jersey.

 www.cncinsurance.com
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