TITLE

Insurer, Agents Groups Slam $6B Proposed Cuts In Crop Insurance Program

AUTHOR(S)
Ruquet, Mark E.; Gusman, Phil
PUB. DATE
June 2010
SOURCE
National Underwriter / P&C;6/14/2010, Vol. 114 Issue 22, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the National Crop Insurance Services (NCIS) has criticized the administration of U.S President Barack Obama and the Department of Agriculture's (USDA) Risk Management Agency's (RMA) proposal to cut the federal crop insurance program by 6 billion dollars. It states that the proposal lowered the expected long-term returns for insurers to 14.5 percent. It also mentions that the proposal of RMA will weaken and cripple the rural economy.
ACCESSION #
51693609

 

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