RCIS to share insights on issues important to Ag community during 2017 Farm Journal Midwest Crop Tour
Schaumburg, Ill., August 17, 2017
RCIS claims adjusters among scouts evaluating corn and soybean conditions from the field
Zurich American Insurance Company (Zurich) today announced that its crop insurance business, Rural Community Insurance Services (RCIS), will serve as the exclusive crop insurance sponsor of the Midwest Crop Tour for the 8th consecutive year. RCIS is planning to share its knowledge and insights of crops and crop insurance during the 2017 Farm Journal Midwest Crop Tour, which runs from Aug. 21 – 24 in seven Midwestern states: Illinois, Indiana, Iowa, Minnesota, Nebraska, Ohio and South Dakota.
“The Farm Journal Midwest Crop Tour showcases the great value the agriculture industry brings to the American economy,” said Mike Day, head of RCIS for Zurich North America. “We participate in the crop tour because, at RCIS, we think it is important for us to share our unique insights and help keep crop insurance affordable, available, and viable.”
During the tour, RCIS will encourage farmers to make their voices heard in Washington D.C. With the federal farm bill reauthorization underway, the crop tour presents a timely opportunity to encourage the farming community to raise its collective voice on the importance of the federal crop insurance program - not just for farmers but for taxpayers and communities overall. Private sector delivery of federal crop insurance policies help support jobs across rural America and is valued by lenders and rural businesses for the financial stability it provides. RCIS insures more than 130 types of crops through federal crop programs.
“In this challenging farm economy, crop insurance is more important than ever,” Day added. “In the next farm bill, crop insurance should remain affordable and effective for farmers and ranchers of all sizes, crops, and regions, and viable for private sector providers to deliver.”
Also during the tour, 26 RCIS crop adjusters will be among 100 plus tour scouts out in the fields collecting field samples and analyzing corn and soybean crops in each of the state tour locations. The analysis will be an important component to Pro Farmer’s annual crop production estimates to be released Friday, August 25. Corn and soybeans from the tour’s seven states account for more than 60 percent of the total corn and soybean production in the U.S., according to RCIS data.
“Our crop claims adjusters know crops and so it is fitting that they will be joining other scouts and sharing their knowledge in the fields along the tour routes,” said Day.
Additionally, RCIS will showcase new initiatives to improve both the farmer and agent experiences. New Rural Community Insurance Services® “named peril” private coverage options were added in 2017 to help producers cover greater levels of revenue risk not covered by federal crop insurance.
Coverages include Added Revenue Price Option (ARPO) available on corn and soybeans in 16 states and on spring wheat in three states for 2017; and Revenue Protection Policy (RPP) available on corn and soybeans in 14 states for the 2017 crop year. These coverage options are expected to be expanded in 2018.
The new revenue products are among the initiatives rolled out by RCIS since it became a business unit of Zurich in 2016. Last year, RCIS implemented a Digital Signature Service for Claims tool, a timesaving service that allows farmers to sign claims without having to schedule an appointment and interrupt their farm work.
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 54,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.
In North America, Zurich is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors through the individual member companies of Zurich in North America, including Zurich American Insurance Company. Life insurance and disability coverage issued in the United States in all states except New York is issued by Zurich American Life Insurance Company, an Illinois domestic life insurance company. In New York, life insurance and disability coverage is issued by Zurich American Life Insurance Company of New York, a New York domestic life insurance company. For more information about the products and services it offers and people Zurich employs around the world go to www.zurichna.com. 2012 marked Zurich's 100-year anniversary of insuring America and the success of its customers, shareholders and employees.