Climate Change

Climate Change and the Shifting Landscape in Agribusiness

Sep 13, 2019 / by Rich Pelkofsky posted in Robotics, Issues & Trends, Data & Technology, New/Emerging Risks, Climate Change, Agribusiness, Farm & Ag

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From record heat waves to the coldest of winters, hurricanes, droughts and flooding, it’s no secret that our climate and weather are changing…and changing the agribusiness insurance landscape with it.

In 2018, the California Camp Fire wildfire resulted in more than $16 billion in loss. Flooding in the Midwest resulted in crop contamination from nearby livestock fields. And the crippling cold from two polar vortexes in the last five years caused frozen pipes and burst boilers, leading to property and equipment damage claims.

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