Farm & Ranch
COUNTRY Returning $3 Million In Crop Hail Dividends
COUNTRY Financial will return about $3 million in March to more than 11,000 crop hail policyholders in Illinois.
Policyholders will receive a 22 percent return of the premium they paid in 2010. The amount of each dividend check will vary depending on the amount of crop hail coverage each policyholder had on crops during the 2010 season.
“Although some farmers suffered yield losses this year due to dry soil conditions, we had very few crop hail claims,” says Jeff Gendron, senior vice president of Property and Casualty Operations for COUNTRY. “We are pleased to return a portion of our clients’ crop hail premium. Our continued financial strength makes the dividend return possible.”
COUNTRY is the largest crop hail insurer in Illinois. The company provides crop hail protection to about 4.9 million acres of Illinois crops valued at about $1.8 billion.