Farm & Ranch
COUNTRY Returning $1.9 Million In Crop Hail Dividends
COUNTRY Financial® will return nearly $2 million in March to more than 10,860 crop hail policyholders in Illinois.
Policyholders will receive a 11.35 percent return of the premium they paid in 2013. The amount of each dividend check will vary depending on the amount of crop hail coverage each policyholder had on crops during the 2013 season.
“Although some farmers suffered heavy rain and flooding this year, we had less hail claims than in previous years,” 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 3.2 million acres of Illinois crops valued at about $2.1 billion.