An Enterprise Approach To Insurance Risk Management

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An Enterprise Approach To Insurance Risk Management

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Over the next 10 years, federal spending on crop insurance is projected to outpace spending on traditional commodity programs by about one-third, which might capture the attention of budget cutters looking for potential sources of savings. Insurance companies, farm groups, and some members of Congress are concerned that additional reductions in federal support will negatively impact the financial health of the crop insurance industry and possibly jeopardize the delivery of crop insurance. A main concern for most is saving federal dollars without adversely affecting farmer participation, policy coverage, or industry interest in selling and servicing crop insurance products to farmers....

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