Farmers in major payout from Australian insurance first

The first payout under Australia’s first private multi-peril crop insurance (MPCI), underwritten by Allianz, is set to be received by a Queensland farmer after a failed season.

Agricultural insurer Latevo International partnered with Allianz last year to offer the Australia-first program and, according to the ABC, only 29 farmers nationwide took up the offer.

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Publication: Insurance Business Australia
Date: 15 January 2015

By Jordan Lynn