Farmers receive major payout from Australia’s first multi-peril crop insurance after crops failed

A Queensland farmer is set to receive a $944,000 payout under Australia’s first multi-peril crop insurance, after a failed season.

The Australian company Latevo International partnered with insurer Allianz last year, to offer the program, which was taken up by just 29 farmers nationally.

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Publication: ABC News
Date: 14 January 2015

By Sarina Locke