DECATUR, Ill.--(BUSINESS WIRE)--Mar. 29, 2018-- Crop Risk Services (“CRS”) today announced a value-added service for clients that delivers precision farming capabilities bundled with its federal and private insurance offerings. The new facility will capture agricultural technology driven precision planting records to improve insurance coverage, through mapping advantages over Farm Service Agency (FSA) and more accurate actual production history (APH).
“Our clients understand the promise of technology in production,” said Brian Young, President of Crop Risk Services. “With insurance informed by precision farming data, they’ll see time savings in making claims, record keeping, and auditing. We believe these benefits extend to our agents and adjusters as well.”
Farmers will benefit through potentially higher crop insurance coverage and lower premiums, quicker and more accurate claims, and reduced record keeping during an audit. Crop Risk Services agents are invited to participate in the 2018 pilot now, with the offering extended to all agents and clients for fall 2018 policies. The service utilizes TruAcre Technology’s precision farming capabilities.
Kevin Boeckenstedt, Special Projects Manager, added, “CRS is committed to utilizing emerging technology to bring new capabilities to our clients. This offering builds off an established record of doing so, expanding available capabilities beyond our Aeros solutions, Hail Probability, AgriText, and Unmanned Aerial Vehicle resources.”
About Crop Risk Services
Crop Risk Services is a leading primary crop insurance managing general agent, serving North American farmers with affordable crop income protection. The company is headquartered in Decatur, Illinois with offices in Council Bluffs, Iowa and Chicago, Illinois. Together our employees have over 100 years of combined multi-peril crop insurance (MPCI) experience. The company is a wholly owned subsidiary of Validus Holdings, Ltd.
About Validus Holdings, Ltd.
Validus Holdings, Ltd. (NYSE: VR) is a leading global provider of reinsurance, insurance, and asset management services. Validus companies maintain a worldwide presence with more than 1,000 employees in 17 offices. Learn more at validusholdings.com.
Source: Validus Holdings, Ltd.
Validus Holdings, Ltd.
Charlotte Connerton / Mustafa Riffat