Crop Pro Insurance, LLC (“Crop Pro”), a crop insurance Managing General Agency focused on Midwestern crop producers, announced today that it will, in partnership with Technology Insurance Company, Inc. (“TIC”), a subsidiary of AmTrust Financial Services, Inc. (NYSE:AFSI), offer crop insurance through the Federal MPCI program beginning immediately. TIC and Crop Pro have received approval from the Risk Management Agency, a division of the U.S. Department of Agriculture to provide crop insurance policies in conjunction with the Federal Crop Insurance Corporation. This public program provides premium subsidies for qualified farmers as well as reinsurance protection for Approved Insurance Providers, including TIC. The companies will offer named peril, crop hail and other private insurance solutions that are specifically tailored to meet the needs of Midwest crop producers. TIC is rated “A” (Excellent) (Financial Size X) by A.M. Best Company.
Headquartered in Grimes, Iowa, Crop Pro is dedicated to working with farmers and agencies across the Midwest to help maximize farmers’ profitability by providing innovative crop insurance products, opportunities, technology, tools and most importantly excellent service. Crop Pro, which is a subsidiary of TIC, has over 150 years of combined crop insurance expertise to meet the farmers’ and agent’s needs.
“Our roots in risk management run deep. The Crop Pro team understands that developing a risk management plan is not as simple as buying a policy every year, it requires a thorough understanding of each farmer’s unique needs. Crop Pro is on the cutting edge of innovation within the crop insurance industry, developing software that simplifies the analysis of crop insurance plans and enabling farmers and agents to take into consideration marketing plans, market conditions and estimated yields to allow farmers to better utilize their crop insurance policy with their operation” said Billy Rose, Crop Pro’s CEO. Mr. Rose added that “Crop Pro has the financial support of TIC and AmTrust, which have the financial strength, expertise in niche markets and a track record of innovation to support our technology-driven and customer-based approach.”
Crop Pro will begin offering MPCI and named peril products to crop producers in the Midwestern United States immediately.