• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Arrigo Risk Consulting

  • Home
  • About Us
  • Our Services
    • Mediation
    • Consulting
    • Expert Testimony
  • Blog
  • Resources
  • Contact Us

Mobile Menu

Recent Comments

    Crop Insurance News and Analysis – September 30- October 6, 2020 – 2021 Hurricane Insurance Protection – Wind Index

    October 26, 2020 By //  by Kim Arrigo

    On September 30, 2020, the Risk Management Agency issued Product Management Bulletin: PM–20-069, announcing that the Federal Crop Insurance Corporation Board of Directors approved the Hurricane Insurance Protection – Wind Index (HIP-WI) Endorsement, on November 15, 2019, for the 2020 crop year and issued the Hurricane Data Provisions. https://www.rma.usda.gov/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-069; https://www.rma.usda.gov/-/media/RMA/Policies/Hurricane-Insurance-Wind-Index/2021/Hurricane-Insurance-Protection-Wind-Index-Endorsement-21-HIP-WI/Hurricane-Data-Provisions.ashx.

    RMA states that HIP-WI continues to be available for the 2021 crop year for both Catastrophic (CAT) and additional coverage for Common Crop Insurance Policy Basic Provisions policies, when provided in the actuarial documents, in counties located in the vicinity of the Gulf of Mexico and the Atlantic Ocean, as well as Hawaii. The Hurricane Data Provisions documents the procedures for determining the counties where a loss is triggered for HIP-WI.

    On October 6, 2020, RMA issued Product Management Bulletin: PM–20-071, providing the approved counties that have an updated payment flag and triggering event data available. https://www.rma.usda.gov/en/Policy-and-Procedure/Bulletins-and-Memos/2020/PM-20-071.

    The following counties were triggered on September 16, 2020 for payment:

    HurricaneStateCounty
    SallyAlabamaBaldwinEscambiaMonroe
    ClarkeMobileWashington
    FloridaEscambiaSanta RosaOkaloosa
    MississippiGeorgeHarrisonStone
    GreeneJackson 

    ANALYSIS – The Hurricane Data Provisions are technical in nature and involve NOAA published data to establish storm center points, which are mapped, and the maximum distance of the winds extents used to draw circles around the storm center points that are used to establish the counties triggered for losses. This year’s storm season has already produced counties eligible for payment under the HIP-WI.

    All statements made are opinions of the author and are not intended to provide legal opinions or legal advice.

    Filed Under: Blog

    Previous Post: « Crop Insurance News and Analysis – September 25, 2020 – Enhanced Coverage Option
    Next Post: Crop Insurance News and Analysis – October 13, 2020 – Commodity Exchange Price Provisions – Peanuts »

    Primary Sidebar

    Recent Posts

    • Crop Insurance News and Analysis – October 23, 2020 – Final Agency Determination FAD-300, Section 6(d)(1) of the Common Crop Insurance Policy Basic Provisions
    • Crop Insurance News and Analysis – October 15, 2020 – Updated Nursery Crop Insurance Recordkeeping Frequently Asked Questions
    • Crop Insurance News and Analysis – October 13, 2020 – Commodity Exchange Price Provisions – Peanuts
    • Crop Insurance News and Analysis – September 30- October 6, 2020 – 2021 Hurricane Insurance Protection – Wind Index
    • Crop Insurance News and Analysis – September 25, 2020 – Enhanced Coverage Option

    Archives

    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019

    Footer

    CONTACT INFORMATION

    Arrigo Risk Consulting PLLC
    136 W. Dares Beach Rd. #115
    Prince Frederick, MD 20678

    CONTACT US

    PRACTICE AREAS

    • Mediation
    • Consulting
    • Expert Testimony
    • About Us
    • Our Services
      • Mediation
      • Consulting
      • Expert Testimony
    • Blog
    • Resources
    • Contact Us

    Copyright © 2023