Rain and Hail, a division of Chubb's agriculture business, a crop insurance franchise in the U.S., signed a multi-year agreement with Bushel™, the grain industry's first software platform that allows grain elevators, cooperatives and ethanol plants to connect with their growers digitally, providing them with an efficient way to automate the sharing of scale tickets from participating elevators, grain buyers and ethanol facilities with their crop insurance agent.
The Multiple Peril Crop Insurance (MPCI) program, which is insurance coverage designed to help protect growers from a variety of potential losses, requires growers to report the quantity of crops they harvest to their crop insurance agent each year, which can be a time consuming process.
"Chubb is committed to the agriculture business and is continually looking for ways to simplify the crop insurance program for growers," says Scott Arnold, president of Rain and Hail. "The addition of Bushel™ to our platform provides growers and agents a quick and efficient way to report critical production information that can help save them time during their busy harvest seasons."
The automated sharing service will be available through a pilot program to growers in the North Central United States in 2018 and will be expanded to the entire country in 2019. For additional information about Chubb's new feature, visit rainhail.com/d/ps/bushel.
