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Canada: Saskatchewan expects insurance payouts on flood-hit crops to increase

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Canadian province Saskatchewan is expecting insurance payouts on crops to rise after floods caused widespread damage, Bloomberg reported.

Shawn Jaques, chief executive of Saskatchewan Crop Insurance Corp. said "we expect to get a number of claims." Parts of Saskatchewan and Manitoba suffered major flooding because of heavy rains. David Koroscil, manager of insurance projects at Manitoba Agricultural Services Corp., said farmers in the province may file the most claims, reports Bloomberg.

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