Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Drought risk policy to pay out $40 million claim

December 05, 2019 Reprints

Australia-based agribusiness GrainCorp Ltd. is set to be eligible for as much as $57.3 million Australian dollar ($40.41 million) in claims payouts in the first year of its drought risk policy, Artemis.bm reported citing report by The Australian Financial Review. The arrangement, facilitated by Aon P.L.C.'s Bermuda-based White Rock Insurance (SAC) Ltd., protects GrainCorp against the risk of drought if the company’s grain production plunges below the pre-agreed threshold.

Help

Drought risk policy to pay out $40 million claim

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources