Minnesota farm cooperative aimed captive insurance for the protection of coverage
United Farmers Cooperative the observed facts and their liability insurance premiums more than quadrupled and its proportion to increase by 25 times over the past five years. Then, after a loss of coverage suspicious fire destroyed one of its grain elevators.
President Jeff Nielsen knew Agriculture Co-ops others were with similar themes. His solution has helped create a group of co-ops in Minnesota to head the other insurance.
United farmers in Lafayette, near New Ulm, and 22 other co-ops Agriculture has recently made his own Off-shore-based captive insurance - a form of self-organization of insurance - better control of their liability, automobile and costs of things. The captives, known as column Insurance Ltd, is considered one of the first in captivity have made agriculture co-ops nationally.
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