Agribusiness Businesses — U.S. Coverage Insights Due to the limited number of carriers, capacity is being reserved for best-in-class risks. While state-of-the-art technology is paving Food & Beverage the way for future advancements, it can also cause production delays if issues arise. It’s important to discuss business interruption coverage with your broker to ensure there are no gaps. Underwriters remain focused on proper valuations, driving increased costs for some insurance programs. Severe convective Farm & Ranch storms and wildfire continue to be significant underwriting concerns — be prepared for decreased capacity and increased deductibles per location. The wood products property insurance market in the U.S. has stabilized for most classes of business with flat renewal or slight reductions. Expect higher rates for those in catastrophic prone areas, even clean accounts. Locations in wildfire prone area continue to experience tough property rate increases and, in some cases, non-renewals due to local wildfire activity. Forest & Timber The wood products casualty insurance renewal rates have also stabilized for most classes of business except for auto, as most niche insurers experienced profitability issues in 2024. In addition, locations in wildfire areas face difÏculty finding options for “Loggers Broad-Form coverage” in general liability policies. The excess liability market continues to be careful when deploying capacity with high majority of insurers providing $5M to $10M limits. NOTE: Rate is typically defined as the amount of money necessary to cover losses and expenses while providing an insurance company with a profit for a unit of exposure. Exposure refers to a business’ or individual’s susceptibility to various daily risks. Carriers evaluate the level of risk an insured faces in calculating insurance premiums. 10