The state says that Montana farmers who bought hail insurance will be getting a 25 percent refund.
The Montana Hail Board made the decision after reviewing at a recent actuarial report at its annual meeting.
The Montana Department of Agriculture says it issued 1,943 hail insurance policies covering nearly 1.6 million acres during 2011. Agency director Ron de Yong says the program remains strong, allowing for the refund.
The board decided to leave upcoming policy premiums unchanged.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
AI Data Center Boom Is ‘Maxing Out’ P/C Insurers, AIG CEO Says 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
Amazon’s New User Agreement Seeks to Curb Class-Action Suits 
Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.