Uncertainty in the handling of crop insurance claims will likely be the primary impact of the overnight partial shutdown of the federal government.
The industry is working with a shuttered U.S. Department of Agriculture on what to do if the shutdown extends for more than a few days, according to officials of the Independent Insurance Agents and Brokers of America.
Charles Symington, senior vice president of external and government affairs for IIABA notes that, depending upon the length of the shutdown, the claims adjustment notification process, the timeline for claims payments, and business transactions with the Risk Management Agency (RMA) may be affected.
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