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Wells Fargo Top Writer in Crop Insurance

SNL reports a slight growth to the category last year, but more growth expected in 2014 as Congress cuts subsidies

By Arthur D. Postal | Updated on April 28, 2014

Wells Fargo & Co.’s Rural Community Insurance Co. became the largest writer of crop insurance in the U.S. in 2013, according to a study by SNL, hiking its market share 5% to pass ACE Ltd. as the largest writer of crop insurance in terms of direct premiums written.

The entire category grew only to $11.659 billion in premiums in 2013 from $11.396 billion in 2012, but the category is expected to grow because in the farm bill Congress appears to be switching its efforts in subsidizing the farm industry from direct supports to insurance, according to SNL data.

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