Crop Insurers Sue FCIC Over $200M Rate Adjustment

By Khadijah M. Britton (November 25, 2014, 4:18 PM EST) -- A group of crop insurers filed suit Monday in Washington, D.C., federal court against the Federal Crop Insurance Corp., accusing it of breaching their federal contracts when it switched its rate calculation method, which allegedly reduced their underwriting gain by $200 million for 2012 alone....

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