A measure championed by U.S. Sen. Kay Hagan adds $5 million in new funding to the 2013 farm bill to help root out crop insurance fraud.
The Senate approved Hagan’s amendment last week by a vote of 94-0. The money will boost the U.S. Department of Agriculture’s Risk Management Agency, which is responsible for policing the $120 billion taxpayer-supported program that insures farmers against losses from weather and pests.
The North Carolina Democrat introduced the measure after The Associated Press reported in February that federal investigators unraveled a massive scheme by insurance agents, claims adjusters, brokers and farmers in eastern North Carolina to steal about $100 million. Forty-one defendants have either pleaded guilty or reached plea agreements after profiting from false claims on losses of tobacco, soybeans, wheat and corn.
Topics Fraud Agribusiness North Carolina Politics
Was this article valuable?
Here are more articles you may enjoy.
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
Big I: Independent Agencies’ Market Share Up Slightly in 2025 
