Idaho crop insurance company to pay $3.48 million
BOISE, Idaho (AP) — A crop insurance company has agreed to pay a southwestern Idaho farming family $3.48 million following a lawsuit.
The Idaho Statesman reports in a story on Tuesday that the Farm Bureau Mutual Insurance Company of Idaho agreed to pay Nate and Kristin Pancheri for damage to their 2016 alfalfa seed crop.
A July 2016 storm damaged the crop. The Pancheris in their lawsuit said the insurance company grossly undervalued the damage.
A jury on June 10 agreed with the Pancheris.
The opposing parties then settled the punitive damages amount and avoided a second trial.
Sean Ellis of the Idaho Farm Bureau declined to comment.
Information from: Idaho Statesman, http://www.idahostatesman.com