February 2022
Upcoming Events
Every Saturday morning “Insights into Insurance” radio show KATE 1450AM 8:45am
March 15- Agriculture Risk Coverage and Price Loss Coverage Programs FSA sign up Deadline
March 15- Federal Crop Insurance Sign Up Deadline
March 15 - Enrollment/Election period ends for 2022 ARCPLC Program
March 15 - Deadline to purchase 2022 NAP coverage for spring-seeded crops
Mar 17- Happy St. Patrick's Day
Mar 20 - First Day of Spring
April 11- MPCI Earliest Planting Date - Corn
April 15- Good Friday (Office Closed)
April 17 - Happy Easter
April 21- MPCI Earliest Planting Date – Soybeans
May 8 - Happy Mother’s Day
May 30- Memorial Day (Office Closed)
New Employee Spotlight
Americana Insurance Group would like to welcome our newest employee, Kelly Hagen. Kelly is a Customer Coordinator for Americana Insurance Group. She lives in Albert Lea, MN where she was born and raised. Kelly became a member of the A-Team in January 2022. Before Americana Insurance Group she worked at Federated Mutual Insurance Company in Owatonna, MN for 34 years with the last 21 years holding the position of Bond Administration Supervisor in the Commercial Bond Department. With Kelly's background and longevity in the Insurance industry she is a great part of the team.
Did YOU Know?
The COVID-19 pandemic last year drove the biggest increase in death benefits paid by U.S. life insurers since the 1918 influenza epidemic, according to the American Council of Life Insurers (ACLI). Death-benefit payments rose 15.4 percent in 2020 to $90.43 billion, mostly due to the pandemic, said the ACLI. In 1918, payments surged 41 percent. The hit to the insurance industry was less than expected early in the pandemic because many of the victims were older people who typically have smaller policies.
The industry paid out $78.36 billion in 2019, and payouts have typically increased modestly each year. COVID-19 also spurred the fastest rise in sales of insurance policies in 25 years, according to ACLI. Combined with good returns on some of insurers’ investments, industry assets increased 7.7 percent to $8.2 trillion in 2020, ACLI’s figures show.
