February 2022Upcoming EventsEvery Saturday morning “Insights into Insurance” radio show KATE 1450AM 8:45amMarch 15- Agriculture Risk Coverage and Price Loss Coverage Programs FSA sign up DeadlineMarch 15- Federal Crop Insurance Sign Up DeadlineMarch 15 - Enrollment/Election period ends for 2022 ARCPLC ProgramMarch 15 - Deadline to purchase 2022 NAP coverage for spring-seeded cropsMar 17- Happy St. Patrick's DayMar 20 - First Day of SpringApril 11- MPCI Earliest Planting Date - CornApril 15- Good Friday (Office Closed)April 17 - Happy EasterApril 21- MPCI Earliest Planting Date – SoybeansMay 8 - Happy Mother’s DayMay 30- Memorial Day (Office Closed) Insurance Highlights Are you or anyone you know looking to pursue a career in Insurance? Click the link below to read the 2022’s top college risk management and insurance programs. Read More 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. Read More Financial Looking at starting a new business? Maybe you have an existing business that you want to create a business entity type? All individuals pursuing the dream of exercising their entrepreneurial muscles, will face the same question, “Which business structure should I adopt?” Read More 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. Insights Into Insurance Do you have a loan or lease on your auto? Do you know what Gap insurance is? Please take a listen to Tom Sorenson our Agency Director and Mike Woitas of KATE 1450am radio and find out what Auto Gap insurance is as part of our “Insights into Insurance” radio show. . Listen... Would you like to receive our Insights Into Insurance Newsletter?