Judge Dismisses Farmers’ Complaint Against Crop Insurers, Federal Agencies

Mealey's (July 15, 2019, 1:27 PM EDT) -- DETROIT — A Michigan federal judge on July 12 dismissed a second amended complaint in farmers’ putative class action against crop insurers and the federal agencies that reinsure crop insurers over allegations that the defendants are liable for loss of revenue protection in 2015 because the federal agencies failed to use the actual market price as the harvest price to provide revenue protection under a dry bean revenue endorsement (DBRE) (Gregory Ackerman, et al. v. U.S. Department of Agriculture, et al., No. 17-11779, E.D. Mich., 2019 U.S. Dist. LEXIS 116080)....