December 4, 2017 2:01 pm

Crop hail payouts down in Saskatchewan for 2017

Hail from a storm that hit Saskatoon on June 2, 2017. Total payouts for crop damage in Saskatchewan due to hail during 2017 dropped from the previous year.

File / Global News
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Total payout to Saskatchewan producers for hail damage was down in 2017.

The Canadian Crop Hail Association (CCHA) said Monday total hail payments for the year were just over $48 million, a decrease of 61 per cent from 2016 when $128 million in hail payments were made.

WATCH BELOW: Hail wipes out apple orchard north of Saskatoon

Hail frequency was down nearly 44 per cent from the five-year average, and the five-year hail severity index decreased roughly 10 per cent.

CCHA said the most expensive storm dates were July 20 and 21, when 1,100 claims were made totaling $14.9 million.

The association said the overall reported loss ratio in 2017 was 30 per cent compared to 73 per cent the previous year.

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CCHA said continued average industry losses and competitive pressures likely contributed to a rate decline, with premiums down five per cent for the year.

© 2017 Global News, a division of Corus Entertainment Inc.

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