PRODUCT MANAGEMENT BULLETIN: PM–24-018
United States Department of Agriculture
Farm and Foreign Agricultural Services
Risk Management Agency
1400 Independence Avenue, SW
Stop 0801
Washington, DC 20250-0801
Date
March 08, 2024
To:
All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties
All Risk Management Agency Field Offices
All Other Interested Parties
From:
Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy 3/8/2024
Subject:
Hurricane Insurance Protection - Wind Index Tropical Storm Option – Additional Educational Materials Available
- Background
-
Since the fall of 2023, the Risk Management Agency (RMA) received helpful feedback on Hurricane Insurance Protection - Wind Index (HIP-WI) Tropical Storm Option (TS). The most common request was for more information about how the policy works. In response, to facilitate increased understanding of HIP-WI and TS, RMA created additional tools for farmers, agents, and Approved Insurance Providers.
- Action
-
Updated tools, including a video and podcast, are available on the RMA website at the links below. Please share these links with your agents and customers.
2024 Hurricane Insurance Protection - Wind Index Endorsement (HIP-WI) FAQs
HIP WI and Tropical Storm Option Video
HIP WI and Tropical Storm Option Podcast
DISPOSAL DATE:
December 31, 2024