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Business deals

Eyeing climate change, Japan's Sompo to buy Italian crop insurer

Extreme weather boosts demand for agricultural coverage

A wheat farmer in France. Crop insurance can protect against extreme weather and market fluctuations.   © Reuters

TOKYO -- Japan's Sompo Holdings has agreed to acquire Italian agricultural insurer Assicurazioni Rischi Agricoli VMG 1857 as climate change drives demand for protection against increasingly frequent and severe extreme weather events.

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