TOKYO -- Japanese insurance group Sompo Holdings will acquire a major American provider of crop insurance as demand rises for protection against losses from extreme weather events on a warming planet.
Business deals
Japan's Sompo buys US crop insurer as weather risks grow
Deal helps diversify coverage and manage swings from climate change
Soybeans are harvested from an Indiana field last year. The rise in severe weather events has lifted demand for crop insurance while also heightening insurers' risk of high payouts. © Reuters
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