Hurricane Debby

HIP-WI Payments Following Hurricane Debby

Dan Agri-Business, Economy, Funding, USDA-RMA

Hurricane Debby

The U.S. Department of Agriculture (USDA) announced the counties that have triggered for payment under the Hurricane Insurance Protection-Wind Index (HIP-WI) endorsement for Hurricane Debby. Approved Insurance Providers (AIP) have 30 days to issue payments to producers. USDA’s Risk Management Agency (RMA) first offered HIP-WI for the 2020 hurricane season, and last year, the endorsement was expanded to include the Tropical Storm Option. Under HIP-WI, producers will receive over $200 million in indemnities for hurricane-related losses from Hurricane Debby. These payments will directly help farmers and rural communities recover.

Currently, estimated indemnities by state include:  

  • Florida: $11.8 million for hurricane, and $300 thousand for tropical storm 
  • Georgia: $45.6 million for tropical storm 
  • North Carolina: $97.8 million for tropical storm 
  • South Carolina: $54.3 million for tropical storm 

These payments build on the almost $50 million paid for Hurricane Beryl earlier this year. 

Producers do not need to file a claim to receive an indemnity payment under HIP-WI. If a county is triggered, the AIP will issue an indemnity payment in the coming weeks. Triggered counties were identified by RMA in Product Management Bulletin 24-052 and will also be available in the county’s actuarial documents. Eligible producers will receive a HIP-WI indemnity payment in addition to any applicable indemnity payments due to them through their underlying crop insurance policy. AIPs are using the standard notice of loss and claims process to timely process those underlying crop insurance policy claims. 

Sabrina Halvorson
National Correspondent / AgNet Media, Inc.

Sabrina Halvorson is an award-winning journalist, broadcaster, and public speaker who specializes in agriculture. She primarily reports on legislative issues and hosts The AgNet Weekly podcast. Sabrina is a native of California’s agriculture-rich Central Valley.