Vortex Insurance Agency Announces New Weather Insurance Product Offering

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Vortex Insurance Agency, LLC (Vortex), a national provider of weather insurance products, is pleased to announce the addition of Drought Shield^SM to their list of available weather insurance products.

Drought affects a countless number of businesses, including hay producers and ranchers, whose livelihood depends on green pastures. Drought Shield provides rain insurance that helps to protect the insured against the financial implications associated with depressed natural rainfall.

Available to all business entities in the United States, Drought Shield uses a Rainfall Index similar to the USDA Risk Management Agency (RMA) Pasture, Rangeland, and Forage program. Drought Shield payments are calculated using NOAA CPC Rainfall Index gridded data sets using data provided by the National Oceanic and Atmospheric Administration Climate Prediction Center. If preferred by the insured, a Drought Shield insurance policy may also be obtained that utilizes data from a local weather station for calculating claim payments. Policy coverage dates can be any period ranging up to one year and must be purchased at least 15 days prior to the coverage period.

About Vortex

Vortex is owned by MSI GuaranteedWeather, LLC (MSI GW), a wholly owned subsidiary of Mitsui Sumitomo Insurance Company, Limited, one of the world’s top property and casualty insurance companies forming part of the Mitsui Sumitomo Insurance Group (MSIG). MSI GW has managed global weather risk for over ten years and is routinely ranked as one of the top risk managers worldwide. Vortex is an agent for the distribution of the weather insurance policies underwritten by Mitsui Sumitomo Insurance USA Inc. (MSU) in the United States.

Product availability subject to licensing by jurisdiction. MSU refers to the MSIG insurer underwriting coverage: Mitsui Sumitomo Insurance USA Inc. Weather insurance product not available in all jurisdictions. Actual coverage is subject to the language of the policies as issued. Mitsui Sumitomo Insurance Group, 15 Independence Boulevard, P.O. Box 4602, Warren, NJ 07059-0602

For more information about Vortex Insurance Agency, LLC visit www.VortexInsuranceAgency.com.