Seems odd, what with carbon dioxide allegedly destroying the Corn Belt and all: "[Crop insurers] have made money year after year after year maximizing their exposure to risk in the Corn Belt because it’s been such a good run of years"

Crop Insurers Could Face First Loss Since 2002 on Drought - Bloomberg

Crop insurers may face their first underwriting loss since 2002 as the worst Midwest drought in more than two decades threatens the U.S. harvest, according to Iowa State University’s Bruce Babcock.

“The only way they would make a profit is if they saw this disaster coming, because of the low water tables and the low soil-moisture levels at the beginning of the season, and they opted to minimize their exposure in the Corn Belt,” Babcock, an economics professor at the Ames, Iowa-based university, said today. “But the companies have made money year after year after year maximizing their exposure to risk in the Corn Belt because it’s been such a good run of years.”