It's up to the insurance company here in MN as to who can adjust a loss. So if the agent/banker has no authority to adjust a claim has no conflict of interest in how the claim is settled. For the banker where the conflict would be in forcing the farmer to buy crop insurance through him to get the loan.
Like my farm and auto coverage is through the same agent. For the farm, not counting crop insurance, he can adjust a claim up to 5K himself. For auto he is not allowed by the company to settle any claim. Conflict of interest? Sure. It's in his best interest to settle fast and a little more than fair to keep customers happy.
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Today's Featured Article - History of the Nuffield Tractor: Part 2 - by Anthony West. In February 1953 production of the ETC T.V.O engine started, ready for the March 1953 press announcements. The new TVO engine had a number of improvements which resulted in a 10 per cent more power (43bhp as against 38 bhp on the earlier engine) and 10 per cent more fuel economy. Some of the improvements are listed below: Redesigned combustion chamber, improved spark plugs and positioning, plug size 14mm(earlier size 18mm).
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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