The 2012 loss ratio experience differed from typical loss ratio experiences. Loss ratios from 1995 through 2011 are shown in Figure 2. As can be seen in Figure 2, much of Illinois and Iowa had loss ratio below 0.8, with a significant number of counties having loss ratios below 0.4. These areas, particularly Illinois, had large losses in 2012. In addition, some areas typically have higher losses that did not have large losses in 2012. These areas include the North Dakota and the southern states.




In terms of loss experience, the 2012 drought was most severe in eastern Kansas, Missouri, southern and central Illinois, western Indiana, and southern Kentucky. The loss ratios in these areas were high in 2012, untypical for these regions. Other regions had low loss ratios in 2012 while those areas have typically higher loss ratios.

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