Opinion: Regulatory risk

Crop (re)insurers suffered some lean years after the US
government changed the rules of the game in 2011, with the added
stress of a severe drought in 2012 producing the sector's first
net loss in a decade. But the market adapted, and carriers roared
back to a near record year in 2016.
Last year was almost as good, too. But premium volume has
declined from what might be termed the salad days of a decade ago,
as reinsurers reached into...