Idaho crop insurance company to pay $3.48 million

A crop insurance company has agreed to pay a southwestern Idaho farming family $3.48 million following a lawsuit.

The Idaho Statesman reports in a story on Tuesday the Farm Bureau Mutual Insurance Company of Idaho agreed to pay Nate and Kristin Pancheri for damage to their 2016 alfalfa seed crop.

A July 2016 storm damaged the crop. The Pancheris in their lawsuit said the insurance company grossly undervalued the damage.

A jury on June 10 agreed with the Pancheris.

The opposing parties then settled the punitive damages amount and avoided a second trial.

Sean Ellis of the Idaho Farm Bureau declined to comment.