James Kirsh expects the cost on the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall.

The cost of insuring everything from homes to cars while in the U.S. has surged in the latest years, driven by things such as growing costs of auto and home repairs and more storm damage amid climate change.

In 2024, Yesterday’s Tractors will unite with over 20 respected brands to form Parts ASAP. Through this partnership, Yesterday’s Tractors will be able to further our growth through new collaborations and offer our community access to the largest inventory of agricultural, construction, and material handling parts in North America.

Overall, commercial rates for all types of business insurance rose in the second quarter of 2024, increasing about ten% in some locations, explained Loretta Worters, on the Insurance Data Institute.

Hensley reported large insurers that long covered these types of businesses are in some cases pulling out entirely, lowering the pool of massive insurers and leaving manufacturers with fewer options.

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Two other vehicles were involved in the crash - a Honda CRV hit the trailer mainly because it crossed over into eastbound lanes, plus a Lexus sedan drove into some debris from the crash on the westbound side of I-forty. Neither driver was injured.

Yesterday’s Tractor Co. is located in Port Townsend, WA and specializes in delivering antique tractor owners with valuable resources for repair and data as well to be a complete line of antique tractor parts.

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