After weathering the financial disaster and seeing a growing interest in captive formations, the alternative risk-transfer industry has hit new stumbling blocks that can triple the time it takes to set up a new facility.

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Crop insurers said late Thursday the industry and the crop insurance program will be able to "withstand" the severe cuts in subsidies imposed on the program by the Agriculture Department.

Insured losses for the United States in June totaled about $200 million due to hail and flooding in the Northern Plains and tornado damage in the Midwest and Ohio Valley, Aon Benfield said.