VANCOUVER, Sept. 5, 2013 /CNW/ - Village Farms International, Inc. (the "Company") (TSX: VFF ) announced today it settled its insurance claim for losses resulting from the major hail storm in Marfa, Texas on May 31, 2012. After meeting with Travelers Insurance Company, the parties agreed to a final payment of US$11.25 million settling all outstanding claims pertaining to the hail storm. The parties have agreed to release each other from any further claims resulting from the hail storm, and the Company will drop its lawsuit currently pending in Federal Court.