Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Endurance Reports $111.2 Million Q4 Net Income; $364.7 Full Year
Feb 14 2011 // Bermuda-based Endurance Specialty Holdings reported net income of $111.2 million and $2.09 per diluted common share for the fourth quarter of 2010, compared to net income of $154.8 million and $2.56 per diluted common...
Correction: Zurich BOP Off 13% for 2010 at $4.9 Billion
Feb 11 2011 // In the Feb. 10, 2011, article regarding Zurich Financial Services’ results for the year ended Dec. 31, 2010, Insurance Journal incorrectly stated information regarding the Farmers Exchanges, which are managed but not...
Iowa Supreme Court: Agent not Required to Suggest Unrequested Coverage
Feb 8 2011 // The Iowa Supreme Court has sided with an insurance agent in a case involving whether or not the agent had a duty to advise his clients as to the need for insurance coverage about which the clients had not inquired. In...
Farmers Watch Harsh Winter Crush Their Livelihoods
Feb 7 2011 // For Northeastern farmers long used to coping with all sorts of cold-weather problems, this winter presents a new one: snow and ice that’s bringing down outbuildings, requiring costly repairs, killing livestock and...
United States Proposes to Open Roads to Mexican Trucks
Feb 7 2011 // The Obama administration on Jan. 6, 2011, proposed a new inspection and monitoring regime to permit long-haul trucks from Mexico on U.S. highways after years of delays over safety concerns and political wrangling. The...
Abram Interstate Acquires Align General’s Equine Business
Feb 7 2011 // Rocklin, Calif.-based Abram Interstate Insurance Services, Inc. has announced that it has purchased an equine and farmowners book of business from Align General Insurance Agency Inc., of San Diego. All servicing of new and...
Aon Benfield Monthly Cat Report Highlights Australian Floods, Brazil Landslides
Feb 4 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during...
Agriculture, Energy Help Bolster Mid-America States Economy
Feb 2 2011 // The economy is gaining strength in nine Midwest and Plains states because global growth and continued low interest rates have provided a boost to agriculture and energy businesses, according to a new survey released Feb....
Farmers Buys Naming Rights to New Los Angeles Stadium
Feb 2 2011 // The Farmers Insurance Exchange has agreed to pay $700 million for the naming rights to the proposed downtown Los Angeles football stadium and event center, a deal backers say is a big step towards attracting an NFL team to...
Louisiana Gained 26,300 Non-Farm Jobs in 2010
Jan 27 2011 // Louisiana added 26,300 non-farm jobs in 2010 as it continued to plow through a slow economic recovery, state labor officials said. The state still had 42,200 fewer jobs last month, on a non-seasonally adjusted basis, than...
Davos Leaders Warn on Food Inflation, Speculation amid Mideast Unrest
Jan 27 2011 // World leaders warned on Thursday that soaring food prices risked stoking unrest and even war, but top executives meeting in the Swiss resort of Davos rejected calls for curbs on commodity speculation. Indonesian President...
United States Proposes to Open Roads to Mexican Trucks
Jan 24 2011 // The Obama administration on Jan. 6 proposed a new inspection and monitoring regime to permit long-haul trucks from Mexico on U.S. highways after years of delays over safety concerns and political wrangling. The...
TWFG Opens Locations in Texas, Oklahoma, Oregon
Jan 24 2011 // Texas-based retail and managing general agency, The Woodlands Financial Group Inc. (TWFG), has opened three new branch locations — one each in Texas, Oklahoma and Oregon. Berry Olinghouse has opened a new branch location...
People
Jan 24 2011 // Marsh appointed Jill Sulkes as head of its U.S. Financial Institutions Practice. Sulkes has more than 15 years of experience in risk management for financial institutions, most recently as a managing director in...
Bock Appointed Farmers Insurance Utah State Executive Director
Jan 19 2011 // Jeff Bock, currently director of the Farmers Minneapolis Business Development Center, has been appointed state executive director of Utah, according to Farmers Insurance. Bock began his career with Farmers in 1987 as a...
Farmers Insurance Appoints Executive Directors in Midwest States
Jan 19 2011 // Farmers Insurance has appointed Dan Lewis as Ohio state executive director and John Muscolino as its executive director for Wisconsin. Lewis formerly was Farmers Pacific Zone agency manager and Muscolino was Farmers...
Australia Begins Flood Cleanup; Insurer Compassion Urged
Jan 14 2011 // Australia’s third-largest city started cleaning up stinking mud and debris on Friday after some of the country’s worst floods on record, but in a sign of the task ahead, it could take six months to pump flood...
Authorities Identify Florida Man Run over by Farm Vehicle
Jan 13 2011 // Florida authorities identified a man killed when a farm vehicle ran him over in an orange grove. Charlotte County authorities say 24-year-old Inocencio Morales-Chalma, from Arcadia, was killed instantly Tuesday afternoon...
Insurers, Industries Affected by Australia’s Floods
Jan 11 2011 // Australia’s mining industry has borne the brunt of the economic impact from massive floods in Queensland state, but agriculture, construction, transport, tourism and retail have also been hit. Following is a list of...
Employers With Foreign Labor Face Increased Liability
Jan 10 2011 // Insurance Considerations for Agents Insuring Agricultural Employers Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable...
