Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Washington Supreme Court: Actual Cash Value Includes Sales Tax
Sep 22 2010 // The Washington Supreme Court has ruled that an insurer is required to pay sales tax when reimbursing a client for the actual cash value (ACV) of damaged property. According to court documents in Laura Holden v. Farmers...
Aon Releases 2010 Food System, Agribusiness, Beverage Industry Report
Sep 22 2010 // The claims costs connected to the recent half billion egg recall will be unprecedented and include liabilities such as business interruption and reputation damage. During the next 15 months, the U.S. Food and Drug...
Markel Acquiring Equine and Livestock Business From Hiscox
Sep 14 2010 // Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co.. Terms of the deal were not disclosed, but the companies said it would close the transaction by October...
North Carolina Apple Farmers Like Better Crop Insurance
Sep 10 2010 // North Carolina apple growers say they are happy to learn about proposed changes in federal crop insurance that would better protect them from a catastrophic loss. The Times-News of Hendersonville reported about two dozen...
Declarations
Sep 6 2010 // SeaWorld Safety “SeaWorld recognized the inherent risk of allowing trainers to interact with potentially dangerous animals. Nonetheless, it required its employees to work within the pool walls, on ledges and on...
23 States Involved in Recalled Eggs
Aug 25 2010 // Eggs contaminated with salmonella that originated from Wright County Egg in Iowa have shown up in 23 states, CNN reported this morning. Already, the outbreak has sickened hundreds of people across the country, the Food and...
Southern Farmers Complain About Disaster Aid Program
Aug 24 2010 // The permanent disaster aid program in the 2008 Farm Bill was intended to spare Congress from having to scrape up extra money every time a drought, flood or hurricane struck farm country, but growers in the South claim the...
Court Rules North Dakota Farm Fraudster Entitled to Benefit
Aug 20 2010 // North Dakota’s Supreme Court says an insurance agent who was convicted of running a federal farm payment scam is entitled to some retirement money. Duane Huber of Wimbledon contended North Dakota Farmers Union...
2010 Education & Training Directory
Aug 16 2010 // Insurance Journal is pleased to publish the 2010 Education and Training Directory. This exclusive resource directory has been designed to help independent agents and brokers find educational and training opportunities to...
Farmers Moves Simi Valley Employees to Woodland Hills
Aug 12 2010 // Los Angeles Farmers Insurance, which has called Southern California home since its founding in 1928, has announced it will move employees from its Simi Valley office to a more modern facility in nearby Woodland Hills in...
Jury Awards $940K in Arkansas Genetically Altered Rice Lawsuit
Aug 3 2010 // The German conglomerate Bayer CropScience has been ordered to pay six Arkansas rice farmers $940,000 for allowing genetically altered rice into the commercial market. A jury in Desha County, Ark., found the farmers...
Oakland Large-Scale Pot Farms Will Require $2M in Liability Insurance
Jul 29 2010 // The Oakland City Council has given final approval to a plan that makes Oakland the first city in the country to authorize large-scale industrial pot cultivation. The city intends to license four production plants where...
Farmers Reduces Calif. Auto Rates 14.5%
Jul 28 2010 // California Insurance Commissioner Poizner announced that Farmers Insurance customers are eligible to receive an average rate reduction of 14.5 percent and a one time 10 percent insurance premium rebate, worth a combined...
Tornado Touches Down in NE Corner of Montana, Kills 2
Jul 28 2010 // A rare tornado tore through a farmhouse and killed two people inside, leaving nothing but the house’s foundation and a few twisted vehicles as it swept through Montana’s remote and sparsely populated...
Texas Insurance Agencies Enjoy Growth Through ‘Niche Power’
Jul 26 2010 // Texas independent insurance agent Gordon Sorrel, credits the power of niche marketing with contributing to the growth his agency has experienced during the last year, despite the soft market and general economic...
California Farms Take Risks When Going Green
Jul 23 2010 // California dairy farmers might soon start converting their cow waste to fuel, but in doing so, they may be taking on more insurance risks — risks that their insurance agents might not be aware of, said James D....
4 ‘Ace’ Agencies, 4 Success Stories
Jul 19 2010 // Despite Soft Market, Firms Have Managed to Grow They’re all different – one’s big city; one’s suburban; one’s country; one’s small-to-medium size town. They operate in different parts of...
Crop Insurers Reluctantly Agree to $600 Million a Year Subsidy Cut
Jul 15 2010 // All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million a year for the next 10...
Hayride Death Stirs Debate Over Kentucky’s Farm Safety Laws
Jul 12 2010 // The death of a woman thrown from a hay wagon during a ride at a county fair has opened a debate over whether there should be improvements to Kentucky laws on farm equipment safety. Dale Dobson, head of the Farm Safety...
Farmers Introduces Institutional Business Owners Policy Through Texas Agents
Jul 7 2010 // Farmers Group of Cos. has introduced an institutional business owners policy (iBOP) for institutions across America, which will be offered by Farmers agents in Texas. iBOP is designed to serve a spectrum of religious...
