Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
QBE Acquires NAU Country Insurance
Apr 16 2010 // QBE Americas has agreed to acquire NAU Country Insurance Co., a writer of crop insurance business based in Ramsey, Minn. Completion is expected in July 2010, subject to regulatory approvals. The acquisition supports...
John Deere Insurance Co. Rated ‘A-‘ by A.M. Best
Apr 13 2010 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to John Deere Insurance Company (JDIC) of Johnston, Iowa. The outlook assigned to both ratings is...
Zenith Picks Thomson to Lead Non-Workers’ Comp P/C Operations
Apr 12 2010 // Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that Craig Thomson will be joining its principal operating subsidiary, Zenith Insurance Co., as executive vice president. He will be responsible for...
Crop Reinsurers’ Profit Could Fall 30% Under USDA Changes, Says Aon
Apr 12 2010 // Proposed cuts in the agreement crop insurers have with the federal government would likely reduce reinsurers’ expected profit by 20 to 30 percent, which could lead to some companies withdrawing from the program or...
A.M. Best Upgrades Texas’ Producers Agriculture Insurance Group
Apr 7 2010 // A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit ratings to “a-” from “bbb” of Producers Agriculture Insurance Group (ProAg) and its...
Illinois High Court Rules Against Insurer in Underinsured Motorist Case
Apr 5 2010 // The Illinois Supreme Court has ruled that an appellate court was correct when it found that an insurance company cannot exclude occupants of an insured vehicle from underinsured motorists coverage (UIM). The high...
Florida Enforcement Sting Nets Unlicensed Moving Companies
Apr 5 2010 // Florida officials are targeting unregistered and uninsured moving companies following complaints from consumers and others in the industry. Florida Agriculture and Consumer Services Commissioner Charles H. Bronson said he...
Farmers Insurance Partners With Red Cross on Disaster Assistance
Apr 1 2010 // Los Angeles-based Farmers Insurance Group of Companies announced a new partnership with the American Red Cross. Called “Ready When the Time Comes,” this is a program which prepares volunteers to assist during...
Insurance Agents: Get Ready for Green Building Exposures
Mar 30 2010 // An idyllic, pasture-like setting is not the only green image agribusiness owners would like the public to imagine when they picture their operations — they increasingly want to be known for their “green”...
Floods Recede in Fargo, But Other Hazards Linger
Mar 26 2010 // As the Red River slowly started to recede this week and fears of major flooding diminished, Fargo residents were left to deal with another problem: environmental hazards that linger long after the waters...
Texas Mutual Adds New Purchasing Group for Agriculture Industry
Mar 25 2010 // Texas Mutual Insurance Company has launched a new workers’ compensation purchasing group for the agriculture industry, AgriComp. Any licensed Texas agent can submit qualifying clients for consideration. AgriComp is...
EU Trade Chief Says U.S. Must Make First Move to Restart Doha Round
Mar 23 2010 // The European Union cannot make more concessions on farm trade to restart stalled world trade talks and the United States must make the first move, the EU’s new trade chief said on Monday. The ball was not in the...
Illinois Supreme Court Rules Against Insurer in Underinsured Motorist Case
Mar 22 2010 // The Illinois Supreme Court has ruled that an appellate court was correct when it found that an insurance company cannot exclude occupants of an insured vehicle from underinsured motorists coverage (UIM). The high...
Tropical Cyclone Shuts Australia Coal Port, Threatens Sugar Fields
Mar 19 2010 // A tropical cyclone forced Australia’s second-biggest coal port to close on Friday, bringing millions of tons of coal shipments to a halt and threatening to damage thousands of acres of sugar-cane...
Best Affirms Ratings of Farmers Insurance Group and Members
Mar 17 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Farmers Insurance Group and its members. Best also affirmed the debt...
Transportation, Agriculture Are Oregon’s Most Fatal Industries
Mar 9 2010 // The transportation and warehousing industry was the most dangerous industry in 2009 in Oregon, according to the state Department of Business and Consumer Services, Information Management Division. According to DCBS’...
European Union to Issue Climate Warning; Tackle CO2 Loopholes
Mar 9 2010 // Loopholes in the United Nations climate treaties could actually amount to an increase in global climate-warming emissions and the chance to rein in temperatures may be slipping away, a draft European Union report...
Figures
Feb 21 2010 // $25 Million Record snowfall beginning Feb. 11 in the Dallas/Fort Worth area resulted in insured losses of $25 million, the Insurance Council of Texas reported. An estimated 4,200 claims came from auto, residential and...
Declarations
Feb 21 2010 // Tired and Frustrated “We’ve been doing this for a long time. … We’re not getting a lot of sleep. We’re tired. We’re frustrated that this is continuing to happen. But we remain strong in...
Private Crop Insurers Oppose Funding Cuts
Feb 21 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program it says would cut $4 billion — or $800 million a year — over the next five years. The proposal by the U.S....
