Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Self Insured Solutions Adds Groups
Jan 24 2006 // Self Insured Solutions (http://www.calsig.com/), a California developer and administrator of private self insured workers’ compensation groups, reported the formation of three new agriculturally oriented Self Insured...
Treasury Clarifies Farm, Liability, Umbrella Issues Under Terrorism Reinsurance Program
Jan 18 2006 // Insurers that write monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program. During a conference...
Best Downgrades FSR for Louisiana Farm Bureau; Outlook Negative
Jan 18 2006 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (LFB) (Baton Rouge, La.). The rating has been removed from under review and...
7 Suspects Arrested in Calif. Workers’ Comp Fraud
Jan 16 2006 // Seven suspects in California’s San Joaquin Valley region have been arrested for workers’ compensation fraud that cost insurers $900,000, and duped the state out of some $676,000 in payroll taxes, according to...
Ind. Farm Bureau Insurance Co. Supports Victims of Fraud: Agent Arraigned this Week
Jan 13 2006 // Indiana Farm Bureau’s Chief Executive Officer, Jerry Canada, recently voiced the company’s steadfast commitment to continue to work with investigators as well as to support policyholders who were victims of...
Satellite Images Used to Detect Crop Insurance Fraud
Jan 12 2006 // Satellites have been connected with space explorations, monitoring crop conditions around the globe, helping commodities markets price the product and more. Few of us think of satellite images showing up in courtrooms to...
AMC Now Offering Bundled Coverage for Farm Operations
Jan 12 2006 // Conway, Ark.-based American Management Corporation reported it now allows farmers to insure all of their farm operations with one policy. Through a new partnership with St. Paul Traveler’s AMC agents are able to...
Okla. Senate Sub-Committee to Hold Hearing on Rural Fire Department Funding Needs
Jan 9 2006 // The Oklahoma Senate Appropriations Sub-Committee on Natural Resources and Regulatory Services will hold a hearing Jan. 12, 2006, on the funding needs of rural fire departments in Oklahoma in the wake of the wildfires that...
Wildfires Decimating Budgets of Okla.’s Rural Fire Departments
Jan 6 2006 // Wildfires that have ravaged more than 350,000 acres across Oklahoma also are taking their toll on the budgets of rural fire departments. Rural volunteer departments this year have received only about one-fourth of their...
Minn. Federal Fraud Case Scheduled in St. Paul Court
Jan 5 2006 // A federal fraud case against Peterson Farms is scheduled to begin next week in St. Paul. Peterson Farms, Wendell, Minn. and its related entities Division III Farms and Keywest Farms are accused of receiving $4.2 million in...
Farmers Enters Rose Bowl Parade
Jan 3 2006 // Farmers Insurance Group participated in the 2006 Tournament of Roses Parade in Pasadena, Calif., the 47th year the company has participated in the parade. This year, the parade theme is “It’s Magic” and...
PENNSYLVANIA LIMITS HORSE STABLES’ LIABILITY
Jan 2 2006 // Pennsylvania Gov. Ed Rendell has signed a bill limiting lawsuits against the owners of horse stables. Supporters say the legislation, which goes into effect in 60 days, was crucial to protect the state’s nearly $10...
Okla. Senators Say More Money Needed for Rural Fire Departments
Dec 30 2005 // Oklahoma State Senate President Pro Tempore Mike Morgan and two members of his leadership team said they agree with Assistant Majority Leader Jeff Rabon that something needs to be done immediately to address the needs of...
USDA: $200 Million for Fla. Agriculture Hurt by Hurricanes
Dec 30 2005 // The U.S. Department of Agriculture has designated at least $200 million (euro168 million) for Florida growers and farmers who suffered losses from the 2005 hurricanes, officials said. The funds were included in last...
Texas Farm Bureau VP Elected Chairman of ICT
Dec 30 2005 // The Insurance Council of Texas has elected James Langford, chairman of the board of directors beginning Jan. 1, 2006. Langford is the assistant vice president of compliance, regulatory and governmental affairs and training...
Washington Minimum Wage Increasing 28 Cents
Dec 29 2005 // Washington’s minimum wage will increase 28 cents to $7.63 an hour beginning Jan. 1, 2006. The Department of Labor and Industries recalculates the state’s minimum wage each year in September, as required by...
Pa. Limits Liability of Horse Stable Owners
Dec 27 2005 // Pennsylvania Gov. Ed Rendell has signed a bill limiting lawsuits against the owners of horse stables. Supporters say the legislation, which goes into effect in 60 days, was crucial to protect the state’s nearly $10...
Insurers Warned about Bird Flu “Species Jump”
Dec 22 2005 // Even as new reports of deaths caused by the bird flu virus are coming in from Indonesia and Vietnam, the insurance industry received an additional warning about its potential exposures. An article on the Lloyd’s...
Farmers Offers Tips on Keeping Homes Safe During the Holidays
Dec 21 2005 // While the holidays are a time for rejoicing, they also present an opportunity for thieves, as homes are filled with new, often expensive gifts. A recent survey shows that homeowners often neglect to take preventive action...
MISS. FARM BUREAU MUTUAL INSURANCE DISSOLVING
Dec 19 2005 // Jackson-based Mississippi Farm Bureau Mutual Insurance has an-nounced that the strain of paying $450 million in claims after Hurricane Katrina has caused the company to cease writing policies in the state and transfer...
