Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Lloyd’s Offers Poultry Farmers Coverage for Bird Flu
Nov 25 2005 // Heath Lambert has launched a facility to protect poultry farmers against avian flu (also known as bird flu). The exclusive facility, broked by the company’s specialist London market operation, FSJ, is 100%...
Katrina Losses Cost Miss. Farm Bureau Mutual Insurance $450M; Policies Being Transferred to S. Farm Bureau Casualty
Nov 23 2005 // Jackson-based Mississippi Farm Bureau Mutual Insurance has announced 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...
The Four C’s of Risk Management for the Oil and Gas Operator – Contracts
Nov 21 2005 // (Editor’s note: This is the second in a series of articles on risk management for oil and gas operators. The first appeared in the Aug. 22, 2005, issue of Insurance Journal–Texas/South Central.) In the first...
The Four C’s of Risk Management for the Oil and Gas Operator – Contracts
Nov 20 2005 // In the first article of this series we discussed the importance of the retail broker reading, studying and comprehending the various contracts that control the oil and gas operator’s world. There are two areas of...
NPR Details Crop Insurance Fraud
Nov 14 2005 // In a detailed new investigation, National Public Radio examined the U.S. Department of Agriculture’s recent allegations that some farmers across the country cheated the U.S. Treasury and insurers out of $160 million...
PAULA Financial Unveils Q3 Numbers; Declares Quarterly Cash Dividend
Nov 14 2005 // California-based PAULA Financial has reported net income for the third quarter of 2005 of $218,000 or $0.03 per share compared to $142,000 or $0.02 per share for the 2004 period. For the nine months ended Sept. 30, 2005,...
Illinois Financer Provides Crop Insurance to African Farmers
Nov 14 2005 // Opportunity International, a global microfinance network based in Oak Brook, Ill., today announced its partnership with the World Bank and its affiliated IFT Commodity Management Group to provide index-based weather...
News Briefs
Nov 6 2005 // California CDI Amends Proposed “Action Notice” Filing Regulations The California Department of In-surance has deleted a section of proposed regulations that would have required insurers to notify CDI when a...
Mississippi Farm Bureau Downgraded by A.M. Best
Nov 4 2005 // A.M. Best Co. has downgraded the financial strength rating to B (Fair) from A- (Excellent) of Mississippi Farm Bureau Mutual Insurance Company of Jackson, Miss. The rating remains under review with negative...
GAO Blasts RMA in Crop Insurance Fraud Study
Nov 3 2005 // Inspections conducted by the Risk Management Agency (RMA) are not being used for maximum effect, according to a study released yesterday by the U.S. Government Accountability Office (GAO). In “Crop Insurance: Actions...
S.C. Farm Bureau Mutual Names Sanders V.P. of Policy Services
Nov 3 2005 // Gail Sanders has been promoted to vice president of Policy Services of the South Carolina Farm Bureau Mutual Insurance Company in Cayce, S.C. For 11 years, Sanders has worked as the company’s Policy Services manager....
AGR-Lite Insurance Program Available for North Carolina Farmers
Oct 28 2005 // North Carolina farmers seeking whole-farm revenue protection insurance can now, through the AGR-Lite Insurance Program, guarantee a portion of their farm income and insure crops that previously were not covered under...
Woman Who Took Insurance Case to Supreme Court Wins Settlement
Oct 28 2005 // Farmers Insurance has paid $760,000 to a 62-year-old Irish woman who successfully argued her claim before the state Supreme Court, despite having no college degree or legal training. Mary Mulcahy, of Seattle, was injured...
Amendment Defunding Crop Insurance Plan Included in Agriculture Bill
Oct 26 2005 // An amendment defunding Premium Reduction Plans (PRPs) was included in an agriculture bill today, an effort the Independent Insurance Agents & Brokers of America (the Big “I”) sought out because of various...
Florida Dispatching Search-and-Rescue Officers to Areas Hit by Hurricane Wilma
Oct 24 2005 // More than 300 search-and-rescue officers are now fanning out over southwest Florida and are heading toward southeast Florida to assist in search and rescue efforts, according to Tom Gallagher, Florida’s State Fire...
As Insured Acres Increase, Are Farmers Subsidizing High-Risk States?
Oct 17 2005 // As a direct result of the Agricultural Risk Protection Act of 2000 (ARPA), more farmers are insuring their cropland. Nationwide, insured acres have increased by 14.6 million acres, and coverage has increased by $12.2...
As Insured Acres Increase, Are Farmers Subsidizing High-Risk States?
Oct 17 2005 // With Katrina’s impact yet to be felt, farmers in low loss-ratio states may have to pick up the slack for the hard-hit Gulf Coast farmers in months and years to come. If anything, the aftermath of Katrina underlines...
News Briefs
Oct 17 2005 // OHIO Hospital Group Sues WC Bureau: The Ohio Hospital Association and a member hospital sued the Ohio Bureau of Workers’ Compensation in September on claims the state did not follow legal processes for a $50 million...
South Dakota
Oct 17 2005 // S.D. Farm Couple Pleads Guilty to $1.3 Million Scheme: A Rapid City, S.D. couple has pleaded guilty in U.S. District Court to conspiring to defraud the U.S. government out of more than $1.3 million in farm benefits. Connie...
As Insured Acres Increase Are Farmers Subsidizing High-Risk States?
Oct 17 2005 // As a direct result of the Agricultural Risk Protection Act of 2000 (ARPA), more farmers are insuring their cropland. Nationwide, insured acres have increased by 14.6 million acres and coverage increased by $12.2 billion...
