Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Zurich Bounces Back – Posts $701 Million 1st Half Net Income
Aug 20 2003 // Zurich Financial Services has apparently turned the corner after some very rough times. The company’s 1st half results show net income of $701 million – well above most analysts’ expectations –...
Pa. Announces Significant Expansion Of Crop Insurance Coverage
Aug 18 2003 // Pennsylvania’s Agriculture Secretary Dennis C. Wolff announced that the state’s “AGR-Lite” crop insurance protection program’s maximum policy size has been raised to $250,000, from the...
Texas Ag, Farmers Make a Deal:
Aug 18 2003 // According to Texas Attorney General Greg Abbott, the state reached a settlement with Farmers Insurance Group that requires the company to refund an estimated $2.4 million to about 13,000 Texas motorists who may have paid...
New Agricultural Coverage Available in Okla.
Aug 13 2003 // Oklahoma Insurance Commissioner Carroll Fisher announced the approval of emergency rules to grant special licenses to agents allowing them to sell a new form of insurance for cattle producers. The Agriculture Revenue...
Fireman’s Fund Integrates Farm & Ranch Into Its Small Business Operations
Jul 30 2003 // Fireman’s Fund Insurance Company has integrated Farm & Ranch management into its Small Business operations, which completes a companywide realignment of its agricultural risks. “This management integration...
Texas AG Reports Auto Repair Refund Deal with Farmers
Jul 29 2003 // According to Texas Attorney General Greg Abbott, the state has reached a settlement with Farmers Insurance Group that requires the company to refund an estimated $2.4 million to about 13,000 Texas motorists who may have...
Farmers Lowers Kan. Auto Rates, Not Homeowners
Jul 25 2003 // An earlier Insurance Journal story incorrectly reported that Farmers Insurance Group was reducing homeowners rates in Kansas, when in actuality it was lowering auto rates. The story was based on an erroneous statement...
Farmers Group Lowers Rates for Kan. Homeowners
Jul 18 2003 // Farmers Insurance Group® announced they are reducing homeowners rates in the state of Kansas. Farmers’ policyholders in Kansas were to see a rate decrease of .7 percent effective July 1. Actual savings will vary...
Pa. Deputy Sec. Redding Testifies Before House AG Subcommittee
Jul 11 2003 // Thursday, at the request of Congressman Tim Holden, the Pennsylvania Department of Agriculture’s (PDA) Deputy Secretary for Administration, Russell Redding testified before the U.S. House Subcommittee on General Farm...
IIABA Applauds Apparent Demise of Crop PDP Pilot Program
Jun 19 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is calling the Risk Management Agency’s (RMA) decision to pull approval for the Converium-Crop 1 Insurance Company’s “Premium Discount...
Farmers Files for Lower Rates for Nevada Homeowners
Jun 17 2003 // Farmers Insurance Group announced it has filed for a rate reduction with the Nevada Department of Insurance on all homeowners business in the state of Nevada. If approved by the department, beginning with September 16th...
FARMERS SETTLEMENT APPROVED:
Jun 9 2003 // State District Judge Scott Jenkins gave preliminary approval to the $117.5 million settlement between the State of Texas and Farmers Insurance. The record settlement is the result of action taken by the Texas Office of...
Former Farmers Agent Charged with Grand Theft and Elder Abuse
May 28 2003 // Patrick James Murphy, 45, of Norco, pled no contest in Los Angeles Superior Court, on May 15, to 39 felony counts, including grand theft and elder abuse. Superior Court Judge David Horwitz sentenced Murphy to four years in...
Texas’ Farmers Settlement Gains Preliminary Approval
May 23 2003 // State District Judge Scott Jenkins in Austin gave a nod to the $117.5 million settlement between the state of Texas and Farmers Insurance Group. According to the Austin American-Statesman, the preliminary approval ends a...
Wash. Woman Files Bad Faith Lawsuit Against Farmers Ins.
May 16 2003 // A Redmond, Wash. woman filed a bad faith lawsuit against Farmers Insurance Company of Washington (Farmers) accusing the company of systematically using a computer program called “Colossus” to provide an...
Farm and Ranch
May 5 2003 // Nuts & Bolts: Abram Interstate, Inc. has an extensive Farm/Ranch Package Program available. Program is eligible for accounts including; working horse, cattle and crop farms. This includes boarding, breeding, training,...
Farmers Insurance Group and I Saw You Safety & Scholarship Foundation Begin Pilot Program for Teen Drivers
May 2 2003 // Because teen drivers are responsible for a death every 90 minutes and an injury every single minute in our country, I SAW YOU SAFETY & SCHOLARSHIP FOUNDATION and FARMERS INSURANCE GROUP are launching a pilot program...
Palmer & Cay Forms Equine Unit; Specialty Team to be Based in Ky.
Apr 23 2003 // Palmer & Cay, Inc., an insurance brokerage and benefits consulting firm, has expanded its services to include a team of specialists focusing exclusively on the equine industry. The new practice will be based in...
Former Farmers Agent Charged with 39 Felony Counts
Apr 4 2003 // Officers from the California Department of Insurance (CDI) arrested Patrick James Murphy, 45, of Norco, April 2 and charged him with 39 felony counts including grand theft, elder abuse, forged official seal, and submission...
BB&T Unit to Buy Kentucky Agencies
Apr 4 2003 // BB&T Insurance Services said it plans to acquire Kentucky agencies, Old Colony Insurance Service (Louisville) Inc. and Cromwell Insurance Agency of Lexington. Cromwell is jointly owned by Old Colony and Ludt-Bell...
