Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
FARMERS TO EXIT MED-MAL
Oct 6 2003 // The Farmers Insurance Group of Companies’ Truck Insurance Exchange® unit announced plans to discontinue its medical malpractice insurance line of business. Effective immediately, Farmers will no longer write new...
325 Mo. Policies Affected By Farmers Withdrawal
Sep 26 2003 // Farmers Insurance Group told the Missouri Department of Insurance that it is withdrawing from medical malpractice coverage in all 18 states where the firm operates. Affected in Missouri is physician and hospital business...
Farmers Group to Leave Med-Mal Business
Sep 26 2003 // The Farmers Insurance Group of Companies’ Truck Insurance Exchange® unit will reportedly discontinue its medical malpractice insurance line of business. According to the company and effective immediately, Farmers...
Fick Named Farm Mutual Manager of the Year
Sep 24 2003 // Beverly Fick, manager of Bradford Victor-Adams Mutual Insurance, Franklin Grove, Ill., has been chosen as NAMIC’s 2003 Professional Farm Mutual Manager (PFMM) of the Year. She was recognized during NAMIC’s Farm...
Farmers Lowers Ill. Auto Rates
Sep 2 2003 // Direct writer Farmers Insurance Group announced it is reducing auto rates in the state of Illinois. Farmers customers in Illinois will see a rate decrease of 4.2 percent effective Sept. 1. Farmers will also be introducing...
FCIC Approves Expansion of Pa. Crop Coverage
Aug 27 2003 // Pennsylvania Agriculture Secretary Dennis Wolff announced that the Federal Crop Insurance Corporation (FCIC) has raised the ceiling on Pennsylvania’s AGR-Lite crop insurance protection program from $100,000 to...
PAULA Financial Reports Net Income for 2ndQ 2003
Aug 26 2003 // Pasadena, Calif.-based PAULA Financial announced net income for the second quarter of 2003 of $0.02 per share compared to $0.01 per shares for the 2002 period. Total revenue for the second quarter of 2003 was $4.3 million...
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...
