Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Farmers’ Pullout Puts Agents, Homeowners in a Jam
Oct 14 2002 // Negotiations continued in early October between state officials and senior executives of Farmers Insurance Group of Companies in the effort to find a solution that would entice the insurer to continue to provide homeowners...
Commissioner Says Texas’ Homeowners Problem Won’t Happen in Okla.
Oct 1 2002 // In response to Farmers’ notification that it won’t be renewing homeowners polices for its Texas customers, Insurance Commissioner Carroll Fisher issued an announcement clarifying that Oklahomans are protected...
NAII Comments on Farmers’ Withdrawal From the TX Homeowners Market
Sep 30 2002 // Don Hanson, southwest regional manager of the National Association of Independent Insurers (NAII), issued the following statement on Farmers Group of Insurance Companies’ recent decision to leave the Texas homeowners...
Montemayor Sends Open Letter to Farmers Homeowners Policyholders
Sep 26 2002 // In the wake of Farmers Insurance Group of Companies’ decision to quit the Texas homeowners market, Texas Insurance Commissioner Jose Montemayor released the following open letter to Farmers...
Kansas Commissioner Confirms Farmers Has No Plans to Leave State
Sep 26 2002 // Following a meeting between representatives from the Kansas Insurance Department and Farmers Insurance Co., Commissioner Kathleen Sebelius announced that the company had no plans to cease writing homeowners insurance in...
Farmers Refuses TDI Offer
Sep 25 2002 // The Farmers Insurance Group of Companies announced it will not renew current homeowners insurance policies in Texas beginning November 2002, and will no longer be able to provide the state’s customers with homeowners...
TDI Offers Settlement Proposal to Farmers
Sep 25 2002 // As rumors and speculation swirled about whether Farmers Insurance is planning to completely withdraw from the Texas homeowners market, the Texas Department of Insurance (TDI) proposed a resolution to its dispute with...
Eight Receive 2001, 2002 NAMIC Service Awards
Sep 24 2002 // Due to the cancellation of its 2001 convention after 9/11, recipients of both the 2001 and 2002 NAMIC Service Awards were honored during the business meeting of the 107th convention of the National Association of Mutual...
FARMERS STRIKES BACK
Sep 16 2002 // Farmers Insurance Company filed suit against Texas Insurance Commissioner Jose Montemayor and the Texas Department of Insurance (TDI) seeking to reverse an emergency cease and desist order issued against the company. Among...
Horse Farm Package
Sep 14 2002 // Nuts & Bolts: Equine Insurance Specialists is offering a horse farm package. Dollars: Policy limits of $1,000,000/$2,000,000 GL.,deductibles of $500 to $2,500. Minimum premiums of $1,000 Carrier: United National Group...
SRC Software Expands Presence in Industry With Sale to National Farmers Union
Sep 11 2002 // Oregon-based SRC Software announced that National Farmers Union Insurance of Aurora, Colo., has selected SRC’s Advisor Series™ to streamline and improve the budgeting and financial reporting process for both...
Indiana Farmers Mutual to Use Duck Creek Software
Sep 11 2002 // Missouri-based Duck Creek Technologies, Inc., a provider of product management software and services to the insurance industry, announced that Indiana Farmers Mutual Insurance Group has selected its EXAMPLE Platform...
16 Dead, 18 Missing as Storms Hit Southern France
Sep 10 2002 // Thunderstorms of unprecedented intensity struck Southern France Sunday night and Monday, causing widespread flooding and knocking out road and rail transportation throughout the region. 16 people were killed as a direct...
Farmers Sues Montemayor, TDI
Sep 5 2002 // Farmers operating units Farmers Insurance Exchange and Fire Insurance Exchange have filed suit against Texas Insurance Commissioner Jose Montemayor and the Texas Department of Insurance (TDI) in response to the issuance of...
Farmers to Stop Selling New Homeowners
Sep 2 2002 // Farmers Insurance Company’s troubles in Texas mounted with an August 13 emergency cease and desist order issued against Farmers by the Texas Department of Insurance in an effort to “stop unfair pricing...
S&P Puts Kyoei on CreditWatch After Cancellation of Plan to Join Millea
Aug 23 2002 // Standard & Poor’s reacted quickly to the announcement by Japan’s Kyoei Mutual Fire & Marine Insurance Co. that it had canceled plans to join the Millea Group, and would instead become a subsidiary of...
Farmers to Stop Selling New Homeowners Policies in Texas
Aug 23 2002 // Farmers Insurance Company has directed its agents to discontinue selling new homeowners policies in Texas beginning Oct. 31. The company will also stop offering replacement policies, existing policies that are not renewed...
Texas AG Files Suit Against Farmers
Aug 19 2002 // Texas Governor Rick Perry and Attorney General John Cornyn announced that his office filed suit against Farmers Group Inc., the state’s second largest homeowners insurer, Aug. 5 for allegedly charging unnecessarily...
Ore. Farm Worker Ordered to Repay $16,649
Aug 16 2002 // The Department of Labor and Industries has ordered a 51-year-old former Yakima man to pay back $16,649.76 after an investigation showed he allegedly collected workers’ compensation benefits illegally for...
TDI Freezes Farmers’ Homeowners Rates
Aug 16 2002 // The Texas Department of Insurance has issued an emergency cease and desist order against Farmers subsidiaries Farmers Insurance Exchange and Fire Insurance Exchange that effectively freezes the carrier’s homeowners...
