Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Acceptance Companies Notes Loss
Aug 14 2002 // Iowa-based Acceptance Insurance Companies Inc. announced a net after-tax loss of $5.2 million, or $0.36 per share, for the three months ended June 30, 2002. This compares with a net after-tax loss of $888,000, or $0.06 per...
Westfield Group, American Agrisurance Form Marketing Alliance
Aug 7 2002 // Westfield Group and American Agrisurance, Inc. (AmAg®) have formed a marketing alliance for the sale of crop insurance to agricultural producers throughout the northeastern and mid-Atlantic United States. According to...
Judge Dismisses N.D. Crop Lawsuit
Aug 7 2002 // A judge in Fargo, N.D. dismissed a lawsuit against the U.S. Department of Agriculture over the agency’s cancellation of a type of federal crop insurance for durum wheat last year. According to the Associated Press,...
Farmers Group of Companies Calls Texas Attorney General’s Lawsuit ‘Political Harassment’
Aug 6 2002 // In response to the lawsuit filed Aug. 5 by the Texas Attorney General against Farmers Insurance Group of Companies, the company has reviewed the allegations and says they are without merit. The lawsuit was filed by...
Acceptance Seeks to Expand Agricultural Operations
Aug 6 2002 // Iowa-based Acceptance Insurance Companies Inc. has retained Philo Smith & Co. as a financial advisor to assist the company in expanding its agricultural risk management operations. American Agrisurance Inc. and...
Acceptance Companies Rated
Aug 5 2002 // Fitch Ratings assigned a “B-” Long-Term issuer rating to Acceptance Insurance Companies Inc. (Acceptance) and a “CCC+” rating to Acceptance’s $94.875 million 9.00 percent Trust Preferred...
FARMERS EXCHANGE AND TRUCK EXCHANGE SUE BODY SHOP
Aug 5 2002 // Farmers Insurance Exchange and Truck Insurance Exchange began serving summons and complaints July 16 upon a Contra Costa County, Calif. body shop and its owners, accusing them of taking part in a large-scale scheme...
FARMERS ALLIANCE MUTUAL HALTS N.M. POLICIES
Aug 5 2002 // Property and casualty insurer Farmers Alliance Mutual Insurance Co. will accept no new customers in New Mexico and will not renew existing customers’ policies, impacting some 7,000 policyholders, according to the...
FARMERS ALLIANCE MUTUAL HALTS N.M. POLICIES
Aug 5 2002 // Property and casualty insurer Farmers Alliance Mutual Insurance Co. will accept no new customers in New Mexico and will not renew existing customers’ policies, impacting some 7,000 policyholders, according to the...
Acceptance Companies Rated
Aug 5 2002 // Fitch Ratings assigned a “B-” Long-Term issuer rating to Acceptance Insurance Companies Inc. (Acceptance) and a “CCC+” rating to Acceptance’s $94.875 million 9.00 percent Trust Preferred...
Acceptance Companies Assigned
Aug 5 2002 // Fitch Ratings assigned a “B-” Long-Term issuer rating to Acceptance Insurance Companies Inc. (Acceptance) and a “CCC+” rating to Acceptance’s $94.875 million 9.00 percent Trust Preferred...
Farmers Alliance Mutual Co. Puts Brakes on N.M. Business
Jul 22 2002 // Property and Casualty insurer Farmers Alliance Mutual Insurance Co. will accept no new customers in New Mexico and will not renew existing customers’ policies, impacting some 7,000 policyholders, according to the...
TDI Investigating Farmers’ New Homeowners Restrictions
Jul 22 2002 // Texas Insurance Commissioner Jose Montemayor has initiated an investigation of Farmers Insurance Co. to determine whether new homeowners restrictions it put in place violate fair trade practices. The Austin...
Acceptance Companies Rated by Fitch
Jul 22 2002 // Fitch Ratings assigned a “B-” Long-Term issuer rating to Acceptance Insurance Companies Inc. (Acceptance) and a “CCC+” rating to Acceptance’s $94.875 million 9.00 percent Trust Preferred...
Farmers Exchange Sues Calif. Body Shop
Jul 17 2002 // Farmers Insurance Exchange and Truck Insurance Exchange began serving summons and complaints July 16 upon a Contra Costa County, Calif. body shop and its owners, accusing them of taking part in a large scale scheme...
Farmers Unveils Y.E.S. Discount in Texas
Jul 15 2002 // The Farmers Insurance Group of Companies has made available the “You’re Essential to Safety” (Y.E.S.) Program in Texas. The Y.E.S. program was developed to educate young drivers and their parents or...
Farm Bureau Mutual to Merge with Kan., Neb. Farm Bureau Affiliated P&C Insurers
Jul 9 2002 // Farm Bureau Mutual Insurance Company announced that the Farm Bureau property-casualty affiliates in Kansas (Farm Bureau Mutual Insurance Company, Inc.) and Nebraska (Farm Bureau Insurance Company of Nebraska) will merge...
Coverage Difficult to Find for Farm Supply Operations
Jun 26 2002 // Farm supply cooperatives and grain elevators in the Midwest are in a difficult situation regarding insurance, according to an Associated Press report, as those operations face skyrocketing premiums even if they are able to...
Farmers Offers Auto Policy Discount in Virginia
Jun 18 2002 // Farmers Insurance Group announced that it will offer special discounts on its auto insurance rates to Virginians who also have a Farmers New World Life Insurance Company policy. “The discount is part of an effort by...
Ind. Farm Bureau Insurance Cos. Acquires Agway Insurance Co.
Jun 17 2002 // Indiana Farm Bureau Insurance Companies has reached a definitive agreement with Agway Inc. to acquire 100 percent of the stock of New York-based Agway Insurance Company, in a deal valued at $21 million. The transaction is...
