Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
United Farm Workers Pledge Support for Calderon
Jan 11 2002 // The United Farm Workers, AFL-CIO, has endorsed Tom Calderon for California Insurance Commissioner, adding to the broad base of labor and Latino groups that have filed in behind the Montebello democrat. “Farm workers...
Farmers Insurance Requests Rate Hike in Calif.
Jan 10 2002 // Farmers Insurance Group of Cos. recently applied for a 6.9 percent premium increase for homeowners insurance in the state of California. According to the Los Angeles Times Mary Flynn, a spokesperson for Farmers, the...
Feds Want Farmers’ Lawsuit Thrown Out
Jan 4 2002 // Stating there had not been enough trades on the durum futures market to calculate a price, The Federal Agriculture Department is asking a judge to throw out a lawsuit filed by farmers who claim the government unfairly...
Wash. Workshops Detail New USDA Farm Insurance Program
Dec 28 2001 // Producers in 11 eastern Washington counties have until Jan. 31 to take advantage of a new insurance product that allows them to protect the gross revenue of their farms. The Adjusted Gross Revenue insurance plan is being...
SUBSIDIZED POLICIES FOR HOG FARMS
Dec 17 2001 // The government is making subsidized insurance available to livestock farms for the first time, in the form of policies that will give protection to hog producers from reductions in income. As reported by the Associated...
Balking on Refund Plan for Overcharges, Farmers Says it’s Negotiating
Dec 17 2001 // Farmers Insurance Group, the third-largest auto insurer in Texas, has yet to agree to refund an estimated $8 to $10 million to policyholders it admitted overcharging, stating instead that it is continuing to negotiate a...
FARMERS FILES HOA ENDORSEMENT
Dec 3 2001 // Farmers Insurance Group of Companies filed an endorsement to the new homeowners’ policy it plans to offer in Texas, the HOA, with the Department of Insurance. The endorsement expands the policy to include limited...
Subsidized Insurance Headed to Livestock Farms
Nov 28 2001 // The government is making available subsidized insurance to livestock farms for the first time, in the form of policies that will give protection to hog producers from reductions in income. As reported by the Associated...
Texas Commissioner Orders Farmers to Cease Homeowners Non-Renewal
Nov 19 2001 // Texas Insurance Commissioner Jose Montemayor ordered Farmers Insurance Group to stop all activities related to the company’s recent announcement that it would non-renew all of its most-common homeowners (HO-B)...
The View from Up There-Insurers Embrace Space Age Technologies
Nov 12 2001 // The key witness in a recent crop fraud case turned out to be a camera. In June 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately...
NAII Board of Governors Elect GEICO’s Nicely Chairman
Nov 8 2001 // Tony Nicely, chairman, president and CEO of GEICO, was elected chairman of the National Association of Independent Insurers board of governors on Nov. 7 during the association’s annual meeting in New Orleans. Nicely...
Liberty Mutual, One Beacon Reach Definitive Agreement
Nov 5 2001 // Liberty Mutual Group and OneBeacon, a wholly owned subsidiary of White Mountains Insurance Group Ltd., reached a definitive agreement regarding a previously announced partnership transfering business and operations in 42...
Acceptance Insurance Companies Reports Losses
Nov 2 2001 // Iowa-based Acceptance Insurance Companies Inc. reported an after-tax net loss of $9.5 million, or $0.66 per share, for the third quarter of 2001. The company’s continuing crop insurance operations generated an...
Farmers Settles Ohio Discrimination Suit for
Oct 25 2001 // Farmers Insurance agreed to pay $4.3 million to settle an Ohio lawsuit charging the company with discrimination against homeowners in minority neighborhoods in issuing homeowners insurance policies. With the settlement,...
Farmers Insurance Exchange Downgraded
Sep 10 2001 // Standard & Poor’s (S&P) lowered its counterparty credit and FSR on Farmers Insurance Exchange group to “AA-” from “AA+” and placed the ratings on CreditWatch Negative. At the same...
NAMIC to Host 106th Annual Convention in Washington, D.C.
Sep 5 2001 // The 106th annual convention of the National Association of Mutual Insurance Companies (NAMIC) will take place Sept. 23-26, 2001, at the Washington Hilton and Towers in Washington, D.C. The convention, expected to attract...
Farmers Insurance Group Recognized by NFIP
Sep 4 2001 // Farmers Insurance Group® was recognized for achieving the highest growth in market share among insurance companies participating in the National Flood Insurance Program (NFIP). Howard Leiken, acting director of the...
S&P Downgrades Acceptance
Aug 27 2001 // S&P took rating actions on Acceptance Insurance Companies Inc. (AICI) and its insurance operating subsidiaries. S&P downgraded American Growers Insurance Co. (AGIC) because of declining earnings and uncertain...
S&P Downgrades Acceptance Insurance Cos.
Aug 20 2001 // Standard & Poor’s took rating actions on Acceptance Insurance Companies Inc. (AICI) and its insurance operating subsidiaries. S&P downgraded American Growers Insurance Co. (AGIC) because of declining...
S&P Cuts Farmers Ratings to ‘AA-‘, On WatchNeg
Aug 17 2001 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Farmers Insurance Exchange group (Farmers) to “AA-” from “AA+” and placed the ratings on CreditWatch...
