Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
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...
Leaman Named to Post at Farmers
Aug 7 2001 // Stephen Leaman has been named executive vice president of property and casualty operations at Los Angeles-based Farmers Insurance Group. In this position, he will oversee the business focus for the property and casualty...
Mediator Named in Mold Case; Farmers Pulls Plugon HO-B Policies
Aug 6 2001 // A Travis County judge has named Austin lawyer and former Texas Supreme Court candidate Karl Bayer to mediate a settlement in a mold-related lawsuit in which the jury slapped Farmers Insurance Group with a $32 million...
Farmers Introduces New Parents Program in Utah
Aug 3 2001 // Farmers Insurance Group of Companies announced a special discount program for new parents in the state of Utah. New parents will be eligible to earn discounts on auto insurance. Farmers has also arranged for new parents to...
FARMERS ADJUSTERS GET OVERTIME
Jul 30 2001 // An Oakland, Calif., jury awarded a record-setting claim for overtime to a group of Farmers Insurance Adjusters participating in a class action suit. More than 2,000 adjusters working for Farmers Insurance Exchange will...
New Livestock Insurance Could Spare Repercussions of an Unexpected Loss
Jul 27 2001 // The Hartford Financial Services Group, a major insurer of livestock, has created a new insurance program to target the fast-growing fish farming business. Whether a fish farm is an indoor or outdoor operation, The Hartford...
Texas Farmers Plead Guilty to Crop Insurance Fraud
Jul 23 2001 // Three Nolan County, Texas, farmers pleaded guilty in a Lubbock federal court July 12 to filing over $540,000 in fraudulent crop insurance claims with the federal government. According to the Lubbock Avalanche-Journal, the...
Farmers Issues Statement in Response to
Jul 13 2001 // Farmers Insurance Exchange, a member company of the Farmers Insurance Group of Companies, stated it is disappointed and concerned about the recent verdict against it rendered by the jury in Alameda County (Calif.) Superior...
