Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Maine Farmers Seek $100M Plan to Tackle PFAS Contamination
Mar 18 2022 // Maine farmers and the state’s agriculture commissioner have testified in favor of a proposal that would create a $100 million fund to help pay for problems caused by long-lasting chemicals. The Maine Legislature is...
North Dakota Farmer Pleads Not Guilty to Insurance Fraud
Mar 8 2022 // A central North Dakota farmer has pleaded not guilty to crop insurance fraud. Kent Pfaff, 58, of the Washburn area, has been released on a personal recognizance bond. U.S. District Judge Daniel Hovland on March 3 scheduled...
AM Best Upgrades Credit Ratings of Oklahoma Farm Bureau Mutual Insurance Co.
Mar 8 2022 // AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) for the members of the...
Minnesota Lawmakers Disagree Over Drought Relief Package
Mar 7 2022 // Minnesota farmers and ranchers still reeling from last summer’s drought are asking the Legislature for urgency on relief, though lawmakers on either side of the aisle have yet to agree on what a final package should...
Maine Farmers Want Ban on ‘Forever Chemical’ Sludge in Fields
Mar 3 2022 // Maine farmers want lawmakers to pass a bill banning fertilizer and compost containing wastewater sludge that’s been linked to toxic industrial compounds associated with serious health conditions. Sometimes called...
Bird Flu Found at 6th Indiana Turkey Farm
Mar 3 2022 // Avian influenza has been detected in a sixth commercial poultry flock in southern Indiana, state officials said March 1. Laboratory testing of a fourth commercial turkey flock in Dubois County has come back as...
Fire Destroys Historic Los Angeles Poor Farm Buildings
Feb 25 2022 // Several abandoned buildings at the historic Los Angeles County Poor Farm were destroyed by fire, fire departments said. At least five agencies responded and the fire was contained in buildings on the vacant south campus of...
U.S. Won’t Give Water to California Farmers Because of Drought
Feb 25 2022 // With California entering the third year of severe drought, federal officials said Wednesday they won’t deliver any water to farmers in the state’s major agricultural region – a decision that will force many...
Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk
Feb 25 2022 // Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2 billion-$5.6 billion), the majority of which are expected in Germany, UK, and the...
Delaware Poultry Farm With 1.2 Million Birds Hit by Lethal Flu
Feb 23 2022 // A commercial poultry farm in Delaware with 1.2 million birds has been hit by a highly lethal form of bird flu, the state said on Wednesday, significantly expanding an outbreak that has killed U.S. chickens and turkeys. The...
Foresight in California Expands Workers’ Comp Class Codes for Agribusiness, Construction, Manufacturing
Feb 22 2022 // San Francisco, California-based Foresight, a workers’ compensation insurtech focused on the middle market, announced the expansion to include four new class codes and 23 incidental adjacencies to serve more customers...
Bird Flu Found at Fourth Indiana Turkey Farm
Feb 22 2022 // Avian influenza has been detected in a fourth commercial poultry flock in southern Indiana, state officials said Feb. 19. Laboratory testing of a second commercial flock of turkeys in Greene County has come back as...
Farm & Ranch Market: Evolving to Mitigate the Risks of Today
Feb 21 2022 // While the farm and ranch insurance space faces different risks than other property lines, many challenges of insuring those risks are often the same. Namely, extreme weather and natural catastrophes, which have tightened...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A summary of these new hires follows here. AXA XL to Promote De Rosa to...
New Strain of Bird Flu Related to 2015 Virus
Feb 17 2022 // Farms that raise turkeys and chickens for meat and eggs are on high alert and taking steps to increase biosecurity, fearing a repeat of a widespread bird flu outbreak in 2015 that killed 50 million birds across 15 states...
AXA Consortium in Talks to Buy Stake in Orsted’s UK Offshore Wind Farm
Feb 16 2022 // Denmark’s Orsted A/S is in talks with a consortium that includes AXA SA and a Credit Agricole SA unit to sell a stake in a large wind farm off the east coast of England, according to people familiar with the...
Drought in Spain and Portugal Empties Reservoirs, Ruins Crops
Feb 14 2022 // Roofs peeking out of the water have become a common sight every summer at the Lindoso reservoir in northwestern Spain. In especially dry years, parts would appear of the old village of Aceredo, submerged three decades ago...
S&P Report Sheds Light on Florida Farm Bureau’s Losses
Feb 11 2022 // Recently posted data provides new insight on the dire financial situation for Florida Farm Bureau, one of four carriers that announced it would stop writing or non-renew thousands of homeowner policies in Florida this...
Strain of Avian Flu Found in Birds at Indiana Turkey Farm
Feb 11 2022 // A strain of avian flu that can cause high mortality rates among birds has been confirmed at a commercial turkey farm in southern Indiana, federal and state agencies said Feb. 9. The United States Department of Agriculture...
Declarations
Feb 7 2022 // PG&E Probation “In these five years, PG&E has gone on a crime spree and will emerge from probation as a continuing menace to California.” — U.S. District Judge William Alsup said the utility...
