Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
North Dakota Fines Crop Insurance Agency, Orders Credits, Restitution
Jun 20 2016 // North Dakota Insurance Commissioner Adam Hamm has fined an insurance firm that sold crop insurance in that state and ordered restitution to farmers. The North Dakota Insurance Department announced the multi-layered...
Specialized Environmental Coverage Tools a Must for Today’s Farm Operations
Jun 20 2016 // Recent court and regulatory actions across the country with regard to environmental pollution exclusions in insurance policies have shown the need among farm owners and other agricultural risks for true environmental...
Farmers Insurance Expands Rideshare Insurance Coverage to 3 States
Jun 14 2016 // Farmers Insurance has expanded its Rideshare Insurance Coverage to drivers in Idaho, Maryland, and North Dakota. Farmers worked with representatives of the states’ insurance departments, legislators and leaders of...
Outlook for Farmers Alliance Mutual Insurance Revised to Negative
Jun 14 2016 // A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of C++ (Marginal) and the issuer credit rating of “b” of Farmers Alliance Mutual Insurance Co. (Farmers...
North Dakota Fines Crop Insurance Agency, Orders Credits to Farmers
Jun 13 2016 // North Dakota Insurance Commissioner Adam Hamm has fined an insurance firm that sold crop insurance in that state and ordered restitution to farmers. The North Dakota Insurance Department announced the multi-layered...
Ohio’s Farmers National Bank Acquires Bowers Insurance
Jun 6 2016 // The Farmers National Bank of Canfield (Farmers), based in Canfield, Ohio, has acquired the Bowers Insurance Agency Inc. (Bowers Group). The transaction closed on June 1, 2016 and is expected to be accretive to earnings...
Today’s Farms Need Specialized Environmental Coverage
Jun 6 2016 // Recent court and regulatory actions across the country with regard to environmental pollution exclusions in insurance policies have shown the need among farm owners and other agricultural risks for true environmental...
South Carolina Commissioner Farmer: Lessons from Historic Floods
Jun 6 2016 // South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not one that should be taken lightly. That is the message South Carolina...
South Carolina Lawmakers Override Haley’s $40M Farm Aid Veto
Jun 6 2016 // South Carolina lawmakers in both the House and Senate voted to override Gov. Nikki Haley’s veto of a bill offering $40 million in state aid to farmers who lost their crops in last year’s massive floods. The...
Sompo Launches Model to Evaluate Wind Farm Risks
May 31 2016 // The Sompo group companies have launched a model for evaluating risks to onshore and offshore wind farms. The model, which provides key pricing and cat modeling data for insuring the construction and operation of wind...
South Carolina Insurance Head Talks Lessons Learned After Historic Flood
May 31 2016 // This aerial photo show flooding around homes in the Carolina Forest community in Horry County, between Conway and Myrtle Beach, S.C. The state was pummeled in early October by a historic rainstorm that caused widespread...
Chubb Agribusiness Adds Product Withdrawal Coverage
May 24 2016 // Chubb Agribusiness has added product withdrawal coverage to its package policy for businesses that grow, manufacture, and distribute consumable products. The new coverage insures the expenses as a result of a withdrawal...
South Carolina Evaluating Policy Discounts for Homeowners
May 23 2016 // The South Carolina Department of Insurance (SCDOI) has issued a data call for property and casualty insurers writing residential property in the state in an effort to inform its coastal homeowners of the discounts...
Drones: An Emerging Market Quickly Taking Flight
May 23 2016 // So what is all the buzz about? Lately it is about unmanned aerial vehicles (UAV) or drones, which are emerging as a valuable component in a vast array of American businesses and markets. While UAVs are generally associated...
Wet Spring Hurts Kentucky Corn, Soybean Farmers
May 20 2016 // This year’s wet spring season is causing problems for farmers in western Kentucky who are trying to get corn and soybeans planted. The farmers said they have been hurt by the recent series of thunderstorms and...
Minnesota, Wisconsin Wine Grape Crops Damaged in Cold Snap
May 19 2016 // Vintners in southern Wisconsin and southeastern Minnesota are reeling from a weekend cold snap that ruined huge swaths of their grapes. Temperatures dipped below freezing in much of those areas late Saturday and early...
South Carolina Lawmakers Override Governor’s Farm Aid Veto
May 19 2016 // With dozens of farmers in the lobby and lawmakers cheering every speech, the South Carolina House on Tuesday voted to override Gov. Nikki Haley’s veto of a bill offering $40 million in state aid to farmers who lost...
South Carolina Governor Vetoes $40M Flood Aid Bill for Farmers
May 18 2016 // Gov. Nikki Haley vetoed a bill Monday that would send $40 million in aid to South Carolina farmers, saying farmers may complain loudly, but don’t need a bailout that isn’t being offered to all small...
Insurers Limit Exposure as Quakes Increase in Oklahoma
May 13 2016 // As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has...
Why Independent Agents Went to Capitol Hill to Lobby
May 12 2016 // Independent insurance agents and brokers from all 50 states convened in Washington, D.C., last month for the Big “I” Legislative Conference. Our members met with almost every U.S. Senate and House office to...
