Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Too Much Rain Hampers Mississippi Farmers
May 11 2016 // Northeast Mississippi farmers have had to replant some of their corn and soybeans more than once because of spring downpours. It’s the third year in a row that farmers have had to fight excess water, Charlie Stokes,...
Flood Aid Bill for South Carolina Farmers Headed to Governor
May 9 2016 // A bill to give $40 million to South Carolina farmers who lost much of their crops in last year’s massive floods is on its way to a showdown with the governor. The House voted 85-2 Wednesday to agree to the version of...
Main Street America Names Simmons Assistant Secretary in Nebraska
May 6 2016 // The Main Street America Group has named Scott Simmons assistant secretary in its Omaha, Neb., office. Simmons reports to Dan Gaynor, the company’s vice president and head of commercial lines. He is responsible for...
Natural Disaster Losses Hit Five-Year High in April: Aon Catastrophe Report
May 5 2016 // The global economy suffered the worst April natural disaster losses for five years, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Earthquakes, convective storms and flooding...
Main Street America Promotes Osman; Appoints 4 Officers
May 5 2016 // The Main Street America Group announced the promotion of one company officer to assistant vice president and the appointment of four new company officers, all of whom will be an assistant secretary of the super-regional...
South Carolina Issues Data Call of Risk Mitigation Policy Discounts
May 4 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 South Carolina’s coastal homeowners of the...
Gulf States Fighting Metal Thefts from Ag Operations
May 4 2016 // A new group trying to reduce metal theft from agriculture operations in Mississippi, Louisiana and Arkansas. Mississippi Secretary of State Delbert Hosemann said his office is creating a Mississippi Delta Agricultural...
Texas-Based Agency Partnership Reports Solid Growth in 2015
May 2 2016 // The Texas-based agency partnership Combined Agents of America LLC (CAA) announced that it produced $96.3 million in total property and casualty revenue in 2015, compared to the $92.2 million in total revenue produced in...
South Carolina Senate Approves $40M Farmer Flood Aid
May 2 2016 // The Senate has approved a bill providing $40 million to South Carolina farmers devastated by last fall’s flooding. Senators voted 33-3 Thursday on legislation allowing farmers in disaster-declared counties to apply...
Climate Change and The Conservative Republican
Apr 28 2016 // If you’re a conservative Republican, there’s a decent chance that you believe in climate change. Compared with two years ago that is. Don’t tell this to Rush Limbaugh or presidential hopeful Donald Trump....
2016 Atlantic Hurricane Season Should See Normal Activity of 12 Names Storms: CSU
Apr 25 2016 // The coming Atlantic hurricane season should produce a near-average 12 named storms before it ends in November, according to Phil Klotzbach, lead author of the pioneering Colorado State University forecast. At least five of...
Farmers Launches Rideshare Insurance Coverage in Georgia
Apr 19 2016 // Farmers Insurance has introduced new rideshare insurance coverage for drivers in Georgia. According to Mariel Devesa, head of product innovation for Farmers Insurance, the coverage is available to ridesharing drivers as...
A.M. Best Revises Outlook for Mississippi Farm Bureau Insurance
Apr 18 2016 // A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Mississippi Farm Bureau Casualty Insurance Co. in...
Agents Storm Capitol Hill
Apr 18 2016 // Independent insurance agents and brokers from all 50 states convened in Washington, D.C., last week for the biggest and most effective industry gathering of its kind: the Big “I” Legislative Conference. Our...
Zurich Completes Acquisition of RCIS Crop Insurance Business
Apr 18 2016 // Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two...
Texas Republican Congressman Named Big ‘I’ Legislator of the Year
Apr 15 2016 // Rep. Mike Conaway (R-Texas), chairman of the U.S. House of Representatives Committee on Agriculture, is the Gerald Solomon-Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Legislator...
Outlook for Michigan Farm Bureau Group Revised to Positive
Apr 14 2016 // A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb+” of Farm Bureau Mutual Insurance Co. of Michigan and...
Farmers Insurance Launches Rideshare Coverage in New Jersey
Apr 11 2016 // Farmers Insurance announced Monday that it has begun offering its Rideshare Insurance Coverage endorsement in New Jersey. The endorsement is designed to offer ride-hail drivers coverage options as part of Farmers personal...
Louisiana Ag Losses from March Flooding Could Top $15M
Apr 10 2016 // The agricultural loss from the March flooding across Louisiana could top $15 million, according to an economist with the LSU AgCenter. Kurt Guidry said the loss figures are preliminary, because reports are coming in daily...
Farmers Expects More than $250M in Claims from Severe Weather in Texas
Apr 5 2016 // Farmers Insurance expects claims from two recent severe weather systems in the Dallas/Fort Worth area will result in more than $250 million in losses. Intense hail and wind from the storms caused extensive damage to homes...
