Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Farmers Insurance Facing Possible Class Action by ‘Hundreds’ of Female Attorneys
Nov 2 2015 // An attorney representing a woman suing Farmers Insurance for discriminatory practices filed a motion in mid-October seeking class action status in a suit she says could potentially encompass 300 female attorneys. The...
Federal Drought Aid Expanded in Louisiana, Mississippi
Nov 2 2015 // About 70 percent of Mississippi counties and Louisiana parishes – 57 of 82 counties and 45 of 64 parishes – are now eligible for drought disaster aid, the U.S. Department of Agriculture said. The department has added...
Damage Estimates Rising From South Carolina’s ‘Record-Breaking’ Storm
Nov 2 2015 // The potential exposure home insurers in South Carolina face from the early October storm that flooded the state is estimated to be over $18 billion, according to catastrophe modeling firm CoreLogic. Richland County had the...
Wildfires Threat in Texas Increased Over Past 15 Years
Oct 30 2015 // Larger, more threatening wildfires are occurring at greater rates as Texas faces lingering drought, consistent development — driven by millions of new residents and the spread of outlying suburbs — and changes in how...
North Dakota Lawmakers Criticize Proposed $3B Crop Insurance Cut
Oct 29 2015 // North Dakota’s congressional delegation and others from the state say a proposed $3 billion cut to crop insurance is unacceptable. A two-year budget deal in Congress would reduce federal subsidies to companies that...
Budget Deal Called ‘Devastating’ to Crop Insurance
Oct 29 2015 // The two-year budget deal produces savings from one of the most popular programs in farm country — federally subsidized crop insurance — and farm state lawmakers are furious. Senators and House members said Tuesday they...
Ironshore Acquires Novae Group’s Agricultural Team and Renewal Portfolio
Oct 26 2015 // Bermuda-based Ironshore International announced the acquisition of the reinsurance renewal rights to Novae Group’s global agriculture reinsurance portfolio. The transfer is conditional on Lloyd’s approval and...
Large Feral Hog Population a Big Pain for Arkansas Farmers
Oct 22 2015 // Federal and state officials say a large population of wild hogs in Arkansas is causing problems for farmers across the state. State officials estimate there are roughly 200,000 fast-breeding feral hogs spread across the...
Farmers Insurance Agrees to Settle Missouri No-Call Lawsuit
Oct 20 2015 // California-based Farmers Insurance has agreed to pay Missouri $575,000 to settle a lawsuit claiming its agents violated state telemarketing laws. Attorney General Chris Koster said that is the largest amount ever paid to...
Farmers Insurance Launches Rideshare Insurance Coverage in Kansas
Oct 19 2015 // Farmers Insurance has introduced rideshare insurance coverage designed to provide seamless coverage for ride-hailing drivers in Kansas. Farmers worked with representatives of the Kansas Insurance Department, legislators...
October Storm Devastates South Carolina, Insurance Industry Responds
Oct 19 2015 // The claims filing and damage recovery process is underway in South Carolina after the mega-storm that hit the state Oct. 1 through Oct. 5 brought extensive damage statewide with some areas receiving more than two feet of...
Farmers Insurance Facing Possible Class Action by ‘Hundreds’ of Female Attorneys
Oct 15 2015 // An attorney representing a woman suing Farmers Insurance for discriminatory practices was set to file a motion on Thursday seeking class action status in a suit she says could potentially encompass 300 female...
South Carolina Insurance Head Issues Emergency Orders for Storm Recovery
Oct 13 2015 // The South Carolina Department of Insurance (SCDOI) has issued two bulletins to insurers in an effort to aid with storm recovery efforts in the state. South Carolina Insurance Director Raymond Farmer issued an emergency...
Losses to South Carolina Crops Rising as State Suffers More Rain
Oct 12 2015 // The farms and playground area for picking pumpkins were swamped in Mt. Pleasant, S.C., Monday, Oct. 5, 2015. South Carolina is still struggling with floodwaters due to a slow moving storm system. (AP Photo/Mic Smith) Thad...
Workplace Injuries Lead to $1.4M in Fines for Ohio Chicken Processor
Oct 7 2015 // A supplier of fast food and supermarket chicken is facing more than $1.4 million in fines this year for worker safety and health violations at Ohio facilities, including several that led a teenage worker to suffer the...
Drought Conditions Worsen in The Carolinas
Oct 5 2015 // Three-quarters of South Carolina’s counties have been designated primary natural disaster areas because of persistent drought. The U.S. Department of Agriculture said in September 35 of the state’s 46 counties...
Farmers Opens Connecticut Territory Office
Oct 5 2015 // Farmers Insurance, which began providing insurance and financial services to Connecticut consumers on Jan. 1, 2015, announced the opening of the company’s first territory office in the state. The new office, located...
Bird Flu Has Midwest Farmers Building Fences, Hosing Down Visitors
Oct 2 2015 // In Iowa, one of the largest U.S. egg processors has started to buy foreign supplies for the first time. Elsewhere in the Midwest, a free-range egg producer says it may build automatic car washes to scour vehicles accessing...
Fairmont Farmers Mutual’s Stueven Assumes NAMIC Chairmanship
Sep 30 2015 // Paul Stueven, chief operating officer and treasurer of Fairmont Farmers Mutual Insurance Co. of Fairmont, Minn., today assumed the chairmanship of the National Association of Mutual Insurance Companies (NAMIC) at the...
Farmers Estimates $225M Loss from Northern California Fires
Sep 30 2015 // Farmers Insurance reported more than 1,300 claims filed, and an anticipated 1,800 total, with an estimated overall loss of roughly $225 million from two California wildfires that burned nearly 150,000 acres this month in...
