Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
USDA Expects to Pay Farmers $191M for Bird Flu Losses
Jul 30 2015 // The federal government expects to spend $191 million to pay chicken and turkey farmers for birds lost to avian flu. U.S. Secretary of Agriculture Tom Vilsack says that’s in addition to the nearly $400 million spent...
ACE Names North America Management Team for New Chubb
Jul 28 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America...
Tech Firms Collaborating to Make Drone Air Traffic Safe
Jul 28 2015 // Google Inc., the company that brought order to the Internet, has set its sights on doing the same for the flocks of commercial drones expected to someday clog the skies. The search-engine pioneer is joining some of the...
India PM Modi Plans Expansion of Farmer Insurance before India State Elections
Jul 28 2015 // Indian Prime Minister Narendra Modi is planning to give farmers comprehensive insurance coverage as he looks to win state elections in largely rural areas. The government will start the new insurance program in the winter...
USDA: Bird Flu Vaccine Working on Chickens; Turkeys Being Tested
Jul 24 2015 // Scientists have developed a vaccine strain that has tested 100 percent effective in protecting chickens from bird flu and testing is underway to see if it also protects turkeys, U.S. Agriculture Secretary Tom Vilsack told...
Alliant Acquires Garibaldi in Central California
Jul 22 2015 // Alliant Insurance Services has acquired Todd Garibaldi Insurance Agency Inc. in Lodi, Calif. Terms of the deal were not disclosed. Garibaldi will join Alliant as senior vice president in agribusiness and food services....
15 Montana Counties Offered Federal Disaster Aid
Jul 21 2015 // Ranchers in 15 Montana counties can start getting federal aid to recover losses from this year’s drought. Bruce Nelson of the Montana Farm Service Agency says the ranches affected by the drought are now eligible for...
Missouri Sues Feds over Crop Insurance Report Extension
Jul 20 2015 // Missouri officials are pushing for an extension to file paperwork needed for farmers to receive crop insurance, coverage the governor and attorney general say is necessary amid heavy rainfall and flooding. Attorney General...
California Agents Get Creative to Sell Rideshare Endorsement
Jul 20 2015 // Kathy Lamm, an insurance agent in Costa Mesa, Calif., over the past month or two has been busy selling a ridesharing endorsement that Farmers Insurance Group introduced in California in late May. Lamm started spreading the...
Nationwide to Pay West Virginia $5.75M in Farm Bureau Discount Suit
Jul 20 2015 // West Virginia Attorney General Patrick Morrisey has reached a $5.75 million settlement with Nationwide Insurance regarding a discount on certain insurance products for the state’s Farm Bureau members. Former Attorney...
U.S. Power Grid Attack Could Cause $70 Billion in Insurance Losses: Lloyd’s Report
Jul 20 2015 // A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and...
$84.4M Farmers Insurance Settlement Approved by Texas Court
Jul 20 2015 // A Travis County, Texas, district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners insurance rate case. The...
Report Sees Major Food Shortage as Climate Change Danger
Jul 16 2015 // Climate change reports and studies abound lately – as you will note from a previous column – but one recent report gives potentially the starkest prediction yet of what impacts climate change could have. The report...
AIR Estimates Typhoon Chan-hom Insured Losses Less than $354 Million
Jul 16 2015 // According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2 billion [$354.3 million]. “Typhoon Chan-hom made landfall in the coastal city of...
Arkansas AG Launches Metal Theft Enforcement Program
Jul 15 2015 // Arkansas Attorney General Leslie Rutledge recently announced a new initiative from the Attorney General’s Special Investigations Division to combat the problem of metal theft. During a press conference at the state...
Feral Hog Damage to Louisiana Crops: $30M and Counting
Jul 14 2015 // A study by the LSU AgCenter finds feral hogs have caused at least $30 million in damage to crops on Louisiana farms in 2013. AgCenter economist Shaun Tanger has been gathering data for more than a year from Louisiana...
California Agents Get Creative to Sell Rideshare Endorsement
Jul 9 2015 // Kathy Lamm, an insurance agent in Costa Mesa, Calif., over the past month has been busy selling a ridesharing endorsement that Farmers Insurance Group introduced in California in late May. Lamm started spreading the word...
U.S. Power Grid Attack Could Cause $70 Billion Insurance Losses: Lloyd’s Report
Jul 8 2015 // A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and...
Texas Court Approves $84.4M Settlement in Farmers Case
Jul 7 2015 // A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners insurance rate case. The...
Montana Thunderstorm Results in Crop Damage, Power Outages
Jul 7 2015 // A strong thunderstorm that blew across northern Montana over the weekend brought strong winds and large hail that caused property and crop damage and power outages along a 300-mile stretch of the state from Cut Bank to...
