Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
1st Cayman Portfolio Insurance Company Formed by Ascension Insurance
Feb 25 2015 // The first portfolio insurance company (PIC) has been formed in the Cayman Islands, as a direct result of new insurance regulations Cayman enacted in January to provide risk management alternatives for insurers incorporated...
Australia Cyclone Causes Power Cuts, but Spares Miners, Farmers
Feb 23 2015 // Commodities producers were spared the full wrath of a powerful cyclone that smashed into the east coast of Australia packing winds up to 285 kph (175 mph), but thousands of coastal residents on Monday faced a third day...
Risky Business: How Agents and the Industry Help Protect Farmers, Ranchers
Feb 23 2015 // When you think of hazardous jobs, what comes to mind? First responders, military professionals, even NFL football players are typically associated with some of the most dangerous jobs on earth. But what about farmers and...
Farmers Settles Suit with Radiological Firms Over Alleged Billing Fraud
Feb 11 2015 // Los Angeles, Calif.-based Farmers Insurance Exchange has reached a settlement in a lawsuit involving alleged billing fraud by two radiological companies and their owners. The complaint alleges that two radiological...
Oil-Tainted Feed Suspected in Death of 50K Turkeys in Michigan
Feb 11 2015 // Federal officials are investigating how feed likely contaminated with oil intended for industrial uses ended up killing 50,000 turkeys on a western Michigan farm in August. State scientists at a January meeting of the...
A.M. Best: Outlook Stable for Oklahoma Farm Bureau Mutual
Feb 11 2015 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B- (Fair) and the issuer credit ratings of “bb-” of the members of Oklahoma Farm Bureau Group: Oklahoma...
Disaster Declaration For Most of Nevada Due to Drought
Feb 9 2015 // The U.S. Agriculture Department has declared most of Nevada a natural disaster area due to lingering drought. And state water officials say more trouble is brewing for ranchers and farmers in western Nevada where cutbacks...
Legislation Addressing Property Claims Litigation Likely to Crop Up in Texas
Feb 9 2015 // By the end of 2008, the Texas residual market for insuring seacoast properties for wind and hail figured it had enough resources available to pay claims for both Hurricane Ike and Hurricane Dolly that hit the Texas coast...
Aon Benfield/Impact Forecasting Jan. Cat Report Highlights Winter Storms
Feb 6 2015 // The latest edition of Impact Forecasting, Aon Benfield’s catastrophe model development team’s, Global Catastrophe Recap report, evaluates the impact of the natural disaster events that occurred worldwide during...
Report: Modest Economic Growth Expected in Midwest, Plains
Feb 3 2015 // Weakness in the agriculture and energy sectors will slow the economy in nine Midwestern and Plains states this spring, according to a monthly survey of business leaders released Feb. 2. The region’s overall economic...
Ratings of Texas-Based Producers Agriculture Insurance Cos. Upgraded
Feb 2 2015 // A.M. Best announced it has upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit ratings to “aa” from “a” of Producers Agriculture Insurance Co. (Pro Ag)...
Washington Farmworker Safety Training Classes at Capacity
Feb 2 2015 // Surrounded by brushes, respirators and yellow plastic coveralls, Flor Servin held up a white baby onesie and told a room full of farm workers, in Spanish, they must scrub chemical residue from their protective equipment...
Obama Budget: Taxes, Infrastructure, Cybersecurity, Crop Insurance, Wildfires
Feb 2 2015 // President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and...
Democrats File Bill to Create U.S. Food Safety Agency
Jan 30 2015 // U.S. lawmakers proposed a bill this week that would create a single food safety agency by bringing together the oversight functions of the Food and Drug Administration, U.S. Department of Agriculture and other...
Campbell Named CIG’s Agency Development Manager for Northern California
Jan 21 2015 // Capital Insurance Group has named Dawnya Campbell agency development manager for the Western portion of the Bay Area Territory in the Northern California Region. The Northern California regional team serves independent...
Farmers Introduces Rideshare Coverage in Colorado
Jan 15 2015 // Farmers Insurance is introducing the company’s first rideshare coverage endorsement in Colorado. The product is designed to provide drivers with the insurance coverage specified in Colorado’s new ridesharing...
New U.S. Rules on Cuba Ease Travel, Trade, Insurance Restrictions
Jan 15 2015 // The United States rolled out a sweeping set of measures on Thursday to ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities. Defying hardline critics in...
2014 was Record Year for Idaho Farmers, Ranchers: Report
Jan 12 2015 // A new University of Idaho report says 2014 was another record year for Idaho farmers and ranchers. Researchers say sales of milk, livestock and crops reached nearly $10 billion, the fourth year in a row that cash receipts...
Nebraska Court Agrees with Insurer on Denial of Dog Bite Coverage
Jan 12 2015 // A woman who had part of her lower lip bitten off by a dog she was watching for friends has no right to seek payment of medical expenses from the owners’ home insurance company, the Nebraska Supreme Court...
Farmers Files Suit Against Multiple N.Y. No-Fault Medical Providers
Jan 8 2015 // Los Angeles-based Farmers Insurance Group announced that Farmers Insurance Exchange, one of the insurers comprising Farmers Insurance Group, and affiliates have filed a lawsuit in the state Supreme Court of New York...
