Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Getting Back to Nature Requires Getting Proper Farm Insurance
Feb 21 2010 // Mr. and Mrs. Everyman and their family have decided to get back to nature. They are proud owners of a country home with 25 acres and a barn. Their insurance agent has covered the new home and property with a traditional...
South Carolina Court: Worker Hurt at Job Housing Covered by Insurance
Feb 18 2010 // A seasonal worker is entitled to workers compensation benefits for an injury sustained after falling at a housing complex supplied by his employer, the South Carolina Supreme Court has ruled. The court sided with the...
CaribRM a Finalist for Innovative Financial Solutions Grant Award
Feb 12 2010 // Caribbean Risk Managers Ltd. (CaribRM), in partnership with the Development Bank of Jamaica (DBJ), has been selected as one of 20 finalists at the Marketplace on Innovative Financial Solutions for Development competition...
Oklahoma Farm Bureau Group and Members Downgraded
Feb 10 2010 // A.M. Best Co. reports it downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit ratings to “bb” from “bbb-” of Oklahoma Farm Bureau Group and its members, Oklahoma...
El Nino Drowning Texas Wildfire Threat
Feb 9 2010 // Central Texas rancher Debbie Davis can hardly believe the turnaround in rainfall. While her pastures were parched and withered last summer after nearly two years without appreciable rain, the area northwest of San Antonio...
Georgia Governor Backs Appointed, Not Elected, Insurance Chief
Feb 8 2010 // Georgia Gov. Sonny Perdue’s proposal to appoint — rather than elect — four statewide constitutional officers has run headlong into opposition. Critics from both parties said the plan was unlikely to win...
It Figures
Feb 7 2010 // $12 Billion Hurricane Ike, which struck Galveston on Sept. 13, 2008, is so far the costliest weather catastrophe in Texas history, racking up nearly $12 billion in windstorm and flood insurance claims. Windstorm claims in...
It Figures
Feb 7 2010 // $1.5 Billion Projected budget deficit Colorado lawmakers are grappling with, as they evaluate proposals to slash spending for public education, higher education, Medicaid and other programs. Among the proposals being...
Aon Warns on Political, Financial Risks; Berkshire Bets a Billion on Munich Re; IPCC Defends Climate Change Report; Frau
Feb 7 2010 // Aon Risk Services 17th Political Risk Map highlights continued political and financial instability for global business in 2010, closely linked to the ongoing recession in many parts of the world. “Rising risk levels...
Age and Wisdom
Feb 7 2010 // Top 100 Agency Profile Agency Name: Marshall and Sterling Enterprises Inc. Headquarters: Poughkeepsie, N.Y. Year Founded: 1864 Additional Locations: 17 2008 Total Premium Volume: $342 million Property/Casualty: $289...
Zurich 2009 Net Income up 6% to $3.2 Billion; Farmers Boosts Profits
Feb 4 2010 // The Zurich Financial Services Group posted across the board income gains in all of its core business segments and targeted growth in profitable market areas, particularly in Global Life and from Farmers. The Group...
Farm, Insurance Loss Estimates from Florida Freeze Still Weeks Away
Feb 2 2010 // It will still be weeks, into March and April, before the full extent of crop damage and insurance payments from Florida’s recent extended freeze will be known. While Florida’s citrus industry has been hard hit,...
Bithell Named Farmers Insurance VP and Chief Underwriting Officer
Feb 2 2010 // Los Angeles-based Farmers Insurance Group of Companies has appointed Susan Bithell vice president and chief underwriting officer. In her new role, Bithell will oversee the continued alignment of the company’s...
Political, Financial Risk Levels Continue High in 2010, Says Aon
Jan 28 2010 // Political and financial instability remain a feature of the business landscape as a result of the recession, according to Aon Risk Services, the global risk management and insurance brokerage business of Aon Corp. The...
Agricultural Injuries Account for 5.5% of Calif. Workers’ Comp Claims
Jan 27 2010 // Agricultural claims cost the California workers’ compensation system $1.46 billion in loss payments, according to a recent “Industry Scorecard. According to the Scorecard, which provides data on accident year...
Private Crop Insurers Oppose Funding Cuts
Jan 22 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program they say would cut $4 billion — or $800 million a year — over the next five years. The proposal, by the...
Farmers Insurance to Sponsor Upcoming PGA Tour Event in California
Jan 20 2010 // The San Diego Open found a title sponsor one week before its tournament, the fourth new sponsor the PGA Tour has attracted in the last nine months. The tour said that Farmers Insurance Group has agreed to be title sponsor...
World Economic Forum Presents Global Risks Report for Davos Summit
Jan 15 2010 // The World Economic Forum released Global Risks 2010, its annual report on the most significant global risks facing the global economy, in a presentation held at Marsh’s London office. The report, which the WEF has...
Florida Citrus Growers Report More Damage From Another Freeze
Jan 13 2010 // Citrus growers in central Florida Tuesday reported more freeze damage to their oranges from another night of freezing temperatures and said they also feared leaf and twig damage could hurt the 2010/11 crop. Citrus growers...
Acadia Expands Agribusiness Product Line
Jan 13 2010 // Maine-based insurer Acadia Insurance said it is now offering a complete range of bundled products for the agribusiness industry throughout New England and New York. Acadia’s agribusiness target markets include:...
