Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Sequoia Insurance Offers California Agribusiness Program
Jan 9 2008 // Monterey, Calif.-based Sequoia Insurance Co., has introduced Agricultural Edge, a program designed in partnership with California agents to serve California agribusiness. Target markets include many of the Golden...
Georgia Insurance Agency Announces Acquisition of Magnum OPUS
Jan 8 2008 // Carrollton, Ga.-based Britt/Paulk Insurance Agency Inc., acquired Idaho-based Magnum OPUS and all of its assets in a transaction that took effect on Jan.1. Magnum OPUS will begin operating as the Britt/Paulk Boise, Idaho...
Farmers Contributes $62,000 to La Jolla Mission Indians to Rebuild After Fires
Jan 8 2008 // Los Angeles-based Farmers Group Inc. announced it is presenting $62,000 to the La Jolla Band of Mission Indians to help rebuild after the Southern California fires of 2007. “The La Jolla Tribe felt first-hand the...
Tennessee Auction Barn Burns in Fayetteville, No Injuries Reported
Jan 4 2008 // A large livestock auction barn in Fayetteville was destroyed by a fire early Wednesday morning but no people or animals suffered injuries. The Tennessee Livestock Producers Association — a service of the Tennessee Farm...
Washington Increasing Minimum Wage 14 Cents
Dec 28 2007 // Washington’s minimum wage will increase 14 cents to $8.07 an hour beginning Jan. 1, 2008, according to the Department of Labor and Industries. Washington’s minimum wage applies to workers in both agriculture...
Agritourism Grows in Okla.
Dec 28 2007 // Two of Oklahoma’s largest industries, agriculture and tourism, have combined to give local tourist destinations a new level of exposure. The Oklahoma Agritourism initiative, a partnership between the Oklahoma Tourism...
Storm May Only Dent Oregon Economy, Damage Still Serious
Dec 18 2007 // The Pacific storm that toppled trees and cut off power for days along the northern Oregon coast earlier this month left serious damage in the three counties that bore its brunt but may only dent the statewide...
Farmers Insurance Wants Steep Rate Hike in Texas’ Gulf Counties
Dec 17 2007 // Farmers Insurance has indicated it wants to raise home insurance rates 20 to 30 percent along the Texas coast, while reducing rates in many other areas. The company’s rate filing with the Texas Department of...
Farmers Insurance Offers One-Year Auto Policy in Alabama
Dec 11 2007 // Farmers Insurance Group of Companies, including Farmers Insurance Exchange will offer an annual auto insurance policy in Alabama that will allow auto insurance policyholders and new customers to choose a full-year auto...
Farmers Insurance Introduces New Annual Auto Policy in Ohio
Dec 11 2007 // Farmers Insurance Group of Cos., including Farmers Insurance Company of Columbus recently announced a new product for its over 256,000 insurance policyholders or new policyholders in Ohio. Beginning December 17, 2007, the...
‘Most Secure Places to Live’ Are In Ore., Calif. and Wash.
Dec 11 2007 // Health, prosperity, safety and security are all desirable aspects when it comes to seeking a place to live, work or raise a family. According to the fourth annual Most Secure U.S. Places to Live rankings from Farmers...
S&P Details Actions Taken on ‘Public Information’ Ratings
Dec 10 2007 // Standard & Poor’s Ratings Services has announced various rating actions on insurance companies with public information (pi) ratings. S&P explained that “ratings with a ‘pi’ subscript are...
Endurance Closes ARMtech Acquisition
Dec 10 2007 // Bermuda-based Endurance Specialty Holdings Ltd. announced the closing of the acquisition by Endurance US Holdings Corp. of ARMtech Insurance Services, Inc. and its affiliates (See IJ web site –...
Consumer Group Challenges Farmers Insurance’s California Homeowners Rate Increase
Dec 7 2007 // A California consumer group is challenging Farmers Insurance Co.’s request for a rate increase of 6.9 percent. The Foundation for Taxpayer and Consumer Rights (FTCR), in a petition filed Monday with the state...
BMS Group Acquires Property/Casualty Team in Minn.
Dec 6 2007 // Global reinsurer BMS announced today that it has acquired a P/C brokerage team based in Minneapolis. The nine member team is led by senior brokers Jim Brost and Mike Joyce. “The acquisition of this team boosts our...
Best Affirms and Withdraws Farmers Mutual Ratings
Dec 5 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘B’ (Fair) and the issuer credit rating of “bb” of Farmers Mutual Insurance Company (PA) of Elizabethtown, Penna. with a negative...
Study: Safety Belt Use Still Important
Nov 19 2007 // Using the 2006 fatal crash data released by the U.S. Department of Transportation, Los Angeles-based Farmers Insurance has completed a study to determine the most influential factors in drivers’ mortality rate in...
Zurich 9 Month Net Jumps 25% to $4.157 Billion; Farmers up 6%
Nov 15 2007 // Zurich Financial Services Group is having a good year with nine month net profits increasing by 25 percent to $4.157 billion, compared to $3.326 billion for the same period in 2006. Other earnings highlights included the...
Ga. Tree Farmers Worry about Drought, Bugs in Aftermath of Wildfires
Nov 13 2007 // The wildfires that burned almost a half-million acres in south Georgia were snuffed out months ago, but tree farmers now face prolonged drought and insect infestations as they prepare to replant the vast...
Okla.’s Anti-Illegal Immigration Law Affecting Agriculture Sector
Nov 6 2007 // Oklahoma’s new anti-illegal immigration law has some farmers and agricultural businesses scrambling for laborers as Hispanic workers fearful of being deported stay away from work. House Bill 1804, which went into...
