Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Livestock and Equine Mortality: A Texas Niche and a Late Notice Trap
Oct 17 2005 // Insureds under livestock and equine policies need to be familiar with the policy conditions and strictly comply with the policy conditions. Texas has been the source of much of the law, nationally, in regard to...
Dual Hurricanes Blew in Big Problems for Agribusiness in Louisiana,Texas
Oct 17 2005 // In addition to the immense destruction in heavily populated urban centers and coastal communities caused by Hurricanes Katrina and Rita, which hit the Gulf Coast region in August and September 2005, agricultural interests...
As Insured Acres Increase, Are Farmers Subsidizing High-Risk States?
Oct 17 2005 // As a direct result of the Agricultural Risk Protection Act of 2000 more farmers are insuring their cropland. Nationwide, insured acres have increased by 14.6 million acres and coverage increased by $12.2 billion over the...
As Insured Acres Increase, Are Farmers Subsidizing High-Risk States?
Oct 17 2005 // The hurricane [Katrina] produced catastrophic Broward and Miami- Dade counties in Florida. As a direct result of the Agricultural Risk Protection Act of 2000 (ARPA), more farmers are insuring their cropland. Nationwide,...
AIA Backs U.S. WTO Trade Negotiation Efforts; Looks for Opening of Markets
Oct 14 2005 // The American Insurance Association (AIA) on Friday commended U.S. trade negotiators for their efforts to revive World Trade Organization (WTO) talks and provide hope for the opening of global insurance markets. “We...
Best Downgrades FSR of Mississippi Farm Bureau Mutual Insurance Co.
Oct 14 2005 // A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A+ (Superior) of Mississippi Farm Bureau Mutual Insurance Company (MFB) (Jackson). The rating remains under review with negative...
OneBeacon Closes Sale of National Farmers Union to QBE
Oct 4 2005 // OneBeacon Insurance Group in Boston has completed the sale of National Farmers Union Property and Casualty Company subsidiary to QBE Insurance Group as planned for approximately $142 million. The transaction included...
Agriculture Losses in La. from Hurricane Rita to Top $472 Million
Oct 4 2005 // The Louisiana Department of Agriculture and Forestry reported that with preliminary estimates in, it appears agriculture and forestry will take at least a $472 million hit from Hurricane Rita. Coupled with the growing...
Farmers Insurance Reports Katrina Losses Within Yearly Figures
Oct 4 2005 // The Farmers Insurance Group of Companies announced Tuesday the estimated losses experienced by its Property and Casualty Insurance Exchanges from Hurricane Katrina. Louisiana, Alabama and Mississippi are relatively new...
FLORIDA
Oct 3 2005 // The Prosecutor’s Office has charged five St. Petersburg residents with filing false claims and defrauding two car insurance companies after a May 2004 two-car wreck in Pinellas Park, Fla. Zlatan Ramic, Alija...
Wake Forest Study Reveals High Rate of N.C. Poultry Farmer Injuries
Sep 28 2005 // A survey of poultry workers in western North Carolina reveals high rates of injuries, as well as significant differences among poultry companies in numbers of injuries and how workers view company emphasis on safety. The...
Wells Fargo Acquires JS Crop Insurance
Sep 28 2005 // Wells Fargo Insurance, Inc., a subsidiary of Wells Fargo & Company, has acquired the crop insurance business from Portland, Indiana-based JS Crop Insurance, Inc. (JS Crop), expanding Wells Fargo’s reach to...
Oregon Mutual Assisting Mississippi Farm Bureau
Sep 26 2005 // Oregon Mutual Insurance is donating the time and expertise of its property adjusters to help the Mississippi Farm Bureau handle the thousands of insurance claims related to Hurricane Katrina. “We are stepping up to...
California Raisin Growers Try To Save Crops After Early Storm
Sep 23 2005 // An early thunderstorm soaked California’s vineyards, threatening the nation’s raisin crop even as many farmers missed the deadline to qualify for crop insurance. California fields produce all domestically grown...
Best Affirms FSR for Farmers’ Mutual Insurance Association, FMIL
Sep 22 2005 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Farmers’ Mutual Insurance Association (FMIA) (New Zealand) and its core subsidiary, Farmers’ Mutual Insurance Limited (FMIL) (New...
American Financial Announces Purchase of Farmers Crop Ins. Alliance
Sep 21 2005 // American Financial Group, Inc. has executed a definitive agreement to purchase Farmers Crop Insurance Alliance, Inc. (Farmers) from Farmers Alliance Mutual Insurance Company (Farmers Alliance). Farmers is a leading...
N.C. Agriculture Losses $19.6M From Hurricane Ophelia
Sep 21 2005 // Hurricane Ophelia resulted in damages to North Carolina’s agricultural industry amounting to $19.6 million, based on reports tabulated from 13 counties. According to the North Carolina Department of Agriculture and...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
N.C. FARMERS RECEIVE ASSISTANCE
Sep 19 2005 // North Carolina farmers who suffered flooding losses from last year’s hurricanes will soon receive disaster-assistance grants from the North Carolina Department of Agriculture and Consumer Services. The checks issued...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
