Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Ore. Court Reverses Decision in Farmers Ins. Case
Dec 7 2004 // Oregon’s highest court has ruled against Farmers Insurance, saying the insurance company had no right to deduct the payouts an injured woman received from two other insurance sources. In 1988, Terrel Ann Bergmann was...
Montemayor Issues Statement on Farmers Settlement
Dec 7 2004 // Texas Insurance Commissioner José Montemayor released the following statement on the state’s settlement agreement with Farmers Insurance Company on homeowners rate reductions: “I have reached an agreement with...
Self Insured Solutions Forms California’s First Agricultural Workers’ Comp Self-insured Group
Dec 6 2004 // Following up on the establishment of the California Contractors Network — a self-insured group (SIG) for high-risk employers — Self Insured Solutions has created California’s first Agricultural...
S.D. Court Rules on When Umbrella Kicks in as Excess Coverage
Dec 6 2004 // Deciding an issue never settled before in South Dakota, the state Supreme Court said that secondary, umbrella insurance does not kick in until another insurer’s primary coverage has paid its full limit. The unanimous...
Pa. Gov. Rendell Signs Bills on Crop Insurance, Insurance Company Surplus Rules
Dec 1 2004 // Pennsylvania Governor Edward G. Rendell has signed into law several bills affecting the insurance industry, including one on crop insurance awareness and another on insurance company surplus contributions. Senate Bill 912,...
Feds Put Brake on More Direct-to-Consumer Crop Insurance Pending Further Review
Nov 22 2004 // American farmers and independent insurance agents selling crop insurance reportedly scored an important victory late Friday, when the Federal Crop Insurance Corp. (FCIC) Board put the brakes on the proliferation of Premium...
Zurich Posts 35% Increase in Nine Month Net Income
Nov 17 2004 // Zurich Financial Services reported a 35 percent increase in its net income for the first nine months of 2004 to $1.902 billion, compared to $1.41 billion in the same period of 2003, despite the impact of the Florida...
Farmers Survey Says Some Drivers Have the Rage
Nov 15 2004 // More than 10 percent of drivers admit they have intentionally cut off other drivers or have wanted to force them off the road during the past year, according to a recent survey by Farmers Insurance Group. Of the 1,001...
The Feds are Endangering Future of Crop Insurance
Nov 8 2004 // Ten years ago, the Federal Multi-Peril Crop Insurance Program covered fewer than 100 million acres of U.S. farmland. That number has more than doubled since 1994, and today it is close to 220 million acres. This is...
Commercial Agribusiness
Nov 8 2004 // Nuts & Bolts: The Seattle, Wash.-based Mattei Companies is offering a new market for commercial agribusiness. The program has now expanded into 30 states targeting operations after the product has left the fields,...
Japan: Powerful, Beleaguered and Consolidating
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
A.M. Best Affirms FSR for Florida Farm Bureau Group
Oct 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the Florida Farm Bureau Group. The rating applies to Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida...
Ga. Farmers Eligible for Agriculture Disaster Assistance Backed by the U.S. Senate
Oct 13 2004 // Georgia Gov. Sonny Perdue announced this week that Georgia farmers will be eligible to receive financial assistance due to their losses from Hurricanes Frances, Ivan, and Jeanne. The U.S. Senate on Monday passed $2.9...
Farmers Sues L.A. Body Shop for Alleged Fraud
Oct 11 2004 // Farmers Insurance Exchange has begun serving civil summons and complaints upon a Los Angeles body shop and its director, accusing them of taking part in a scheme designed to defraud Farmers and its policyholders. The civil...
FATAL WORK INJURIES DROP IN MINN.:
Oct 11 2004 // Seventy–two fatal work injuries were recorded in Minnesota in 2003, a decrease of nine cases from 2002, according to the Census of Fatal Occupational Injuries, conducted by the Bureau of Labor Statistics. The total...
Ga. Farmers Aided in Battle with Frances
Oct 6 2004 // Georgia farmers received welcomed news this week as the United States Department of Agriculture (USDA) granted a primary disaster declaration for 83 counties and a contiguous disaster declaration for 33 counties. On Sept....
The Hartford FSG to Sell Crop Business to Wells Fargo’s Rural Community Insurance Co.
Oct 4 2004 // The Hartford Financial Services Group Inc. has reportedly agreed to transfer all its multi-peril crop insurance to Rural Community Insurance Company (RCIC), a subsidiary of Wells Fargo & Company. Financial terms were...
Florida Farm Bureau Uses Satellite Mapping to Speed Insurance Claims
Sep 29 2004 // With more than half of Florida’s 17 million residents directly affected by Hurricane Charley and Hurricane Frances, the Florida Farm Bureau (FFB) Insurance Companies is using geographic information system (GIS)...
Mistakes Cost Farmers Millions in Lost Insurance Pay
Sep 29 2004 // Farmers may lose millions of dollars in insurance payments for their sprout-damaged wheat because of widespread mistakes in sampling their crop at Kansas grain elevators, state officials said. Kansas Agriculture Secretary...
Fatal Work Injuries Drop in Minn.
Sep 23 2004 // Seventy-two fatal work injuries were recorded in Minnesota in 2003, a decrease of nine cases from 2002, according to the Census of Fatal Occupational Injuries, conducted by the Bureau of Labor Statistics. The total is...
