Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Florida Farm Bureau Mold Guidelines Approved
Dec 20 2002 // The state of Florida and Florida Farm Bureau Insurance Companies worked out an agreement concerning guidelines on coverage for mold in homeowners policies. According to United Press International, the detailed guidelines...
Farmers Awards Young Americanos Photo Contest Winners
Dec 16 2002 // At a special ceremony in McAllen, Texas, Farmers Insurance awarded more than $6,000 in academic scholarships to 35 student winners, mostly from the Rio Grande Valley, of the Farmers-sponsored Young Americanos Youth...
Lawsuits Aim to Block Farmers Settlement
Dec 13 2002 // Policyholders unhappy with the settlement worked out between Farmers Insurance Group and the state of Texas filed lawsuits seeking to block the $100 million settlement that was reached on Nov. 30. According to the...
NE Ins. Dept., USDA Risk Management Agency Conclude Agreement on American Growers
Dec 12 2002 // L. Tim Wagner, Director of the Nebraska Department of Insurance (NDI), and Ross J. Davidson, Jr., Administrator of USDA’s Risk Management Agency (RMA) announced the signing of a “Memorandum of...
Farmers, Mid-Century Ins. Co. Sue Calif. Body Shops for Fraud
Dec 11 2002 // Farmers Insurance Exchange and Mid-Century Insurance Company have begun serving civil summons and complaints upon an Oakland, Calif. body shop and a Ventura County, Calif. body shop, their owners, former Farmers employees...
Settlement Reached: Farmers to Stay in Texas
Dec 2 2002 // The Texas Department of Insurance (TDI) and the Office of Attorney General (OAG) announced that a settlement was reached with Farmers Insurance Group on November 30, under which Farmers will continue to offer homeowners...
USDA Refuses Approvals for Sale of Acceptance Crop Policies; American Growers Under Supervision
Nov 26 2002 // Acceptance Insurance Companies Inc. announced that Rain and Hail, L.L.C and others have discontinued efforts to purchase its crop insurance assets, mainly its American Growers Insurance Company (AGIC) subsidiary, following...
TEMP. DEAL FOR FARMERS, STATE
Nov 25 2002 // Farmers Insurance Group of Companies worked out a temporary deal with the Governor’s office, the Texas Department of Insurance (TDI) and the Office of Attorney General (OAG) under which it will continue to offer...
Acceptance to Receive $21.5 Million for Crop Insurance, S&P Lowers Ratings
Nov 20 2002 // Acceptance Insurance Companies Inc. (AICI) gave further details of its preliminary agreement with Rain and Hail L.L.C. and others, to sell its crop insurance assets. If the deal is concluded and approved by regulators,...
S&P’s Puts Acceptance Insurance Cos. and Subsidiaries on Watch Negative
Nov 19 2002 // Standard & Poor’s has placed its ‘B+’ counterparty credit rating on Acceptance Insurance Cos. Inc. (AICI) and its operating units on CreditWatch with negative implications. At the same time, Standard...
Acceptance Posts $131 Million Q3 Loss, Plans to Exit Crop Insurance
Nov 19 2002 // Acceptance Insurance Companies Inc. reported an estimated after-tax net loss of $131 million, or $9.23 per share, for the third quarter of 2002. The figure includes the previously reported loss from crop insurance...
Farmers to Extend Renewals 30 Days; Rate Cut Part of Temporary Settlement
Nov 12 2002 // As a result of ongoing discussions with the Governor’s office, the Texas Department of Insurance (TDI) and the Office of Attorney General (OAG), the Farmers Insurance Group of Companies announced that it would...
No Duty to Investigate Before Terminating Agent
Nov 11 2002 // In Texas Farm Bureau Mut. Ins. Co. v. Sears, the Texas Supreme Court addressed what duties an insurance company owes an independent agent when terminating an “at will” relationship. No. 01-0851 (Tex., Aug. 30,...
Farmers Says it Stated Just the Facts in Ballard Case
Nov 8 2002 // Responding to a lawsuit filed against the company by Melinda Ballard alleging libel as a result of a defamatory and false statement, Farmers Insurance Group of Companies said it has only stated the facts of their claim to...
Ballard Sues Farmers Over Accusations
Nov 6 2002 // Austin, Texas-based homeowner advocate, Melinda Ballard, announced she filed a lawsuit in Travis County District Court against Farmers Insurance (Farmers) and its paid spokesman for falsely accusing her of committing...
Georgia Farm Bureau Mutual Selects Direcway Satellite System
Oct 31 2002 // Georgia Farm Bureau Mutual Insurance Company (GFB), based in Atlanta, will deploy Hughes Network Sytems’ (HNS) DIRECWAY(R) satellite solution for network services. Signal Mountain will be the service provider. With...
Farmers Information May Go Public
Oct 28 2002 // Travis County District Judge Scott Jenkins ruled that certain information the Texas Department of Information believes supports its claims against Farmers Insurance Group of Companies can be released to the...
Indiana Farm Bureau Insurance Seeking Project XL Participants
Oct 28 2002 // Indiana Farm Bureau Insurance has issued a bulletin reminding the state’s high school students to begin planning for their participation in the company’s annual “Project XL (Excel)” creative arts...
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless, commentators were almost unanimous in predicting that the market would harden,...
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless commentators were almost unanimous in predicting that the market would harden,...
