Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Texas’ Farmers Settlement Gains Preliminary Approval
May 23 2003 // State District Judge Scott Jenkins in Austin gave a nod to the $117.5 million settlement between the state of Texas and Farmers Insurance Group. According to the Austin American-Statesman, the preliminary approval ends a...
Wash. Woman Files Bad Faith Lawsuit Against Farmers Ins.
May 16 2003 // A Redmond, Wash. woman filed a bad faith lawsuit against Farmers Insurance Company of Washington (Farmers) accusing the company of systematically using a computer program called “Colossus” to provide an...
Farm and Ranch
May 5 2003 // Nuts & Bolts: Abram Interstate, Inc. has an extensive Farm/Ranch Package Program available. Program is eligible for accounts including; working horse, cattle and crop farms. This includes boarding, breeding, training,...
Farmers Insurance Group and I Saw You Safety & Scholarship Foundation Begin Pilot Program for Teen Drivers
May 2 2003 // Because teen drivers are responsible for a death every 90 minutes and an injury every single minute in our country, I SAW YOU SAFETY & SCHOLARSHIP FOUNDATION and FARMERS INSURANCE GROUP are launching a pilot program...
Palmer & Cay Forms Equine Unit; Specialty Team to be Based in Ky.
Apr 23 2003 // Palmer & Cay, Inc., an insurance brokerage and benefits consulting firm, has expanded its services to include a team of specialists focusing exclusively on the equine industry. The new practice will be based in...
Former Farmers Agent Charged with 39 Felony Counts
Apr 4 2003 // Officers from the California Department of Insurance (CDI) arrested Patrick James Murphy, 45, of Norco, April 2 and charged him with 39 felony counts including grand theft, elder abuse, forged official seal, and submission...
BB&T Unit to Buy Kentucky Agencies
Apr 4 2003 // BB&T Insurance Services said it plans to acquire Kentucky agencies, Old Colony Insurance Service (Louisville) Inc. and Cromwell Insurance Agency of Lexington. Cromwell is jointly owned by Old Colony and Ludt-Bell...
NAMIC Comments on Interim Rules of Terrorism Risk Ins. Act
Apr 3 2003 // The National Association of Mutual Insurance Companies (NAMIC) submitted comments this week to the Department of Treasury on the first round of interim final regulations of the Terrorism Risk Insurance Act (TRIA). The...
Fireman’s Fund, Rural Community Ins. to Provide Crop Ins.
Mar 27 2003 // Fireman’s Fund Insurance Company (FFIC) and Rural Community Insurance Company (RCIC), a subsidiary of Wells Fargo & Company, have announced plans to form a business relationship to administer and reinsure crop...
AAIS Seeks Clarification from Treasury on Status of Rental Dwellings and Farms
Mar 4 2003 // The American Association of Insurance Services (AAIS) is asking the U.S. Department of the Treasury to clarify recently issued terrorism reinsurance regulations as they apply to certain rental dwellings and farm...
XL London Market Names SE Equine Global Practice Leader
Feb 27 2003 // XL London Market Ltd (XLLM), an XL Capital Ltd company announced that Julian Bowen-Rees was named global practice leader for XL’s equine business, including both the XLLM bloodstock and livestock operations and...
S&P Cuts Kentucky Farm Bureau Mutual Ratings
Feb 24 2003 // Standard & Poor’s Ratings Services said lowered its counterparty credit and financial strength ratings on Kentucky Farm Bureau Mutual Insurance Co. (Kentucky Farm Bureau) to “Api” from...
TRY AGRIBUSINESS FOR GROWTH
Feb 24 2003 // The 16th Annual Agribusiness Conference will be held March 20-21 in Sacramento, Calif. Agencies that specialize in writing farm and agribusiness risks are strongly encouraged to attend, as the conference is dedicated to...
16th Annual Agribusiness Conf. Set for March 20-21
Feb 21 2003 // The 16th Annual Agribusiness Conference will take place March 20-21 in Sacramento. The conference will focus on how to grow a book of business by covering agricultural risks. Dr. Emmett J. Vaughan, along with a panel of...
Rep. Pickering to Address Professional Agents in D.C. April 3
Feb 14 2003 // Rep. Charles “Chip” Pickering (R- Mississippi) will address members of the National Association of Professional Insurance Agents (PIA National) during the group’s annual Federal Legislative Summit April...
CDI Busts Up Fraudulent Auto Scheme
Feb 10 2003 // CDI Fraud Division Investigators arrested four individuals after executing search warrants at their homes and an auto body repair shop located in Oakland. California residents Art Mercado, 56, of Alameda, Scott Carey, 31,...
Farm Bureau Mutual, Western Ag. Lowered
Feb 10 2003 // S&P’s lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to...
Farm Bureau Mutual, Western Ag. Lowered
Feb 10 2003 // S&P’s lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to...
S&P’s Lowers Rtgs. on Farm Bureau Mutual Co., Western Agricultural
Jan 22 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to...
Iowa Commissioner to Deliver Keynote Address for AAIS Conf.
Jan 21 2003 // Iowa Commissioner Therese Vaughan, outgoing president of the National Association of Insurance Commissioners (NAIC), will deliver the keynote address at the 2003 American Association of Insurance Services (AAIS) Annual...
