Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Farmers to Stop Selling New Homeowners
Sep 2 2002 // Farmers Insurance Company’s troubles in Texas mounted with an August 13 emergency cease and desist order issued against Farmers by the Texas Department of Insurance in an effort to “stop unfair pricing...
S&P Puts Kyoei on CreditWatch After Cancellation of Plan to Join Millea
Aug 23 2002 // Standard & Poor’s reacted quickly to the announcement by Japan’s Kyoei Mutual Fire & Marine Insurance Co. that it had canceled plans to join the Millea Group, and would instead become a subsidiary of...
Farmers to Stop Selling New Homeowners Policies in Texas
Aug 23 2002 // Farmers Insurance Company has directed its agents to discontinue selling new homeowners policies in Texas beginning Oct. 31. The company will also stop offering replacement policies, existing policies that are not renewed...
Texas AG Files Suit Against Farmers
Aug 19 2002 // Texas Governor Rick Perry and Attorney General John Cornyn announced that his office filed suit against Farmers Group Inc., the state’s second largest homeowners insurer, Aug. 5 for allegedly charging unnecessarily...
Ore. Farm Worker Ordered to Repay $16,649
Aug 16 2002 // The Department of Labor and Industries has ordered a 51-year-old former Yakima man to pay back $16,649.76 after an investigation showed he allegedly collected workers’ compensation benefits illegally for...
TDI Freezes Farmers’ Homeowners Rates
Aug 16 2002 // The Texas Department of Insurance has issued an emergency cease and desist order against Farmers subsidiaries Farmers Insurance Exchange and Fire Insurance Exchange that effectively freezes the carrier’s homeowners...
Acceptance Companies Notes Loss
Aug 14 2002 // Iowa-based Acceptance Insurance Companies Inc. announced a net after-tax loss of $5.2 million, or $0.36 per share, for the three months ended June 30, 2002. This compares with a net after-tax loss of $888,000, or $0.06 per...
Westfield Group, American Agrisurance Form Marketing Alliance
Aug 7 2002 // Westfield Group and American Agrisurance, Inc. (AmAg®) have formed a marketing alliance for the sale of crop insurance to agricultural producers throughout the northeastern and mid-Atlantic United States. According to...
Judge Dismisses N.D. Crop Lawsuit
Aug 7 2002 // A judge in Fargo, N.D. dismissed a lawsuit against the U.S. Department of Agriculture over the agency’s cancellation of a type of federal crop insurance for durum wheat last year. According to the Associated Press,...
Farmers Group of Companies Calls Texas Attorney General’s Lawsuit ‘Political Harassment’
Aug 6 2002 // In response to the lawsuit filed Aug. 5 by the Texas Attorney General against Farmers Insurance Group of Companies, the company has reviewed the allegations and says they are without merit. The lawsuit was filed by...
Acceptance Seeks to Expand Agricultural Operations
Aug 6 2002 // Iowa-based Acceptance Insurance Companies Inc. has retained Philo Smith & Co. as a financial advisor to assist the company in expanding its agricultural risk management operations. American Agrisurance Inc. and...
Acceptance Companies Rated
Aug 5 2002 // Fitch Ratings assigned a “B-” Long-Term issuer rating to Acceptance Insurance Companies Inc. (Acceptance) and a “CCC+” rating to Acceptance’s $94.875 million 9.00 percent Trust Preferred...
FARMERS EXCHANGE AND TRUCK EXCHANGE SUE BODY SHOP
Aug 5 2002 // Farmers Insurance Exchange and Truck Insurance Exchange began serving summons and complaints July 16 upon a Contra Costa County, Calif. body shop and its owners, accusing them of taking part in a large-scale scheme...
FARMERS ALLIANCE MUTUAL HALTS N.M. POLICIES
Aug 5 2002 // Property and casualty insurer Farmers Alliance Mutual Insurance Co. will accept no new customers in New Mexico and will not renew existing customers’ policies, impacting some 7,000 policyholders, according to the...
FARMERS ALLIANCE MUTUAL HALTS N.M. POLICIES
Aug 5 2002 // Property and casualty insurer Farmers Alliance Mutual Insurance Co. will accept no new customers in New Mexico and will not renew existing customers’ policies, impacting some 7,000 policyholders, according to the...
Acceptance Companies Rated
Aug 5 2002 // Fitch Ratings assigned a “B-” Long-Term issuer rating to Acceptance Insurance Companies Inc. (Acceptance) and a “CCC+” rating to Acceptance’s $94.875 million 9.00 percent Trust Preferred...
Acceptance Companies Assigned
Aug 5 2002 // Fitch Ratings assigned a “B-” Long-Term issuer rating to Acceptance Insurance Companies Inc. (Acceptance) and a “CCC+” rating to Acceptance’s $94.875 million 9.00 percent Trust Preferred...
Farmers Alliance Mutual Co. Puts Brakes on N.M. Business
Jul 22 2002 // Property and Casualty insurer Farmers Alliance Mutual Insurance Co. will accept no new customers in New Mexico and will not renew existing customers’ policies, impacting some 7,000 policyholders, according to the...
TDI Investigating Farmers’ New Homeowners Restrictions
Jul 22 2002 // Texas Insurance Commissioner Jose Montemayor has initiated an investigation of Farmers Insurance Co. to determine whether new homeowners restrictions it put in place violate fair trade practices. The Austin...
Acceptance Companies Rated by Fitch
Jul 22 2002 // Fitch Ratings assigned a “B-” Long-Term issuer rating to Acceptance Insurance Companies Inc. (Acceptance) and a “CCC+” rating to Acceptance’s $94.875 million 9.00 percent Trust Preferred...
