Deere & Company News

FTC Prepares Lawsuit Over Deere Equipment Repair Practices

The US Federal Trade Commission has prepared a lawsuit against tractor giant Deere & Co. alleging the company’s agricultural equipment repair practices violate competition laws, according to people familiar with the matter. The agency is prepared to file the case …

How Caterpillar, Deere Kept Equipment Making Plants Open During Coronavirus Outbreak

While Detroit automakers’ unionized auto factories have been idled by the coronavirus pandemic, farm and construction equipment makers Deere and Caterpillar have won the support of the United Auto Workers and other unions to run their facilities during the pandemic. …

Deere Mulling Options for Crop Insurance Business

Deere & Company, based in Moline, Ill., announced it is reviewing strategic options for its crop insurance business, which underwrites policies through John Deere Insurance Co., a business unit within John Deere Financial. Deere said no formal decisions have been …

Ratings Recap: Farmers Auto/Pekin, John Deere, Southern Pioneer P&C

A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of The Farmers Automobile Insurance Association and its wholly owned subsidiary, Pekin Insurance Company (together known as Pekin). Best also …