Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Age and Wisdom
Feb 7 2010 // Top 100 Agency Profile Agency Name: Marshall and Sterling Enterprises Inc. Headquarters: Poughkeepsie, N.Y. Year Founded: 1864 Additional Locations: 17 2008 Total Premium Volume: $342 million Property/Casualty: $289...
Zurich 2009 Net Income up 6% to $3.2 Billion; Farmers Boosts Profits
Feb 4 2010 // The Zurich Financial Services Group posted across the board income gains in all of its core business segments and targeted growth in profitable market areas, particularly in Global Life and from Farmers. The Group...
Farm, Insurance Loss Estimates from Florida Freeze Still Weeks Away
Feb 2 2010 // It will still be weeks, into March and April, before the full extent of crop damage and insurance payments from Florida’s recent extended freeze will be known. While Florida’s citrus industry has been hard hit,...
Bithell Named Farmers Insurance VP and Chief Underwriting Officer
Feb 2 2010 // Los Angeles-based Farmers Insurance Group of Companies has appointed Susan Bithell vice president and chief underwriting officer. In her new role, Bithell will oversee the continued alignment of the company’s...
Political, Financial Risk Levels Continue High in 2010, Says Aon
Jan 28 2010 // Political and financial instability remain a feature of the business landscape as a result of the recession, according to Aon Risk Services, the global risk management and insurance brokerage business of Aon Corp. The...
Agricultural Injuries Account for 5.5% of Calif. Workers’ Comp Claims
Jan 27 2010 // Agricultural claims cost the California workers’ compensation system $1.46 billion in loss payments, according to a recent “Industry Scorecard. According to the Scorecard, which provides data on accident year...
Private Crop Insurers Oppose Funding Cuts
Jan 22 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program they say would cut $4 billion — or $800 million a year — over the next five years. The proposal, by the...
Farmers Insurance to Sponsor Upcoming PGA Tour Event in California
Jan 20 2010 // The San Diego Open found a title sponsor one week before its tournament, the fourth new sponsor the PGA Tour has attracted in the last nine months. The tour said that Farmers Insurance Group has agreed to be title sponsor...
World Economic Forum Presents Global Risks Report for Davos Summit
Jan 15 2010 // The World Economic Forum released Global Risks 2010, its annual report on the most significant global risks facing the global economy, in a presentation held at Marsh’s London office. The report, which the WEF has...
Florida Citrus Growers Report More Damage From Another Freeze
Jan 13 2010 // Citrus growers in central Florida Tuesday reported more freeze damage to their oranges from another night of freezing temperatures and said they also feared leaf and twig damage could hurt the 2010/11 crop. Citrus growers...
Acadia Expands Agribusiness Product Line
Jan 13 2010 // Maine-based insurer Acadia Insurance said it is now offering a complete range of bundled products for the agribusiness industry throughout New England and New York. Acadia’s agribusiness target markets include:...
Unusual Cold Spell Imperils Florida Crops, Homes
Jan 13 2010 // Here’s something you don’t often see in this town at the heart of the state’s $9 billion citrus industry: a sign at the public library that says, “ICE! On sidewalk. Be careful!” Growers were...
The Gibraltar Group Addressing Dairy Industry Risks
Jan 12 2010 // Insurance and risk management firm, The Gibraltar Group, headquartered in Lubbock, Texas, has introduced a new insurance program to address the risks faced by the dairy industry. Businesses served by the new program...
A.M. Best Upgrades Farm Bureau County Mutual Insurance Co. of Texas
Jan 12 2010 // A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” for Farm Bureau County Mutual Insurance Company of Texas...
Farmers to Reduce Rates for Family Home Policy in Texas
Jan 12 2010 // The Texas Department of Insurance, the Office of Public Insurance Counsel and Farmers Insurance Company have reached a settlement in a dispute over a homeowners insurance rate increase filed by Farmers in June...
People
Jan 10 2010 // Virginia-based specialty insurer Markel Corp. announced that its President and Chief Operating Officer Paul W. Springman resigned. Springman had been on a leave of absence since late October. The Independent Insurance...
Uneven Expectations
Jan 10 2010 // Economy to Recover in Some States Before Others The most recent reports of property/casualty insurers indicate a return to profits, thanks in large measure to a quiet hurricane season. But behind the rosy reports is a...
North Carolina Farm Bureau Employee Charged with Embezzlement
Jan 6 2010 // A former customer service representative for the North Carolina Farm Bureau Insurance Co. has been arrested on charges she embezzled premium payments from customers. North Carolina Insurance Commissioner Wayne Goodwin...
Special Reuters Report: America’s Route to Recovery
Dec 29 2009 // When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school...
North Dakota Alleges Agent Fraud in Farm, Homeowners Insurance Sales
Dec 28 2009 // North Dakota Insurance Commissioner Adam Hamm has issued a cease and desist order against Patricia Howard, a Dunn Center insurance agent, who is alleged to have engaged in deceitful and dishonest practices against her...
