Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
2016 Atlantic Hurricane Season Should See Normal Activity of 12 Names Storms: CSU
Apr 25 2016 // The coming Atlantic hurricane season should produce a near-average 12 named storms before it ends in November, according to Phil Klotzbach, lead author of the pioneering Colorado State University forecast. At least five of...
Farmers Launches Rideshare Insurance Coverage in Georgia
Apr 19 2016 // Farmers Insurance has introduced new rideshare insurance coverage for drivers in Georgia. According to Mariel Devesa, head of product innovation for Farmers Insurance, the coverage is available to ridesharing drivers as...
A.M. Best Revises Outlook for Mississippi Farm Bureau Insurance
Apr 18 2016 // A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Mississippi Farm Bureau Casualty Insurance Co. in...
Agents Storm Capitol Hill
Apr 18 2016 // Independent insurance agents and brokers from all 50 states convened in Washington, D.C., last week for the biggest and most effective industry gathering of its kind: the Big “I” Legislative Conference. Our...
Zurich Completes Acquisition of RCIS Crop Insurance Business
Apr 18 2016 // Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two...
Texas Republican Congressman Named Big ‘I’ Legislator of the Year
Apr 15 2016 // Rep. Mike Conaway (R-Texas), chairman of the U.S. House of Representatives Committee on Agriculture, is the Gerald Solomon-Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Legislator...
Outlook for Michigan Farm Bureau Group Revised to Positive
Apr 14 2016 // A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb+” of Farm Bureau Mutual Insurance Co. of Michigan and...
Farmers Insurance Launches Rideshare Coverage in New Jersey
Apr 11 2016 // Farmers Insurance announced Monday that it has begun offering its Rideshare Insurance Coverage endorsement in New Jersey. The endorsement is designed to offer ride-hail drivers coverage options as part of Farmers personal...
Louisiana Ag Losses from March Flooding Could Top $15M
Apr 10 2016 // The agricultural loss from the March flooding across Louisiana could top $15 million, according to an economist with the LSU AgCenter. Kurt Guidry said the loss figures are preliminary, because reports are coming in daily...
Farmers Expects More than $250M in Claims from Severe Weather in Texas
Apr 5 2016 // Farmers Insurance expects claims from two recent severe weather systems in the Dallas/Fort Worth area will result in more than $250 million in losses. Intense hail and wind from the storms caused extensive damage to homes...
Farmers CEO Remembers Joplin Tornado at California Gala
Apr 4 2016 // Jeff Dailey, CEO of Farmers Insurance, turned what could have been a mere acceptance speech into a lesson-filled personal account of his first time seeing the devastation wreaked by the May 2011 tornado in Joplin,...
Zurich Completes Acquisition of RCIS Crop Insurance Business from Wells Fargo
Apr 1 2016 // Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two...
40-Plus Structures Burned in Kansas, Oklahoma Wildfire
Mar 31 2016 // Officials say a wildfire that burned hundreds of square miles of rural land in Oklahoma and Kansas this week destroyed at least 41 structures in both states. Oklahoma Forestry Services spokeswoman Hannah Anderson says...
The Future of Commercial Drone Use
Mar 29 2016 // There could be 7 million small drones in the sky by 2020, according to U.S. aviation officials, who believe that as many as 2.7 million of them will be used for commercial purposes. These same officials predict that small...
FarmAssure Adds New Carrier
Mar 25 2016 // Edmond, OK, March 25, 2016- FarmAssure has announced that effective April 1, 2016, FarmAssure will continue writing all new and renewal Oklahoma property policies with a new carrier partner, Spinnaker Insurance Company....
North Carolina-Based Duke Energy to Turn Pig Poop Into Power
Mar 25 2016 // Duke Energy Corp. announced plans to expand its renewable energy from livestock waste, adding poop power to investments the country’s largest electric company has made in whirring wind turbines and acres of solar...
Farmers CEO Remembers Joplin Tornado at California Gala
Mar 21 2016 // Jeff Dailey, CEO of Farmers Insurance, turned what could have been a mere acceptance speech into a lesson-filled personal account of his first time seeing the devastation wreaked by the May 2011 tornado in Joplin,...
Iowa Egg Farm Wastewater Spill Case Sent to Attorney General
Mar 21 2016 // One of the nation’s largest egg farms, which lost millions of hens in last year’s bird flu outbreak, is defending itself against legal action by the state over a wastewater spill that fouled 18 miles of stream...
Main Street America Finished 2015 Strong
Mar 16 2016 // Super regional property/casualty insurer The Main Street America Group reported record net income of $91.4 million and a combined ratio of 99.8 for the 2015 calendar year. The Florida-based independent agency...
Farmers Being Recognized by IICF for Helping Disaster Stricken Communities
Mar 15 2016 // Farmers Insurance will be presented with the Insurance Industry Charitable Foundation’s Golden Horizon Award at the organization’s annual Horizon Award Gala on March 16 at the Alexandria Hotel in downtown Los...
