Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
U.S. Reinsurance Sector’s Profit Jumps 32% to $4.76B for 2013 First Half
Sep 5 2013 // The Reinsurance Association of America (RAA)’s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.756 billion net income in aggregate for the first six months of 2013 — an increase of...
Rising Sea Levels Ranked as Greatest Climate Change Threat: Guy Carpenter
Sep 4 2013 // Guy Carpenter & Company has an analysis of the evolving risk landscape spurred by global warming, which stresses that “climate change, global warming and the resulting landscape shift for risk management is a...
Best Affirms Members of Farmers Insurance Group Ratings; Outlook Stable
Sep 3 2013 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the members of Farmers Insurance Group and Farmers Reinsurance Company....
Top New York Court to Decide Whether Towns Can Ban Fracking
Aug 29 2013 // New York’s highest court agreed to decide whether towns and cities have the power to pass anti-fracking laws. The Court of Appeals in Albany today said it will hear arguments in lawsuits seeking to block drilling...
Confusing Crop Insurance Rule Clarified for Midwest States
Aug 29 2013 // Farmers say they’re pleased with efforts by the federal Risk Management Agency to clarify rules for prevented planting insurance in five Upper Midwest states in 2014. The insurance pays farmers if their cropland is...
Farmers Names Weinstein General Counsel in California
Aug 28 2013 // Los Angeles, Calif.-based Farmers Insurance named Steven Weinstein general counsel. Weinstein is the former chairman of the Barger & Wolen law firm. Weinstein is replacing Frank Ceglar, a 36-year veteran of...
Crop Insurer Says Saskatchewan Had 25% Fewer Acres That Were Too Wet to Plant
Aug 28 2013 // Saskatchewan, Canada’s largest wheat and canola producer, had 25 percent fewer acres that were too wet to plant this year, the province’s insurer said. A total of 1.5 million acres of an approximate 27 million...
Top 10 States for Extreme Weather Crop Insurance Payouts
Aug 27 2013 // Extreme weather forced the federal crop insurance program to pay out a record-breaking $17.3 billion in crop losses last year, much of which could have been prevented using water-smart strategies, according to the Natural...
Crop Insurance Available to Michigan Tart Cherry Growers
Aug 26 2013 // Some tart cherry growers in Michigan now can buy federal crop insurance as protection against losses. U.S. Sen. Debbie Stabenow made the announcement. The Michigan Democrat chairs the Senate Committee on Agriculture,...
Disaster Assistance Available To Montana County
Aug 23 2013 // Farmers in Gallatin County, Mont. are eligible for federal disaster assistance after an Aug. 1 hailstorm caused up to $50 million in crop losses. The U.S. Department of Agriculture declared the county a disaster area on...
Swiss Re Plays Key Role in Oxfam’s Bangladesh Flood Insurance Program
Aug 21 2013 // The global charity Oxfam has announced the launch of a flood insurance program for poor and vulnerable people in the river basin areas of the Sirajganj district of Bangladesh. “Initiated by Oxfam, the project is...
Bullock Seeks Federal Assistance For Hail Damage in Montana
Aug 15 2013 // Montana Gov. Steve Bullock has requested a national disaster designation for agriculture damage from a hail storm in Gallatin County this month. Bullock sent the request to Agriculture Secretary Tom Vilsack Tuesday, saying...
IRMI Acquires Agribusiness and Farm Certification from IIABCal
Aug 8 2013 // International Risk Management Institute Inc. has entered into an agreement with the Independent Insurance Agents & Brokers of California to acquire the Agribusiness and Farm Insurance Specialist certification...
Munich Re Licenses AIR’s Updated Crop Insurance Models for U.S., China
Aug 8 2013 // AIR Worldwide reported that it has updated its Multiple Peril Crop Insurance (MPCI) Models for the United States and China. “These are weather-based models that estimate underwriting gains and losses based on crop...
Texans Asked to Provide Drought Photos Online
Aug 6 2013 // Some state agencies dealing with the lingering Texas drought have invited people to share their original photos online. The coalition on Monday launched an interactive public awareness campaign on how the drought has...
Hail Damages Barley Crops In Wyoming
Aug 6 2013 // Farmers around Powell, Wyo. say hail from a violent storm last week damaged or destroyed barley and other crops. The storm brought hail up to a half-inch in diameter, about a half inch of rain and 50 mph winds. It hit just...
New Zealand’s ‘100 Percent Pure’ Image Questioned after Dairy Scare
Aug 6 2013 // For a country that markets itself to the world with the slogan “100 percent Pure”, New Zealand’s environmental credentials are not as impeccable as many would think. The majority of its rivers are too...
North Dakota Man Suing Insurance Company Over Potato Case
Aug 5 2013 // A prominent North Dakota potato farmer, businessman and philanthropist who’s among a group of people accused in an alleged price-fixing scheme is suing his insurance company for failing to cover his defense...
Farmers Launches New Corporate Logo
Jul 31 2013 // Farmers Insurance has unveiled a new corporate logo as part of the company’s next “evolutionary step,” the Los Angeles-based carrier announced on Wednesday. New York City based-Lippincott is the creative...
Crop Insurance, High Crop Prices Leading to Eco-Catastrophe: Environmental Group
Jul 31 2013 // Sustained high prices for corn, soybeans and wheat combined with record U.S. crop-insurance payouts are encouraging farmers to plow fragile lands and put ecosystems at risk, an environmental advocacy group said. Northern...
