Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Report Concludes Invasive Species, Climate Change, Form ‘Deadly Duo’
Oct 22 2010 // Climate change is set to drive the spread of invasive plant and animal species, threatening forests, fisheries and crops, in a double blow to nature and livelihoods, a World Bank-funded report said on Friday. The study by...
Ex-AIG Executive Indicted in New York Horse Farm Fraud
Oct 20 2010 // A former Deutsche Bank AG and American International Group Inc. managing director and her husband have been indicted for fraud for allegedly conspiring to illegally extract money from those companies to help run their...
Markel International further expands bloodstock, livestock business
Oct 18 2010 // Markel International will further expand its bloodstock and livestock business with the acquisition of the renewal rights of the bloodstock and livestock book currently written by Talbot Underwriting Ltd. Sophie Dunkerley...
Tragedy in Tennessee: Family Had No Fire Service and Minimum Insurance
Oct 18 2010 // The Obion County, Tenn. family whose home burned on Sept. 29 while firefighters watched from their truck has insurance to payoff their mortgage but not enough to cover everything lost or to rebuild, according to the family...
Zurich Settles Class Action Lawsuit for $455M Over Insurance Exchanges
Oct 18 2010 // Zurich Financial Services Group and its subsidiary, Farmers Group Inc. (FGI), have settled for $455 million a nationwide class action lawsuit that is pending in Superior Court in Los Angeles. The settlement money will be...
Two Killed as Combine Strikes Power Lines on New Jersey Farm
Oct 14 2010 // New Jersey State Police say a farm machine struck overhead power lines and caught fire, killing two workers and injuring a third. Sgt. Julian Castellanos says a chute on a combine the men were operating snagged...
Farmers Insurance Offers Coverage in Virtual FarmVille
Oct 14 2010 // Farmers Insurance Group is offering virtual crop insurance for 60 million monthly players in the virtual world of FarmVille. The Farmers in-game integration will use the likeness of its Farmers Insurance Airship, a...
North Dakota Democrat Wants Stronger Grain Insurance
Oct 12 2010 // North Dakota’s Democratic candidate for the state Public Service Commission said the Legislature should strengthen a $6.9 million insurance fund that compensates farmers if a grain elevator goes broke. Recent data...
Zurich Settles Class Action Lawsuit Over Insurance Exchanges
Oct 7 2010 // Zurich Financial Services Group and its subsidiary, Farmers Group Inc. (FGI), have settled a nationwide class action lawsuit that is pending in Superior Court in Los Angeles. Under the terms of the settlement, $455 million...
Tennessee Tragedy: Family Had No Fire Service But Had Some Insurance
Oct 5 2010 // The Obion County, Tenn. family whose home burned on Sept. 29 while firefighters watched from their truck has insurance to payoff their mortgage but not enough to cover everything lost or to rebuild, according to the family...
Enrollment for Farmer’s Professional Liability Coverage to Begin
Oct 1 2010 // Enrollment for the United Farmers Agents Association’s Errors and Omissions Plan for all qualified agents will begin 10/1/2010 for the coverage period beginning 1/1/2011. Premium will be collected in January when the...
Willis Sets up Agri-Business Unit for Crop and Forestry Sectors
Sep 24 2010 // Hughes-Gibb, the specialist bloodstock, livestock and aquaculture division of Willis Group Holdings, announced that it is expanding its services to clients in agri-business. Broadening its expertise to include Crop and...
Washington Supreme Court: Actual Cash Value Includes Sales Tax
Sep 22 2010 // The Washington Supreme Court has ruled that an insurer is required to pay sales tax when reimbursing a client for the actual cash value (ACV) of damaged property. According to court documents in Laura Holden v. Farmers...
Aon Releases 2010 Food System, Agribusiness, Beverage Industry Report
Sep 22 2010 // The claims costs connected to the recent half billion egg recall will be unprecedented and include liabilities such as business interruption and reputation damage. During the next 15 months, the U.S. Food and Drug...
Markel Acquiring Equine and Livestock Business From Hiscox
Sep 14 2010 // Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co.. Terms of the deal were not disclosed, but the companies said it would close the transaction by October...
North Carolina Apple Farmers Like Better Crop Insurance
Sep 10 2010 // North Carolina apple growers say they are happy to learn about proposed changes in federal crop insurance that would better protect them from a catastrophic loss. The Times-News of Hendersonville reported about two dozen...
Declarations
Sep 6 2010 // SeaWorld Safety “SeaWorld recognized the inherent risk of allowing trainers to interact with potentially dangerous animals. Nonetheless, it required its employees to work within the pool walls, on ledges and on...
23 States Involved in Recalled Eggs
Aug 25 2010 // Eggs contaminated with salmonella that originated from Wright County Egg in Iowa have shown up in 23 states, CNN reported this morning. Already, the outbreak has sickened hundreds of people across the country, the Food and...
Southern Farmers Complain About Disaster Aid Program
Aug 24 2010 // The permanent disaster aid program in the 2008 Farm Bill was intended to spare Congress from having to scrape up extra money every time a drought, flood or hurricane struck farm country, but growers in the South claim the...
Court Rules North Dakota Farm Fraudster Entitled to Benefit
Aug 20 2010 // North Dakota’s Supreme Court says an insurance agent who was convicted of running a federal farm payment scam is entitled to some retirement money. Duane Huber of Wimbledon contended North Dakota Farmers Union...
