Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Floods Recede in Fargo, But Other Hazards Linger
Mar 26 2010 // As the Red River slowly started to recede this week and fears of major flooding diminished, Fargo residents were left to deal with another problem: environmental hazards that linger long after the waters...
Texas Mutual Adds New Purchasing Group for Agriculture Industry
Mar 25 2010 // Texas Mutual Insurance Company has launched a new workers’ compensation purchasing group for the agriculture industry, AgriComp. Any licensed Texas agent can submit qualifying clients for consideration. AgriComp is...
EU Trade Chief Says U.S. Must Make First Move to Restart Doha Round
Mar 23 2010 // The European Union cannot make more concessions on farm trade to restart stalled world trade talks and the United States must make the first move, the EU’s new trade chief said on Monday. The ball was not in the...
Illinois Supreme Court Rules Against Insurer in Underinsured Motorist Case
Mar 22 2010 // The Illinois Supreme Court has ruled that an appellate court was correct when it found that an insurance company cannot exclude occupants of an insured vehicle from underinsured motorists coverage (UIM). The high...
Tropical Cyclone Shuts Australia Coal Port, Threatens Sugar Fields
Mar 19 2010 // A tropical cyclone forced Australia’s second-biggest coal port to close on Friday, bringing millions of tons of coal shipments to a halt and threatening to damage thousands of acres of sugar-cane...
Best Affirms Ratings of Farmers Insurance Group and Members
Mar 17 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Farmers Insurance Group and its members. Best also affirmed the debt...
Transportation, Agriculture Are Oregon’s Most Fatal Industries
Mar 9 2010 // The transportation and warehousing industry was the most dangerous industry in 2009 in Oregon, according to the state Department of Business and Consumer Services, Information Management Division. According to DCBS’...
European Union to Issue Climate Warning; Tackle CO2 Loopholes
Mar 9 2010 // Loopholes in the United Nations climate treaties could actually amount to an increase in global climate-warming emissions and the chance to rein in temperatures may be slipping away, a draft European Union report...
Figures
Feb 21 2010 // $25 Million Record snowfall beginning Feb. 11 in the Dallas/Fort Worth area resulted in insured losses of $25 million, the Insurance Council of Texas reported. An estimated 4,200 claims came from auto, residential and...
Declarations
Feb 21 2010 // Tired and Frustrated “We’ve been doing this for a long time. … We’re not getting a lot of sleep. We’re tired. We’re frustrated that this is continuing to happen. But we remain strong in...
Private Crop Insurers Oppose Funding Cuts
Feb 21 2010 // The private crop insurance industry is blasting a proposed restructuring in the crop insurance program it says would cut $4 billion — or $800 million a year — over the next five years. The proposal by the U.S....
Getting Back to Nature Requires Getting Proper Farm Insurance
Feb 21 2010 // Mr. and Mrs. Everyman and their family have decided to get back to nature. They are proud owners of a country home with 25 acres and a barn. Their insurance agent has covered the new home and property with a traditional...
South Carolina Court: Worker Hurt at Job Housing Covered by Insurance
Feb 18 2010 // A seasonal worker is entitled to workers compensation benefits for an injury sustained after falling at a housing complex supplied by his employer, the South Carolina Supreme Court has ruled. The court sided with the...
CaribRM a Finalist for Innovative Financial Solutions Grant Award
Feb 12 2010 // Caribbean Risk Managers Ltd. (CaribRM), in partnership with the Development Bank of Jamaica (DBJ), has been selected as one of 20 finalists at the Marketplace on Innovative Financial Solutions for Development competition...
Oklahoma Farm Bureau Group and Members Downgraded
Feb 10 2010 // A.M. Best Co. reports it downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit ratings to “bb” from “bbb-” of Oklahoma Farm Bureau Group and its members, Oklahoma...
El Nino Drowning Texas Wildfire Threat
Feb 9 2010 // Central Texas rancher Debbie Davis can hardly believe the turnaround in rainfall. While her pastures were parched and withered last summer after nearly two years without appreciable rain, the area northwest of San Antonio...
Georgia Governor Backs Appointed, Not Elected, Insurance Chief
Feb 8 2010 // Georgia Gov. Sonny Perdue’s proposal to appoint — rather than elect — four statewide constitutional officers has run headlong into opposition. Critics from both parties said the plan was unlikely to win...
It Figures
Feb 7 2010 // $12 Billion Hurricane Ike, which struck Galveston on Sept. 13, 2008, is so far the costliest weather catastrophe in Texas history, racking up nearly $12 billion in windstorm and flood insurance claims. Windstorm claims in...
It Figures
Feb 7 2010 // $1.5 Billion Projected budget deficit Colorado lawmakers are grappling with, as they evaluate proposals to slash spending for public education, higher education, Medicaid and other programs. Among the proposals being...
Aon Warns on Political, Financial Risks; Berkshire Bets a Billion on Munich Re; IPCC Defends Climate Change Report; Frau
Feb 7 2010 // Aon Risk Services 17th Political Risk Map highlights continued political and financial instability for global business in 2010, closely linked to the ongoing recession in many parts of the world. “Rising risk levels...
