Latest Agribusiness Headlines
All the headlines from our Agribusiness Topic Page, ordered by recency.
Delaware Poultry Farm With 1.2 Million Birds Hit by Lethal Flu
Feb 23 2022 // A commercial poultry farm in Delaware with 1.2 million birds has been hit by a highly lethal form of bird flu, the state said on Wednesday, significantly expanding an outbreak that has killed U.S. chickens and turkeys. The...
Foresight in California Expands Workers’ Comp Class Codes for Agribusiness, Construction, Manufacturing
Feb 22 2022 // San Francisco, California-based Foresight, a workers’ compensation insurtech focused on the middle market, announced the expansion to include four new class codes and 23 incidental adjacencies to serve more customers...
Bird Flu Found at Fourth Indiana Turkey Farm
Feb 22 2022 // Avian influenza has been detected in a fourth commercial poultry flock in southern Indiana, state officials said Feb. 19. Laboratory testing of a second commercial flock of turkeys in Greene County has come back as...
Farm & Ranch Market: Evolving to Mitigate the Risks of Today
Feb 21 2022 // While the farm and ranch insurance space faces different risks than other property lines, many challenges of insuring those risks are often the same. Namely, extreme weather and natural catastrophes, which have tightened...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A summary of these new hires follows here. AXA XL to Promote De Rosa to...
New Strain of Bird Flu Related to 2015 Virus
Feb 17 2022 // Farms that raise turkeys and chickens for meat and eggs are on high alert and taking steps to increase biosecurity, fearing a repeat of a widespread bird flu outbreak in 2015 that killed 50 million birds across 15 states...
AXA Consortium in Talks to Buy Stake in Orsted’s UK Offshore Wind Farm
Feb 16 2022 // Denmark’s Orsted A/S is in talks with a consortium that includes AXA SA and a Credit Agricole SA unit to sell a stake in a large wind farm off the east coast of England, according to people familiar with the...
Drought in Spain and Portugal Empties Reservoirs, Ruins Crops
Feb 14 2022 // Roofs peeking out of the water have become a common sight every summer at the Lindoso reservoir in northwestern Spain. In especially dry years, parts would appear of the old village of Aceredo, submerged three decades ago...
S&P Report Sheds Light on Florida Farm Bureau’s Losses
Feb 11 2022 // Recently posted data provides new insight on the dire financial situation for Florida Farm Bureau, one of four carriers that announced it would stop writing or non-renew thousands of homeowner policies in Florida this...
Strain of Avian Flu Found in Birds at Indiana Turkey Farm
Feb 11 2022 // A strain of avian flu that can cause high mortality rates among birds has been confirmed at a commercial turkey farm in southern Indiana, federal and state agencies said Feb. 9. The United States Department of Agriculture...
Declarations
Feb 7 2022 // PG&E Probation “In these five years, PG&E has gone on a crime spree and will emerge from probation as a continuing menace to California.” — U.S. District Judge William Alsup said the utility...
Commercial Farm Coverage Now Available Through California FAIR Plan
Feb 1 2022 // The California FAIR Plan on Tuesday began offering basic property insurance for farmers unable to obtain coverage from traditional insurance carriers. The new coverage fills a gap in California’s insurance...
Florida Farm Bureau Action Plan Says it Will Stop Writing New HO Policies
Feb 1 2022 // Another Florida property insurer is taking major steps to cut its losses, including suspending the writing of new homeowner policies starting this week – the latest warning sign about the state’s distressed...
Michigan Farm’s Beef Found to Contain Toxic Chemicals
Feb 1 2022 // Beef produced at a small Michigan farm was found to contain toxic “forever chemicals” after the cattle were fed crops grown with fertilizer made from contaminated wastewater biosolids, state officials said Jan....
Crop Insurance Payouts Rise as Climate Change Worsens Droughts, Floods
Jan 27 2022 // Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis of federal data by the Environmental Working Group (EWG) released...
Appeals Court Rules Farm Bureau Must Pay in Full for Second Fire in Home
Jan 27 2022 // The United States Court of Appeals for the Eighth Circuit affirmed a district court’s ruling that Farm Bureau Property & Casualty Insurance Co. must pay the policy limit in full on the claim for the second of two...
California Commissioner OKs FAIR Plan Coverage Options for Farms and Ag Businesses
Jan 21 2022 // California Insurance Commissioner Ricardo Lara on Friday approved the FAIR Plan to offer new commercial coverage for farm structure risks starting Feb. 1. The FAIR Plan is an association made up of all admitted insurance...
Agriculture Officials Find More Avian Flu Cases in Wild Birds, Caution Poultry Farmers
Jan 19 2022 // The U.S. Department of Agriculture reported two more cases of highly pathogenic avian flu in wild birds on Tuesday, raising risks for potential infections in poultry. The USDA on Friday reported the nation’s first...
People Moves: Zurich North America Changes Leadership in Captives, Crop, Construction, Customer Office
Jan 18 2022 // Zurich North America announced the following changes: Jason Meador, currently head of Captives at Zurich North America, has been appointed to lead the Rural Community Insurance Services crop insurance business following...
USDA Introduces Details of New Insurance Option for Corn Farmers
Jan 6 2022 // Corn farmers who “split-apply” nitrogen now have another option for insurance coverage after the U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) announced the details of its Post...
