Agricultural News

Private Crop Insurers Oppose Funding Cuts

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. Department of …

Lloyd’s Analyzes Lurking Danger of Active Volcanoes

An article on the Lloyd’s web site (www.lloyds.com) points out that there are “around 1,500 active volcanoes in the world and, although deadly eruptions are rare, they can cause devastation to people and property over a wide area, leaving huge …

CaribRM a Finalist for Innovative Financial Solutions Grant Award

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 to be held in Paris from 4 to …

Kansas-based Vortex Offers New Weather Insurance Product Offering

Vortex Insurance Agency LLC (Vortex), based in Overland Park, Kan., has added “Drought Shield” to its list of available weather insurance products. Drought affects a countless number of agriculture related businesses, including hay producers and ranchers, whose livelihood depends on …

WTO’s Lamy Says Doha Deal Still Possible in 2010

A successful conclusion to the Doha round of global trade talks is still possible in 2010, but would need an injection of political energy, World Trade Organization (WTO) head Pascal Lamy said on Tuesday. A summit of leaders from the …

El Nino Drowning Texas Wildfire Threat

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 where Davis raises beef cattle and …

Georgia Governor Backs Appointed, Not Elected, Insurance Chief

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 the needed two-thirds vote in the Legislature and …

Private Crop Insurers Oppose Funding Cuts

The private crop insurance industry is blasting a proposed restructuring in the crop insurance program they say would cut $4 billion – or $800 million a year – over the next five years. The proposal by the U.S. Department of …

Insurance Loss Estimates from Florida Freeze Still Being Tallied

It will still be weeks, into March and April, before the full extent of crop damage and insurance payments from Florida’s recent extended freeze will be known. While Florida’s citrus industry has been hard hit, the state’s nursery plants and …

Private Crop Insurers Oppose Funding Cuts

The private crop insurance industry is blasting a crop insurance program proposal they say would cut $4 billion – or $800 million a year – over the next five years. The proposal, by the U.S. Department of Agriculture and the …