Agricultural News

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 …

Declarations

Community Fixture “He’s sort of a fixture for our community. I wish there were more like him.” —Hal Reese, a Calhoun City insurance agent who’s known Mississippi Judge Henry Lackey since childhood. Outside Mississippi’s 3rd Judicial District, Henry Lackey is …

Farm, Insurance Loss Estimates from Florida Freeze Still Weeks Away

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 …

Political, Financial Risk Levels Continue High in 2010, Says Aon

Political and financial instability remain a feature of the business landscape as a result of the recession, according to Aon Risk Services, the global risk management and insurance brokerage business of Aon Corp. The company launched its 17th annual Political …

Agricultural Injuries Account for 5.5% of Calif. Workers’ Comp Claims

Agricultural claims cost the California workers’ compensation system $1.46 billion in loss payments, according to a recent “Industry Scorecard. According to the Scorecard, which provides data on accident year (AY) 2000 to 2008 claims experience among agriculture workers in California, …

PartnerRe’s January Non-Life Treaty Renewals ‘Stable’

Bermuda,-based PartnerRe Ltd. announced that during the January 1, 2010 treaty renewal season it expects to write and bind approximately $2.6 billion of non-life premium. The bulletin added that this figure “includes $440 million in premium from PARIS RE, whose …

Declarations

Frozen Florida “The reports we are getting tell us there is frozen fruit as well as twig and leaf damage out there now it may be days or weeks until we figure out whether there is long-term tree damage. All …

People

Zenith National Insurance Corp. has hired Janet Frank as president and chief operating officer of the workers’ compensation writer’s principal operating subsidiary, Zenith Insurance Co. She will also be an executive vice president of Zenith National Insurance Corp. Frank most …