Agricultural News

Business Moves

U.S. Risk, Goss Re U.S. Risk Insurance Group Inc., based in Dallas, has expanded into the specialty reinsurance brokerage marketplace with Goss Reinsurance Brokers Inc. Goss Re will operate as a specialty reinsurance broker for medium to small insurance carriers, …

People

Grange Insurance, based in Columbus, Ohio, named Robert V. James president and CEO. Retiring president and CEO Phil Urban will serve in an advisory capacity until Feb. 26 to ensure a seamless transition. James has more than 36 years of …

New Jersey Bowling Manager Charged After Rival Lanes Burn

The manager of a southern New Jersey bowling alley has been charged with arson following a fire that destroyed a popular rival establishment in business for decades. The beloved Loyle Lanes bowling alley burned down last week after 50 years …

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 …

USDA Taps Former Head of Vermont Captive Insurance Association

Molly Lambert, former president of the Vermont Captive Insurance Association, has been appointed by the U.S. Department of Agriculture as rural development director for New Hampshire and Vermont. She was nominated for the post last year.

World Economic Forum Presents Global Risks Report for Davos Summit

The World Economic Forum released Global Risks 2010, its annual report on the most significant global risks facing the global economy, in a presentation held at Marsh’s London office. The report, which the WEF has prepared in each of the …

Winter Weather Freezes UK, Europe, But Impact is Limited

Old Man Winter has been showing his teeth. Freezing temperatures, combined with the heaviest snowfalls Britain and Europe have seen in 30 years, have snarled road, rail and air transportation, caused power outages and generally played havoc across northern Europe …

Florida Citrus Growers Report More Damage From Another Freeze

Citrus growers in central Florida Tuesday reported more freeze damage to their oranges from another night of freezing temperatures and said they also feared leaf and twig damage could hurt the 2010/11 crop. Citrus growers in the Sunshine State, which …

Unusual Cold Spell Imperils Florida Crops, Homes

Here’s something you don’t often see in this town at the heart of the state’s $9 billion citrus industry: a sign at the public library that says, “ICE! On sidewalk. Be careful!” Growers were scrambling this week to assess damage …

P/C Industry Must Strengthen Underwriting to Counter Weak Investments

The most recent reports of property/casualty insurers indicate a return to profits, thanks in large measure to a quiet hurricane season. But behind the rosy reports is a thorny problem — lower investment income. According to Dr. Robert Hartwig, president …