Agricultural News

International Excess Opens Agriculture Business Division

International Excess, headquartered in Cleveland, Ohio, has launched a new division dedicated to crop, farm and livestock insurance. Chuck Gabel, divisional vice president of International Excess Agribusiness, has specialized in crop insurance and farm insurance for more than 20 years. …

Oklahoma Lawmakers Eye Business Tax Breaks Amid Budget Shortfall

Oklahoma gives away billions of dollars in tax revenue through hundreds of exemptions, credits and deductions that some lawmakers say the state may no longer be able to afford as it slips deeper into a revenue shortfall. Tax breaks have …

New Jersey Now Providing More Detailed Patient Safety Data

For the first time, New Jersey consumers can access detailed information on patient safety at hospitals throughout the Garden State. State health officials recently released a report that shows each hospital’s patient safety performance and incidence of serious medical errors …

New Mexico Counties Get Disaster Aid

Four eastern New Mexico counties have been declared eligible for disaster assistance due to their proximity to Texas counties that are disaster areas due to drought and other problems. Farmers and ranchers in Lea, Curry, Quay and Roosevelt counties can …

2010 Agricultural Payroll Amount for Texas Workers’ Comp Set at $49K

The Texas Department of Insurance Division of Workers’ Compensation has set the adjusted annual payroll requirement for the coverage of seasonal workers at $49,127. The TDI-DWI said the established gross payroll amount will be used in calendar year 2010 to …

It Figures

$12.1 Million Cumulative amount of bonuses to be paid to several top executives at AIG, after U.S. pay czar Kenneth Feinberg signed off on the deal. The payments were promised in 2008 to get key employees to stay with AIG …

AIR Tracking Typhoon Mirinae; Could Hit Northern Philippines Today

According to catastrophe risk modeling firm AIR Worldwide, a major tropical cyclone is threatening the northern Philippines for the fourth time in the past month. AIR rported that Typhoon Mirinae is expected to make landfall on the major island of …

Endurance Reports $153.8 Million Q3 Net Income; Conference Call Today

Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $153.8 million and $2.51 per diluted common share for the third quarter of 2009, compared to a net loss of $99.4 million and $1.79 per diluted common share in the third …

Midwest Wheat Farmers Reap Preventive Planting Insurance Money

U.S. farmers struggling to seed their wheat crop will likely reap an insurance check rather than sow in less-than-ideal conditions, analysts and agronomists said. Farmers with prevented planting insurance can receive up to 60 percent of their expected revenue if …

Financial Regulation Bill Unveiled; National Insurance Office Put Off

The Obama administration made gains Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for a measure to expose hedge funds to more government scrutiny. …