Agricultural News

Lloyd’s Notes Success of Regional Catastrophe Pools, CCRIF

An article on the Lloyd’s of London web site (www.lloyds.com) discusses the success of an “innovative solution” which can make funding available to governments in the aftermath of a natural disaster. Disasters such as earthquakes and hurricanes “can have a …

New Met Office Map Details Consequences of Rising Temperatures

The UK’s Met Office, in cooperation with the government, has published a detailed and interactive map, illustrating the global consequences of failing to keep temperature increases to less than 2°C [3.6° F]. The map was developed “using the latest peer-reviewed …

WTO Head Says Doha Round Agreement May Be ‘Out of Reach’

The goal of signing a new global commerce deal in 2010 is out of reach unless countries accelerate their negotiations, the World Trade Organization’s Director-General Pascal Lamy said on Friday. The WTO’s 153 members must turn vague discussions on the …

Typhoon Lupit on Course to Hit Philippines; Rick Continues to Weaken

Catastrophe risk modeling firm AIR Worldwide warns that the Philippines are bracing for the arrival of Typhoon Lupit. The storm is located about 800 kms (500 miles) east of northern Luzon island and is moving west at approximately 15 kph …

Brazil Plans Doha Trade Meeting in late November

Brazil plans to organize a meeting of trade ministers in late November to discuss progress in the World Trade Organization’s long-running Doha round, a senior Brazilian official said Monday. The meeting would be an opportunity to take stock of the …

Louisiana State Police Recover More Stolen Equipment

The Louisiana State Police reports that its Region 1 detectives have recovered additional stolen farm and construction equipment after further investigation into a case in which two suspects had already been charged with the theft of $250,000 worth of heavy …

Business Moves

A.J. Gallagher, Fox Lawson Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Fox Lawson & Associates LLC in St. Paul, Minn. Terms of the transaction were not disclosed. Founded in 1995, Fox Lawson & Associates is a compensation and …

US Needs ‘Better Offers’ on Services from Doha Round Says Trade Rep

The United States cannot agree to a deal in the Doha round of world trade talks until other countries make better offers to open their markets to services trade, the top U.S. trade official said Tuesday. “We know that the …

S&P Takes Rating Actions on Endurance Specialty and Subsidiaries

Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Endurance American Insurance Co. (EAIC), American Merchants Casualty Co. (AMCC), and American Agri-Business Insurance Co. (AABIC). S&P has also affirmed all of its existing …

U.S. RE in Alliance with Italy’s Sfrorni

New York-based U.S. RE Corporation, the international reinsurance brokerage firm, has formed a strategic alliance with Bruno Sforni S.p.A, an insurance and reinsurance broker located in Milan, Italy. The Company followed up that news with the announcement that it has …