Agricultural News

China, Taiwan Sign Landmark Financial Services Agreements

Taiwan and China signed a series of landmark agreements on Sunday laying the groundwork for a flood of investment in financial services to flow across the Taiwan Strait for the first time in six decades. The agreements are the latest …

World’s Financial Sector Facing ‘Hornet’s Nest’ of Political Risk

Oh, for the days when a little irrational exuberance was the biggest problem facing the world’s bankers and financiers. It is way beyond that now. With the financial world mired in a stubborn credit crisis and the U.S. economy in …

New Suit Filed in Missouri Over Chemical in Farmland Sludge

Farmers in four northwest Missouri counties may have unwittingly dumped millions of pounds of carcinogen-laced sludge on their fields, which may be linked to a rash of brain tumors in the area, environmental activist Erin Brockovich told a worried group …

Mexico Bank Offers Insurance for Immigrants in U.S.

Banorte, one of Mexico’s leading banks, has begun to offer life insurance to immigrants working in the United States to protect their families back home. The insurance, being rolled out first in the state of Zacatecas, covers the death of …

Business Moves

Munich Re German reinsurer Munich Re has successfully concluded the acquisition of specialty insurer HSB Group from American International Group for $739 million. The deal was originally announced last December. The purchase price in cash was financed by Munich Re …

101 Things Young Agents Like MOST

The exclusive 2009 Insurance Journal Young Agents Survey asked independent agents under 40 years old: What do you like most about being an independent agent? Here’s what some of the 692 agents who took the survey had to say: Working …

Der Manouel Insurance Names Gibbs, Newman Consultants

Der Manouel Insurance & Financial Services announced that Jim Gibbs and Guy Newman have joined the commercial lines unit as risk consultants. Gibbs brings 30 years experience to the agency will work on developing middle market commercial account opportunities in …

Oregon Reports Nine Fatalities Receive Workers’ Comp Benefits in Q1

The Oregon Department of Consumer and Business Services has released the Quarterly Fatality Report for the first quarter of 2009. DCBS has received notification of nine compensable fatalities accepted for workers’ compensation benefits for the first quarter of 2009, compared …

Guy Carpenter Completes Acquisition of John B. Collins Associates

Guy Carpenter & Co. LLC completed the previously announced acquisition of John B. Collins Associates Inc. The acquisition of Collins, the fifth largest reinsurance intermediary in the United States and seventh largest in the world, strengthens Guy Carpenter’s capabilities in …

USDA Extends Crop Insurance Deadline for West Virginians

The U.S. Department of Agriculture is giving West Virginia farmers who lost crops due to natural disaster last year more time to apply for crop insurance and other assistance. The agency says farmers have until May 18 to buy in …