All the headlines from our Agribusiness Topic Page, ordered by recency.
May 19 2010 // Farmers from across the Midwest told a U.S. House committee that a crop risk management program introduced in the 2008 farm bill is a good tool but it’s way too complex.The Average Crop Revenue Election program...
May 17 2010 // Missouri lawmakers have approved new regulations, including fees and an insurance requirement, for people who raise wild animals such as lions, bears and tigers.Legislation sent to the governor will require anyone...
May 17 2010 // 26.4%The U.S. Department of Agriculture said crop insurance companies posted profits of 26.4 percent last year, and the federal government wants to reduce its spending on crop insurance. Participating farmers pay premiums...
May 14 2010 // Over the last two days, May 12-13, over 40 representatives from Caribbean and international agencies held a meeting in Barbados to discuss the initial results from a recent investigation into the Economics of Climate...
May 12 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the United Farm Bureau of Indiana Group (the Group) and two members, United Farm...
May 6 2010 // The Zurich Financial Services Group reported a strong performance for the three months ended March 31, 2010.First quarter performance highlights included the following: • Business operating profit (BOP) of $1.3...
May 4 2010 // Officials in the sunflower industry who fought for years to gain better crop insurance say final rules for a simplified insurance plan might mark the end of the battle.It should mean better security for farmers, and...
May 4 2010 // The Indiana Supreme Court has found that an insurance company was wrong in denying coverage for injuries to an employee of an independent contractor under a farm personal liability policy.Indiana farmers Rick and Katrina...
Apr 29 2010 // The federal government wants to save taxpayers billions of dollars by reducing spending on crop insurance after years of big profits by insurers, but the industry claims the reductions could hurt rural areas.The U.S....
Apr 27 2010 // Klamath, Ore., farmers who did not buy federal crop insurance last year are not likely to see much in the way of disaster assistance for this year’s drought. The Herald and News newspaper reports that despite...
Apr 27 2010 // Agriculture Secretary Tom Vilsack has named two new members to the Federal Crop Insurance Corporation board of directors. Ellen Linderman grows wheat, soybeans, corn, sunflowers, barley and millet on her farm near...
Apr 23 2010 // Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010.This counters the recent logic that many state lawmakers are...
Apr 20 2010 // While some of the ash from the Eyjafjallajökull volcano in southern Iceland has fallen to the earth’s surface, property and agricultural damage is not expected to be a concern, according to a catastrophe risk...
Apr 19 2010 // Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010.This counters the recent logic that many state lawmakers are...
Apr 16 2010 // QBE Americas has agreed to acquire NAU Country Insurance Co., a writer of crop insurance business based in Ramsey, Minn. Completion is expected in July 2010, subject to regulatory approvals.The acquisition supports...
Apr 13 2010 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to John Deere Insurance Company (JDIC) of Johnston, Iowa. The outlook assigned to both ratings is...
Apr 12 2010 // Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that Craig Thomson will be joining its principal operating subsidiary, Zenith Insurance Co., as executive vice president. He will be responsible for...
Apr 12 2010 // Proposed cuts in the agreement crop insurers have with the federal government would likely reduce reinsurers’ expected profit by 20 to 30 percent, which could lead to some companies withdrawing from the program or...
Apr 7 2010 // A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit ratings to “a-” from “bbb” of Producers Agriculture Insurance Group (ProAg) and its...
Apr 5 2010 // The Illinois Supreme Court has ruled that an appellate court was correct when it found that an insurance company cannot exclude occupants of an insured vehicle from underinsured motorists coverage (UIM).The high...