All the headlines from our Agribusiness Topic Page, ordered by recency.
Jan 7 2003 // State District Judge Scott Jenkins placed Texas’ $100 million settlement with Farmers Insurance Group of Companies in limbo by ruling that top state officials and Farmers executives must testify in a policyholder...
Dec 31 2002 // The North Dakota Insurance Department has issued a bulletin informing all insurers “seeking to market policies for the coverage of crop hail insurance” in the state, that March 1, 2003 is the deadline for all...
Dec 30 2002 // Farmers Insurance Group, L.A.’s largest private employer, announced a dual celebration for this New year’s Day – its 75th Anniversary and its 44th consecutive year as a participant in the Pasadena...
Dec 24 2002 // The National Association of Independent Insurers announced that it has filed an amicus brief with the Michigan Supreme Court in the case of Sprague V. Farmers “to clarify the cost savings function of the...
Dec 20 2002 // The Third Court of Appeals in Austin, Texas found that Farmers Insurance Group had both acted in bad faith and violated the state’s deceptive trade practices law in the landmark case that originally saddled the...
Dec 20 2002 // The state of Florida and Florida Farm Bureau Insurance Companies worked out an agreement concerning guidelines on coverage for mold in homeowners policies. According to United Press International, the detailed guidelines...
Dec 16 2002 // At a special ceremony in McAllen, Texas, Farmers Insurance awarded more than $6,000 in academic scholarships to 35 student winners, mostly from the Rio Grande Valley, of the Farmers-sponsored Young Americanos Youth...
Dec 13 2002 // Policyholders unhappy with the settlement worked out between Farmers Insurance Group and the state of Texas filed lawsuits seeking to block the $100 million settlement that was reached on Nov. 30. According to the...
Dec 12 2002 // L. Tim Wagner, Director of the Nebraska Department of Insurance (NDI), and Ross J. Davidson, Jr., Administrator of USDA’s Risk Management Agency (RMA) announced the signing of a “Memorandum of...
Dec 11 2002 // Farmers Insurance Exchange and Mid-Century Insurance Company have begun serving civil summons and complaints upon an Oakland, Calif. body shop and a Ventura County, Calif. body shop, their owners, former Farmers employees...
Dec 2 2002 // The Texas Department of Insurance (TDI) and the Office of Attorney General (OAG) announced that a settlement was reached with Farmers Insurance Group on November 30, under which Farmers will continue to offer homeowners...
Nov 26 2002 // Acceptance Insurance Companies Inc. announced that Rain and Hail, L.L.C and others have discontinued efforts to purchase its crop insurance assets, mainly its American Growers Insurance Company (AGIC) subsidiary, following...
Nov 25 2002 // Farmers Insurance Group of Companies worked out a temporary deal with the Governor’s office, the Texas Department of Insurance (TDI) and the Office of Attorney General (OAG) under which it will continue to offer...
Nov 20 2002 // Acceptance Insurance Companies Inc. (AICI) gave further details of its preliminary agreement with Rain and Hail L.L.C. and others, to sell its crop insurance assets. If the deal is concluded and approved by regulators,...
Nov 19 2002 // Standard & Poor’s has placed its ‘B+’ counterparty credit rating on Acceptance Insurance Cos. Inc. (AICI) and its operating units on CreditWatch with negative implications. At the same time, Standard...
Nov 19 2002 // Acceptance Insurance Companies Inc. reported an estimated after-tax net loss of $131 million, or $9.23 per share, for the third quarter of 2002. The figure includes the previously reported loss from crop insurance...
Nov 12 2002 // As a result of ongoing discussions with the Governor’s office, the Texas Department of Insurance (TDI) and the Office of Attorney General (OAG), the Farmers Insurance Group of Companies announced that it would...
Nov 11 2002 // In Texas Farm Bureau Mut. Ins. Co. v. Sears, the Texas Supreme Court addressed what duties an insurance company owes an independent agent when terminating an “at will” relationship. No. 01-0851 (Tex., Aug. 30,...
Nov 8 2002 // Responding to a lawsuit filed against the company by Melinda Ballard alleging libel as a result of a defamatory and false statement, Farmers Insurance Group of Companies said it has only stated the facts of their claim to...
Nov 6 2002 // Austin, Texas-based homeowner advocate, Melinda Ballard, announced she filed a lawsuit in Travis County District Court against Farmers Insurance (Farmers) and its paid spokesman for falsely accusing her of committing...