All the headlines from our Agribusiness Topic Page, ordered by recency.
Feb 11 2002 // Like most property and casualty insurance lines, the commercial auto insurance market has witnessed rate increases over the past year and expects to see more. And, as in other lines, underwriters are scrutinizing accounts...
Jan 31 2002 // Switzerland’s Converium Holding Ltd. announced that its U.S. subsidiary Converium Insurance (North America) Inc. (formerly ZC Insurance Company) has reached an agreement with Crop 1 Insurance of Des Moines, Iowa to...
Jan 21 2002 // When agents and brokers think about expanding their book of business, agribusiness risks might not be the first thing that comes to mind. But it should. Agribusiness is more than insuring farms and ranches — it...
Jan 14 2002 // Homeowners insurance policies in Texas are rapidly evolving. As a result, Texas Insurance Commissioner Jose Montemayor warned the state’s homeowners policyholders to carefully review their policy renewals to...
Jan 11 2002 // The United Farm Workers, AFL-CIO, has endorsed Tom Calderon for California Insurance Commissioner, adding to the broad base of labor and Latino groups that have filed in behind the Montebello democrat.“Farm workers...
Jan 10 2002 // Farmers Insurance Group of Cos. recently applied for a 6.9 percent premium increase for homeowners insurance in the state of California.According to the Los Angeles Times Mary Flynn, a spokesperson for Farmers, the request...
Jan 4 2002 // Stating there had not been enough trades on the durum futures market to calculate a price, The Federal Agriculture Department is asking a judge to throw out a lawsuit filed by farmers who claim the government unfairly...
Dec 28 2001 // Producers in 11 eastern Washington counties have until Jan. 31 to take advantage of a new insurance product that allows them to protect the gross revenue of their farms.The Adjusted Gross Revenue insurance plan is being...
Dec 17 2001 // The government is making subsidized insurance available to livestock farms for the first time, in the form of policies that will give protection to hog producers from reductions in income. As reported by the Associated...
Dec 17 2001 // Farmers Insurance Group, the third-largest auto insurer in Texas, has yet to agree to refund an estimated $8 to $10 million to policyholders it admitted overcharging, stating instead that it is continuing to negotiate a...
Dec 3 2001 // Farmers Insurance Group of Companies filed an endorsement to the new homeowners’ policy it plans to offer in Texas, the HOA, with the Department of Insurance. The endorsement expands the policy to include limited...
Nov 28 2001 // The government is making available subsidized insurance to livestock farms for the first time, in the form of policies that will give protection to hog producers from reductions in income. As reported by the Associated...
Nov 19 2001 // Texas Insurance Commissioner Jose Montemayor ordered Farmers Insurance Group to stop all activities related to the company’s recent announcement that it would non-renew all of its most-common homeowners (HO-B)...
Nov 12 2001 // The key witness in a recent crop fraud case turned out to be a camera.In June 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately...
Nov 8 2001 // Tony Nicely, chairman, president and CEO of GEICO, was elected chairman of the National Association of Independent Insurers board of governors on Nov. 7 during the association’s annual meeting in New Orleans.Nicely...
Nov 5 2001 // Liberty Mutual Group and OneBeacon, a wholly owned subsidiary of White Mountains Insurance Group Ltd., reached a definitive agreement regarding a previously announced partnership transfering business and operations in 42...
Nov 2 2001 // Iowa-based Acceptance Insurance Companies Inc. reported an after-tax net loss of $9.5 million, or $0.66 per share, for the third quarter of 2001. The company’s continuing crop insurance operations generated an...
Oct 25 2001 // Farmers Insurance agreed to pay $4.3 million to settle an Ohio lawsuit charging the company with discrimination against homeowners in minority neighborhoods in issuing homeowners insurance policies. With the settlement,...
Sep 10 2001 // Standard & Poor’s (S&P) lowered its counterparty credit and FSR on Farmers Insurance Exchange group to “AA-” from “AA+” and placed the ratings on CreditWatch Negative.At the same...
Sep 5 2001 // The 106th annual convention of the National Association of Mutual Insurance Companies (NAMIC) will take place Sept. 23-26, 2001, at the Washington Hilton and Towers in Washington, D.C.The convention, expected to attract...