All the headlines from our Agribusiness Topic Page, ordered by recency.
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...
Sep 4 2001 // Farmers Insurance Group® was recognized for achieving the highest growth in market share among insurance companies participating in the National Flood Insurance Program (NFIP).Howard Leiken, acting director of the Federal...
Aug 27 2001 // S&P took rating actions on Acceptance Insurance Companies Inc. (AICI) and its insurance operating subsidiaries.S&P downgraded American Growers Insurance Co. (AGIC) because of declining earnings and uncertain...
Aug 20 2001 // Standard & Poor’s took rating actions on Acceptance Insurance Companies Inc. (AICI) and its insurance operating subsidiaries.S&P downgraded American Growers Insurance Co. (AGIC) because of declining...
Aug 17 2001 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Farmers Insurance Exchange group (Farmers) to “AA-” from “AA+” and placed the ratings on CreditWatch...
Aug 7 2001 // Stephen Leaman has been named executive vice president of property and casualty operations at Los Angeles-based Farmers Insurance Group. In this position, he will oversee the business focus for the property and casualty...
Aug 6 2001 // A Travis County judge has named Austin lawyer and former Texas Supreme Court candidate Karl Bayer to mediate a settlement in a mold-related lawsuit in which the jury slapped Farmers Insurance Group with a $32 million...
Aug 3 2001 // Farmers Insurance Group of Companies announced a special discount program for new parents in the state of Utah. New parents will be eligible to earn discounts on auto insurance. Farmers has also arranged for new parents to...
Jul 30 2001 // An Oakland, Calif., jury awarded a record-setting claim for overtime to a group of Farmers Insurance Adjusters participating in a class action suit. More than 2,000 adjusters working for Farmers Insurance Exchange will...
Jul 27 2001 // The Hartford Financial Services Group, a major insurer of livestock, has created a new insurance program to target the fast-growing fish farming business. Whether a fish farm is an indoor or outdoor operation, The Hartford...
Jul 23 2001 // Three Nolan County, Texas, farmers pleaded guilty in a Lubbock federal court July 12 to filing over $540,000 in fraudulent crop insurance claims with the federal government. According to the Lubbock Avalanche-Journal, the...
Jul 13 2001 // Farmers Insurance Exchange, a member company of the Farmers Insurance Group of Companies, stated it is disappointed and concerned about the recent verdict against it rendered by the jury in Alameda County (Calif.) Superior...
Jul 12 2001 // A jury has awarded a record-setting claim for overtime for a class of Farmers Insurance Adjusters in the final amount of $90,009,208 for overtime pay in a class action suit in Oakland.More than 2,000 adjusters working for...
Jul 9 2001 // Homeowners turned out in force to testify and listen, and to applaud when they agreed with what they heard, at a June 26 Texas Department of Insurance (DOI) public hearing on issues related to toxic mold and insurance...