All the headlines from our Agribusiness Topic Page, ordered by recency.
Apr 14 2015 // A new report on water insecurity says floods and drought amid climate change and a lack of investment in reliable water supplies is weighing on the global economy by tens of billions of dollars a year.“Water is...
Apr 13 2015 // Gov. Jay Nixon has signed bills aimed at boosting Missouri’s dairy and $12.5 billion-a-year agriculture industries through insurance subsidies, scholarships, eased restrictions during parts of the year and other...
Apr 13 2015 // XL Group and Cobalt Underwriting have launched the first Shariah-compliant product to be available through Lloyd’s of London.The cover is an equine product, which responds to named perils, mortality, theft,...
Apr 9 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster events that occurred worldwide...
Apr 8 2015 // A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-“from “a” of Farmers Mutual Hail Insurance Company of Iowa (FMH),...
Apr 7 2015 // We at R Street do a lot of warning that our nation’s misguided crop insurance supports, in combination with the disastrous Renewable Fuel Standard, are distorting land and food markets, wreaking environmental havoc...
Apr 7 2015 // Catastrophe modeling firm AIR Worldwide estimates that insured losses from Extratropical Cyclone Niklas will range between €1.0 billion and €1.9 billion [$1.09 to $2.07 billion], with the majority of losses in...
Apr 2 2015 // California Gov. Jerry Brown ordered officials Wednesday to impose statewide mandatory water restrictions for the first time in history as surveyors found the lowest snow level in the Sierra Nevada snowpack in 65 years of...
Apr 1 2015 // Farmers Mutual Hail Insurance Company of Iowa (FMH) announced its acquisition of Illinois-based John Deere Insurance Company and John Deere Risk Protection Inc. is completeHeadquartered in West Des Moines, Iowa, FMH has...
Mar 23 2015 // Fireman’s Fund Insurance Co. has agreed to pay $44 million to settle allegations under the False Claims Act that it knowingly issued insurance policies that were ineligible under the U.S. Department of...
Mar 23 2015 // A.M. Best has downgraded the financial strength rating to B+ (Good) from B++ (Good) and the issuer credit ratings to “bbb-” from “bbb” of South Carolina Farm Bureau Mutual Insurance Co. and Palmetto...
Mar 23 2015 // On the heels of a $325.5 million dollar refund agreement with the state’s largest homeowners insurer, State Farm Lloyds, Texas Department of Insurance Commissioner David Mattax filed a revised settlement with the...
Mar 17 2015 // County fairs across Illinois are reassessing their finances as the state reduces its support in a cost-saving measure.A recent letter from Republican Gov. Bruce Rauner’s administration instructed county fairs to stop...
Mar 13 2015 // State lawmakers are trying to figure out how to enforce the terms of a settlement reached with the nation’s largest tobacco companies.What’s at stake: About $100 million in state revenue every year that pays...
Mar 11 2015 // Two North Dakota brothers have been sentenced to prison time and ordered to pay back more than $900,000 for intentionally destroying potatoes to collect federal farm insurance payments.In separate hearings, U.S. District...
Mar 11 2015 // Farmers Insurance Group received nearly $6 million in free media exposure for putting its name on a downtown Los Angeles stadium that will never be built.Anschutz Entertainment Group this week announced that it was no...
Mar 11 2015 // ACE Group appointed Scott Arnold as deputy division president of Rain and Hail, a division of ACE Agriculture based in Johnston, Iowa. Arnold was previously executive vice president of Rain and Hail field operations, where...
Mar 11 2015 // A.M. Best has downgraded the financial strength rating to B+ (Good) from B++ (Good) and the issuer credit ratings to “bbb-” from “bbb” of South Carolina Farm Bureau Mutual Insurance Co. and Palmetto...
Mar 10 2015 // On the heels of a recent multi-million dollar refund agreement with the state’s largest homeowners insurer, Texas Department of Insurance Commissioner David Mattax announced a revised settlement with the second...
Mar 4 2015 // Crop insurance price guarantees for U.S. corn, soybeans and spring wheat in 2015 will fall 10 percent or more based on futures settlement prices for February, grain analysts said on Friday.The U.S. Department of...