INSURANCE NEWS

Teen Who Ate Spicy Tortilla Chip Died of High Chile Consumption; Also Had Heart Defect

A Massachusetts teen who participated in a spicy tortilla chip challenge on social media died from eating a large quantity of chile pepper extract and also had a congenital heart defect, according to autopsy results obtained by The Associated Press. …
Read More

These Texans Aren’t Taking Buyouts Despite Repeated Floods

HARRIS COUNTY — After the floodwaters earlier this month just about swallowed two of the six homes that 60-year-old Tom Madigan owns on the San Jacinto River, he didn’t think twice about whether to fix them. He hired people to …
Read More

Central US States Brace for Possible Severe Storms: Weather Watch

There is a moderate risk — the second highest — of severe thunderstorms across parts of Iowa, Illinois, Wisconsin and Missouri affecting more than 3.8 million people, the US Storm Prediction Center said. “All severe hazards will be possible including …
Read More

Risk Strategies Acquires Indiana’s Silveus

Risk Strategies announced that it has acquired Silveus Insurance Group, Inc (Silveus). The Indiana-based broker dates back to 1940 and is the country’s largest independent specialty provider of crop insurance. Terms of the deal were not provided. Based in Warsaw, …
Read More

BASF to Pay $316 million to Settle PFAS ‘Forever Chemicals’ Lawsuit

German chemical company BASF said on Tuesday it reached a $316.5 million settlement with some U.S. public water systems that claimed toxic “forever chemicals” in firefighting foam made by the company contaminated their water supplies. The money provided by the …
Read More

Auto Insurers’ Digital Channels ‘Remarkably Resilient’, Finds J.D. Power Study

Auto insurance websites and apps are doing a good job of delivering foundational functional capabilities, bringing in more customers than agents and call centers. But far fewer are providing the type of value-added services that set them apart. With auto …
Read More

Child Is Among 3 Killed When Amtrak Train Hit Pickup Truck in Upstate New York

A child was among the three victims killed when a passenger train hit a pickup truck, officials said. The northbound Amtrak train hit a Dodge truck Friday evening in North Tonawanda, New York, a small town along the Niagara River …
Read More

Canada Plans Harsher Laws, Equipment Bans to Fight Car Theft

Canada’s government is banning key-programming machines and other equipment used to steal cars, while implementing harsher penalties to combat a rising number of auto thefts across the country. Minister of Justice Arif Virani unveiled a national plan to combat car …
Read More

California Court to Weigh Fate of Law Treating App-Based Drivers as Contractors

California’s top state court on Tuesday will consider a labor union’s challenge to a ballot measure allowing app-based services such as Uber and Lyft to classify drivers in the state as independent contractors rather than as employees with more benefits. …
Read More

Markets/Coverages: MGA OpenRoad Enters Collector Vehicle Insurance Market

Managing general agency Open Road Insurance announced its entry into the marketplace for collector vehicle auto insurance with its first license in Texas, and plans to launch in other U.S. states later this summer. National Interstate Insurance Company, a member …
Read More

Triple-I and NICB Partner to Help Consumers Fight Contractor Fraud

The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking May 20-24 as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselves from dishonest contractors. “For many homeowners who are victims of contractor …
Read More

Massachusetts High Court Reheats Recipe in Restaurants’ COVID-19 Insurance Denial

In a ruling against an upscale restaurant chain, the Massachusetts Supreme Judicial Court has affirmed its 2022 ruling that the COVID-19 virus does not trigger business interruption insurance because it does not cause “direct physical loss or damage.” Davio’s restaurant …
Read More