Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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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 …

Tue May 21, 2024 20:57
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 …

Tue May 21, 2024 19:59
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, …

Tue May 21, 2024 19:59
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 …

Tue May 21, 2024 19:00
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 …

Tue May 21, 2024 19:00
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 …

Tue May 21, 2024 19:00

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