National News

Zurich Donates $3M for Post-Katrina Disaster Recovery Lab

Global insurance provider Zurich Insurance Group announced its Z Zurich Foundation is giving a $3 million grant to St. Bernard Project (SBP), a nonprofit organization dedicated to helping disaster-impacted communities recover in a prompt, efficient and predictable way. The grant …

Honda Robot’s Advanced Technology Tapped for Driverless Cars

In 1986, Honda Motor Co. built a pair of robotic legs that could walk in a line. A decade later, it added an upper body. Yesterday in Tokyo, Honda’s latest robot, Asimo, met its first world leader: It chatted in …

Payment System Attacks Trail Behind Other Cybercrimes

While Target’s massive data breach last year caused consumers to panic and drew attention to Internet crime, a new study finds that breaches on retailer payment systems are less common than other kinds of attacks. More than twice as many …

Affordable Care Act’s Impact on Liability Insurance Costs: RAND

The expansion of health insurance accomplished under the Affordable Care Act may alter costs for several major types of liability insurance, although any such changes are likely to be modest, according to a new RAND Corporation report. Automobile, workers’ compensation, …

EMPLOYERS Names Vogt, Chief Claims Officer, Senior Vice President

EMPLOYERS named Barry J. Vogt chief claims officer, senior vice president. He leads the claim operations group and is responsible for claims strategy, medical management/managed care strategy, catastrophic claim management, fraud investigations, claim controls, regulatory compliance and subrogation effectiveness. Vogt,who …

New Defect Investigation Over GM’s Impala Braking System

U.S. regulators are investigating whether a General Motors Co. car’s automatic-braking system kicked in unexpectedly at 40 miles per hour, causing a crash. A 2014 Chevrolet Impala owner said his car’s driver-assist system turned on and forced a complete stop …

Powdered Alcohols Approved in Error

Don’t expect powdered alcohol to hit store shelves anytime soon. A product called “Palcohol” gained widespread attention online in recent days after it was reported that the Alcohol and Tobacco Tax and Trade Bureau approved the powdered alcohol, including vodka …

P/C Insurers’ 2013 Profits Reflect First Underwriting Gains Since 2007

 Private U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 …

Twice the Risk of Foodborne Outbreaks at Restaurants Versus Homes

Outbreak data show that Americans are twice as likely to get food poisoning from food prepared at a restaurant than food prepared at home, according to the Center for Science in the Public Interest. The nonprofit food safety watchdog group …

The Benefits of Locating Lost Policies

There are a variety of situations when a lost policy might need to be located, according to Sheila Mulrennan, president of the New York-based Insurance Archaeology Group. Searches are typically associated with long tail liability claims, the most common claim …

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