"We are living through a virtual avalanche of business risks — from labor shortages, supply chain issues and inflation to increased regulatory oversight and enforcement," Chris Harvey, senior vice president at Sedgwick, said. (Credit: BigBlueStudio/stock.adobe.com)

The rate of product recalls increased during the third quarter compared with the prior three-month period, according to Sedgwick, which reported a slew of business challenges and increased regulator pressure will continue to drive recalls into 2022.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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