Commercial Lines

Chrysotile is the only known type of asbestos still being imported, processed and distributed in the U.S.

Wages have continued growing, in turn boosting payrolls and premiums for most industries.

The settlement consisted of $12 million from an AXA XL excess coverage policy and $3 million total from three other policies.

Michael Tipsord is retiring after 36 years with the company. He will continue serving as chairman of the company's board.

Waymo released a new fleet of driverless vehicles in L.A. on March 14, with some hailing the robotaxi service as revolutionary and others wary of dangers.

While the number of events was up, the total number of units recalled saw a 50% decrease compared with 2022, Sedgwick reports.