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The claim was initially denied because a policy provision excluded coverage for related claims.

In total, the company will not be renewing some 72,000 commercial and personal property policies in the state.

Insurance industry news from Nordic Capital, Chubb, USQRisk and more featured in weekly update.

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

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

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.

The California FAIR Plan faces $311 billion in potential losses, up from $50 billion six years ago.