Travelers Cos. said first-quarter profit slipped 17% as catastrophe costs climbed and investment income dropped on lower hedge fund returns.

Volkswagen AG has agreed to set aside at least $10 billion to resolve civil claims by the U.S. government and lawsuits by American car owners over diesel vehicles rigged to cheat pollution controls.

New technologies bring great advancements and new hazards that have not been contemplated, handled or previously rated.

Direct written premiums for the commercial auto insurance market totaled $31.2 billion for 2015.