Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Ratings: North Country, Liberty Mutual (notes), Allstate (shelf), Am. Freedom
May 9 2012 // A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb+” of Watertown, New York-based North...
Insurance Jobs Outlook: Getting Better, Region by Region
May 7 2012 // The property/casualty insurance jobs outlook is slowly, gradually getting better – or at least not getting worse. A growing number of insurance businesses are hiring more workers this year. Meanwhile, many others are...
In East Region, Insurance Sector Hiring Is ‘Slightly Elevated’ in 2012
May 7 2012 // The insurance employment market in the East and Northeast regions — as in most other parts of the country — can be summed up the following way: hiring is “slightly elevated” compared to last year, but there...
Court Reverses Mississippi Award Over ‘Negligent’ Flood Policy Advice
May 1 2012 // An insurance company selling federal flood insurance has won a case against a Mississippi homeowner who claimed the insurer was negligent in not informing him that he was eligible to buy a preferred risk policy with more...
Liberty Mutual Profit Soars 26% in Q1
Apr 27 2012 // Global insurer Liberty Mutual Holding Co. Inc. and its subsidiaries reported a 26 percent jump in net income for the three months ended March 31 due to higher premiums and lower catastrophe losses. The company reported a...
Business Moves
Apr 16 2012 // Peachtree, Personable Holdings A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity firm looking to enter the non-standard...
Insurance Employment Report: Jobs Outlook Improving, Slowly
Apr 16 2012 // Looking for work can be an exhausting, soul-draining endeavor during the best of economic times. It goes without saying that job searching is considerably more challenging these days, when the U.S. unemployment rate is...
East Insurance Employment: Hiring Is ‘Slightly Elevated’ in 2012
Apr 16 2012 // The insurance employment market in the East and Northeast regions — as in most other parts of the country — can be summed up the following way: hiring is “slightly elevated” compared to last year, but there...
Business Moves – Southeast
Apr 16 2012 // Peachtree, Personable Holdings A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity firm looking to enter the non-standard...
Liberty Mutual ‘Disappointed’ at AIG Workers’ Comp Settlement
Apr 16 2012 // Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers’ compensation class-action settlement between AIG and its rival companies. The class action...
Liberty Mutual Acquires KIT Finance, Enters Russian Auto Insurance Market
Mar 29 2012 // Liberty Mutual, one of the largest insurance companies in the world, said it would enter the Russian market with a deal to acquire KIT Finance Insurance, which primarily writes auto coverage in St. Petersburg and...
N.H. Resident Pleads Guilty to Filing Fraudulent Claim
Mar 23 2012 // A New Hampshire woman pleaded guilty this month to filing a fraudulent claim on her renter’s policy. The suspicious claim was made in 2009 and was subsequently investigated by the New Hampshire insurance...
Liberty Mutual Posts $284M Q4 Income, Diversifies Business
Mar 19 2012 // Liberty Mutual Group reported $284 million in net profit for its 2011 fourth quarter — down 50.7 percent compared to the same period one year ago. The insurer said the quarterly operating results were hurt especially by...
Liberty Mutual ‘Disappointed’ at $450M AIG Workers’ Comp Settlement
Mar 14 2012 // Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers’ compensation class-action settlement between AIG and its rival companies. The class action...
Liberty Mutual Posts $284M Q4 Income; $365M Profit for Full Year
Mar 7 2012 // Liberty Mutual Group reported $284 million in net profit for 2011 fourth quarter — down 50.7 percent compared to the same period one year ago. The insurer said the quarterly operating results were hurt especially by...
Safeco Insurance Announces Agent Leaders for the National Advisory Council
Feb 9 2012 // Seattle, Wash.-based Safeco Insurance announced new leaders for its National Advisory Council in 2012. They are Shane Tatum, president, and Jeff Ogard, vice president. Tatum, who has served on the agent council since 2004,...
Nationwide Calls Harleysville Deal ‘Fair and Compelling’
Jan 25 2012 // Nationwide is brushing off Liberty Mutual’s allegation that Nationwide’s pending acquisition of Harleysville Mutual would unfairly benefit subsidiary Harleysville Group’s stock shareholders at the expense...
People
Jan 23 2012 // John F. Finston has accepted an appointment to be deputy commissioner for Corporate & Regulatory Affairs at the California Department of Insurance. Finston was the head of SNR Denton’s insurance regulation...
Report: Liberty Mutual Failed in Bid to Buy Harleysville
Jan 23 2012 // It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last...
Mission Accomplished: Post-Military Job with a Purpose
Jan 19 2012 // One of the things Shane Crockett loved about being in the military was the sense of purpose he felt on the job every day, something he said was missing from his first post-military job as an engineer. So like the veteran...
