Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Advocacy Group Challenges Liberty Mutual’s California Insurance Rates
Dec 11 2007 // The Greenlining Institute, a multi-ethnic advocacy organization, has fiiled a petition with the California Department of Insurance challenging Liberty Mutual Insurance Co.’s insurance rates. According to the advocacy...
Mass. Auto Insurers Get Into Gear for Competition
Dec 2 2007 // Most plan to cut rates as state moves ahead with plan for managed competition for 2008 Auto insurance carriers are looking to compete by rewarding drivers with good driving records, good grades, hybrid vehicles, property...
Texas Supreme Court Shakes up Outlook for Co-insurers at Odds
Dec 2 2007 // Overpaying insurer may not always have cause of action against underpaying company It is common for an insured to have two insurers cover the same risk. When the insured is sued regarding that risk, both insurers have a...
Safeco Estimates Calif. Wildfire Losses at $35 Million
Dec 2 2007 // Frank Santoya, a member of the California Fire Office of the State Fire Marshall, walks through the rubble as he surveys the fire damage in the Rancho Barnardo neighborhood of San Diego on Oct. 30, 2007 (AP Photo/Rick...
Mass. Drivers Get Taste of Competition; Insurers Cut Rates, Enhance Products
Nov 20 2007 // Drivers with good driving records, good grades, hybrid vehicles, property policies and pets are among those who could benefit under auto insurance rating plans filed for use in 2008 in Massachusetts. Indeeed, most drivers...
N.H. Court: Homeowners Exclusion Applies in Babysitter Molestation
Nov 18 2007 // A New Hampshire couple sued for negligence after their son molested children they were babysitting does not have coverage under their homeowners policy that has a sexual molestation exclusion, the New Hampshire Supreme...
Peerless Insurance Returning to Mass. Auto Under Managed Competition
Nov 14 2007 // Liberty Mutual Group today announced that one of its companies – Keene, N.H.-based Peerless Insurance – intends to return to the Massachusetts private passenger auto insurance market next year after a 20-year...
Safeco Estimates Calif. Wildfire Losses at $35 Million
Nov 12 2007 // Seattle-based Safeco is estimating that claims stemming from the recent California wildfires will amountto $35 million in pretax catastrophe losses. That figure represents the estimated losses both from claims received...
Liberty Mutual to Grow Mass. Sales Force by 50% to Handle Auto
Nov 9 2007 // Liberty Mutual, the state’s fourth-largest auto insurer, announced plans to add 30 sales representatives in Massachusetts – a 50 percent increase – by the time the state implements new managed competition...
N.H. Court: Home Insurance Exclusion Applies in Babysitter Molestation
Nov 7 2007 // A New Hampshire couple sued for negligence after their son molested children they were babysitting does not have coverage under their homeowners policy that has a sexual molestation exclusion, the New Hampshire Supreme...
Liberty Mutual to Re-quote 3,305 Dropped Coastal Home Policies in N.Y.
Nov 1 2007 // Some 3,305 coastal residents in New York whose homeowners insurance policies had not been renewed by Liberty Mutual partly because they did not have other policies with the company – such as life or automobile...
International, Personal Lines Drive Liberty Mutual 3d Quarter
Nov 1 2007 // Liberty Mutual Group reported net operating income of $390 million for the three months ended September 30, 2007, an increase of $3 million over the same period in 2006. Results in the quarter include a 9.6% increase in...
Analyst: Safeco’s Earnings Per Share Likely to Be Lower
Oct 31 2007 // Goldman Sachs announced it is lowering its 2007 earnings per share estimate for Safeco by $0.55 to $6.20, primarily to reflect the third quarter EPS shortfall, as well as higher fourth quarter catastrophe losses expected...
Safeco Employees, Agents Contribute $250,000 to Fire Victims
Oct 29 2007 // Seattle-based Safeco announced it is donating a package of up to $250,000 to support relief efforts for victims of the Southern California wildfires. A $50,000 grant will be donated immediately to the San Diego/Imperial...
How to put the brakes on truck crashes
Oct 27 2007 // Drivers of large trucks and other vehicles involved in truck crashes are 10 times more likely to be the cause of the crash than other factors, such as weather, road conditions, and vehicle performance, according to a study...
Texas Workers’ Comp Penalties Total Nearly $685K for Aug., Sept.
Oct 23 2007 // Final disciplinary actions taken by Texas Commissioner of Workers’ Compensation Albert Betts during August and September 2007 include orders assessing administrative penalties totaling $684,877 for violations of the...
Liberty Mutual Enhances Commercial Property Policy
Oct 16 2007 // Liberty Mutual Property, part of the Liberty Mutual Group, introduced a new commercial real estate product, RM Custom Select Commercial Real Estate. This new product features coverage enhancements designed to complement...
Fredenberg Rejoins Safeco in Northeast
Oct 16 2007 // Safeco announced that Jennifer Fredenberg has rejoined the company in the new position of vice president for regional strategy. Fredenberg will concentrate on growing Safeco’s business in the Northeast. Fredenberg...
Ratings: Atlantic American, Safeco
Oct 4 2007 // A.M. Best Co. has taken various rating actions on the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health subsidiaries of Atlantic American Corporation (AAME) of...
Safeco Names Two To Lead in Corporate Development and Planning
Sep 28 2007 // Safeco has named Felix Huang vice president of corporate development. Huang will work with senior management on strategic planning for Safeco. Huang comes to Safeco from Vulcan Capital, where he focused on private equity...
