Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Fitch Ups Liberty Mutual’s Ratings Outlook
Aug 12 2016 // Liberty Mutual Group’s ratings outlook has been bumped up to positive from stable at Fitch Ratings, reflecting an acknowledgment of improved operating performance. Fitch also affirmed the financial strength ratings...
Liberty Mutual Q2 Results Zapped by Energy Investments
Aug 5 2016 // Liberty Mutual Holding Co. Inc. reported net income of $15 million for the second quarter, a 94 percent drop from the $254 million recorded for last year’s second quarter. Energy investments were largely to blame for...
Future of Boston’s July 4th Celebration In Doubt Without a Successor to Sponsor Liberty Mutual
Jul 5 2016 // This Fourth of July, the cannons roared and the fireworks burst in brilliant colors as a world class orchestra drove home the climactic finale of Tchaikovsky’s “1812 Overture,” as they have for decades...
People – East
Jun 20 2016 // Erie Indemnity, the managing company for Erie Insurance, has named Timothy G. NeCastro as Erie Insurance’s president and CEO-designate effective June 1. NeCastro is a 20-year veteran of the company. He will succeed...
Liberty Mutual Announces 3 Commercial Insurance Leadership Appointments
Jun 3 2016 // Liberty Mutual announced three senior appointments to its Commercial Insurance operating unit. Mike Fallon is appointed president, National Insurance, which helps large and specialized businesses with risk management....
Liberty Mutual Starts $150M Venture Capital Fund for Instech
May 20 2016 // Liberty Mutual Global Consumer Markets has formed a new venture capital initiative focused on technology and the insurance industry. Liberty Mutual Strategic Ventures (LMSV), a $150 million early stage venture fund, is...
Vermont Fines Travelers, Liberty Mutual
Apr 18 2016 // The Vermont Department of Financial Regulation (DFR) announced that Travelers Insurance and Liberty Mutual Insurance have paid Vermont $154,000 in fines and repaid consumers another $54,500. DFR said in March that the two...
Vermont Fines 2 Insurers for Non-Compliance
Mar 15 2016 // Vermont Department of Financial Regulation (DFR) Commissioner Susan L. Donegan announced that Travelers Insurance Co. and Liberty Mutual Insurance Co. have paid Vermont $154,000 in fines and repaid consumers another...
Liberty Mutual Profit Fell 70% in 2015
Mar 4 2016 // Liberty Mutual Insurance saw profits fall for the fourth quarter and full year 2015 due to higher catastrophe and energy-related losses. Parent Liberty Mutual Holding Co. booked $411 million in net income in Q4, a nearly...
U.S. Top Court Rules Against Vermont’s Healthcare Data Law
Mar 2 2016 // The U.S. Supreme Court on Tuesday ruled that Vermont cannot compel health insurers to hand over data on the amount paid on medical claims, backing Liberty Mutual Insurance Co’s contention that federal law prohibited...
Supreme Court Blocks States from Collecting Self-Insurers’ Health Cost Data
Mar 1 2016 // The U.S. Supreme Court on Tuesday ruled that Vermont cannot compel health insurers to hand over data on the amount paid on medical claims, backing Liberty Mutual Insurance Co.’s contention that federal law prohibited...
Liberty Mutual Completes Chile M&A; Cámbara Named CEO of Chile Operations
Jan 15 2016 // Liberty Mutual Insurance named Fernando Cámbara Lodigiani as CEO of its Chile operations following its acquisition of approximately 99.6 percent of Compañía de Seguros Generales Penta Security S.A. (Penta...
People – East
Jan 11 2016 // Liberty Mutual Insurance has created a new practice dedicated to schools, municipalities and other public entities, and has appointed Susan L. Kostro as chief underwriting officer, Public Entity. Kostro will be responsible...
AXA to Buy Liberty Ubezpieczenia, Polish P&C Operations of Liberty Mutual
Dec 28 2015 // AXA announced it will acquire Liberty Ubezpieczenia, the Polish property & casualty operations of Liberty Mutual Insurance Group for 92.3 million Polish Zloty ($23 million), plus the net asset value outstanding as of...
Supreme Court Hears Liberty Mutual Case Against Vermont Data Law
Dec 21 2015 // Members of the U.S. Supreme Court indicated on Dec. 2 that Vermont and 17 other states could be prevented from collecting healthcare information from certain employee health plan administrators. The nine justices heard a...
Liberty Mutual Creates New Public Entity Division, Hires Kostro to Lead
Dec 18 2015 // Liberty Mutual Insurance has created a new practice dedicated to schools, municipalities and other public entities, and has appointed Susan L. Kostro as chief underwriting officer, Public Entity. Kostro will be responsible...
Financial Strength Rating Remain Unchanged for Liberty Mutual: A.M. Best
Dec 10 2015 // The financial strength rating of A (Excellent) and the issuer credit ratings (ICR) of “a” for members of Liberty Mutual Insurance Companies (Liberty Mutual), as well as Liberty Mutual Insurance Europe Limited...
Liberty Mutual Posts $427 Million Q3 Loss on Venezuela Operations, Energy
Dec 10 2015 // Liberty Mutual Holding Co., the second- largest U.S. property-casualty insurer, posted its worst loss in at least a decade on costs tied to scaling back operations in Venezuela and the declining value of some...
Former Liberty Mutual, Progressive IT Executive Ruzicka Joins Novarica
Dec 7 2015 // Novarica, a Boston-based insurance technology research and advisory firm, reported that Chuck Ruzicka has joined the firm as a vice president of research and consulting. Prior to joining Novarica, Ruzicka was chief...
Supreme Court Hears Liberty Mutual Case Against Vermont Data Law
Dec 3 2015 // Members of the U.S. Supreme Court on Wednesday indicated that Vermont and 17 other states could be prevented from collecting healthcare information from certain employee health plan administrators. The nine justices heard...
