Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
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...
Liberty Mutual Adds Crisis Management Endorsement
Jan 17 2012 // Liberty Mutual Insurance has added a crisis management endorsement to its new commercial lead umbrella policy form to help protect mid-sized companies. The endorsement offers policyholders up to 72 hours to identify a...
Report: Liberty Mutual Failed in Bid to Buy Harleysville
Jan 6 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...
Safeco Names Mitchell Regional General Manager For California
Jan 4 2012 // Safeco Insurance named Diane Mitchell as the company’s new regional general manager for California. The change was effective Jan. 2. During her time at Safeco, Mitchell has held a variety of roles. Most recently, she...
West Virginia AG Sues Insurer, Auto Repair Shop
Dec 20 2011 // West Virginia Attorney General Darrell McGraw said last week that his office has sued Liberty Mutual Insurance Company and an auto repair shop. The attorney general says the defendants allegedly repaired vehicles with what...
Liberty Mutual’s Guangdong Branch Opens for Business
Dec 15 2011 // The Liberty Mutual Group announced that its provincial branch in Guangzhou, Guangdong Province in China has “commenced operations and issued its first insurance policy on December 2, 2011.” Liberty received the...
Business Moves
Dec 5 2011 // Alleghany Corp., Transatlantic Holdings New York-based Transatlantic Holdings Inc., which called off a merger deal with Allied World Assurance Co. in September, agreed to be acquired by Alleghany Corp. in New York. The...
Liberty Mutual Completes Deal for Ireland’s Quinn Insurance Operations
Nov 14 2011 // The Boston-based Liberty Mutual Group announced it has successfully completed the planned acquisition of Quinn’s Irish insurance business, as well as the transfer of all existing Quinn Insurance employees to Liberty...
Liberty Mutual Posts $111M Q3 Loss, Hurt By CAT Loss, Asbestos Charge
Nov 6 2011 // Liberty Mutual Group reported a net loss of $111 million for its third quarter. In contrast, the third-largest property/casualty insurer in the U.S. had posted net profit of $567 million during the same quarter last...
S&P Affirms Liberty Mutual, Affiliates Ratings; Revises Outlook to Positive
Oct 7 2011 // Standard & Poor’s Ratings Services has revised its outlook on Liberty Mutual Group (LGMI, and the members of the Liberty Mutual Intercompany Pool, the Peerless Intercompany Pool, and other rated insurance...
Conn. Guaranty Fund Must Share Workers’ Comp Claims
Sep 5 2011 // The state insurance guaranty fund can be considered the last insurer on a workers’ compensation risk that has multiple insurers and be initially liable for paying benefits to the injured employee, with the right to...
Connecticut Court Rules on Guaranty Fund Role in Workers’ Comp Claims
Aug 23 2011 // The state insurance guaranty fund can be considered the last insurer on a workers’ compensation risk that has multiple insurers and be initially liable for paying benefits to the injured employee, with the right to...
Insurer’s New Predictive Model Targets High Cost Workers’ Comp Claims
Aug 18 2011 // Workers’ compensation giant Liberty Mutual has developed a new predictive model that lets it more quickly identify and manage high cost workers’ compensation claims that typically make up about 20 percent of...
Agents Say Insurers Out of Touch with Needs of Small Businesses
Aug 11 2011 // Insurance agents and brokers think that their insurance carriers may be out of touch with what the small business segment needs. For one, carriers have been busy coming out with new products and coverage enhancements for...
