If Standard & Poors has downgraded them, I wonder how Best will treat them on their rating. Liberty is a very big player in the market and have several agency market companies under their banner. Everybody thought they overpaid for Safeco, but Safeco has done well and made money for them.
I guess that will depend on how their reserves to capital looks. A friend of mine said Colorado Casualty will be dropping their name and taking the Liberty moniker. I wonder if all the other LM companies will follow suit?
I was unaware that Colorado Casualty was part of the Liberty Mutual lineup. I did know about America First, Safeco & Ohio Casualty as part of the agency market segment. They are like a giant octopus with many arms, kind of like Zurich and Travelers. So big, an agent has a hard time figuring out where to go on business sometime.
I have found Liberty’s WC claim expense ratio to be exorbatant. They need to figure out how to control their spending.
If Standard & Poors has downgraded them, I wonder how Best will treat them on their rating. Liberty is a very big player in the market and have several agency market companies under their banner. Everybody thought they overpaid for Safeco, but Safeco has done well and made money for them.
I guess that will depend on how their reserves to capital looks. A friend of mine said Colorado Casualty will be dropping their name and taking the Liberty moniker. I wonder if all the other LM companies will follow suit?
I was unaware that Colorado Casualty was part of the Liberty Mutual lineup. I did know about America First, Safeco & Ohio Casualty as part of the agency market segment. They are like a giant octopus with many arms, kind of like Zurich and Travelers. So big, an agent has a hard time figuring out where to go on business sometime.