Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty January 23, 2024 By Ezra Amacher The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its...
Markets/Coverages: Liberty Mutual Launches New Management Liability Package January 22, 2024 Liberty Mutual recently announced ProShield, a packaged solution providing private companies and non-profits streamlined access to directors & officers, employment...
Liberty Mutual Records $219M Q3 Net Income November 9, 2023 Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million...
Liberty Mutual Announces 850 Additional Layoffs October 27, 2023 By Andrew G. Simpson Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce,...
Liberty Mutual to Repay $7.7 Million to Over 86,000 Minnesota Policyholders October 25, 2023 Liberty Mutual has agreed to repay $7.7 million to more than 86,000 policyholders for auto and homeowners insurance policies for...
Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes August 10, 2023 By Chad Hemenway Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion....
Liberty Mutual to Stop Offering Business Owner’s Policy In California As Costs Bite July 27, 2023 By Jaiveer Shekhawat Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from...
Generali Agrees to Acquire Liberty Mutual’s European Units for $2.5 Billion June 15, 2023 By Jan-Henrik Förster, Aaron Kirchfeld and Sonia Sirletti Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding Co. for...
Women Still Underrepresented in Agency Leadership: Survey March 8, 2023 A new report showed that while more agencies have at least one woman in leadership, men still outnumber women in...
Liberty Mutual Tackling U.S. Personal Lines Challenges February 24, 2023 The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported...