Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …
The Wharton Risk Management and Decision Processes Center has appointed Harvey Ryland as a senior research fellow. Ryland brings to the Wharton Risk Center 30 years of experience in the field of emergency management. Ryland is the former president and …
With green building construction starts expected to increase 400 percent in the next two years according to construction experts, Liberty Mutual Property, part of Liberty Mutual Group, has introduced a collection of “green” commercial property coverages. Green Select is a …
Royal Bank of Scotland’s insurance arm offers a once-in-a-lifetime opportunity for buyers to scoop up a key share of the UK market just as it begins to show signs of recovery, and suitors are already eyeing the unit. Financial pressures …
The chairman of the House Judiciary Committee says he wants Vermont to study special ignition locks for repeat drunken drivers that would require a clean breath test before allowing a car to be started. “My intention here is to increase …
China’s proposed food safety law, which promises tough penalties including possible life imprisonment for makers of dangerous food products, is a good first step, industry officials and analysts said Tuesday. A draft version of the law, released this week, is …
The U.S. Equal Employment Opportunity Commission filed a class action lawsuit this week against McCormick & Schmick’s Seafood Restaurant Inc., alleging race discrimination against black applicants and employees at its two Baltimore restaurants. The EEOC alleges that the restaurant’s management …
A new survey of insurance companies estimates that nearly 90 percent of claims stemming from the devastating October 2007 fire and wind storms in California have been settled. A poll by the Insurance Information Network of California of companies representing …
Nine homes, nine outbuildings and two recreational vehicles were destroyed after a 3,745-acre fire went on a nail-biting run between the towns of Manzano and Torreon, N.M., fire officials said. Wind-driven flames jumped a fire contingency line, crossed the Cibola …
Wells Fargo Insurance Services recently announced the addition of staff in its North Dakota office. Deb Galt was named Insurance Brokerage supervisor for Wells Fargo Insurance Services’ Midwest region, and Gail Hayes was named as new Commercial Account representative. Both …
