Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Liberty Mutual Sues 9 Employees, Aspen for Alleged Plot to Steal Business
Feb 5 2010 // Insurance giant Liberty Mutual Insurance is suing nine former employees and their new employer, Bermuda-based Aspen Insurance Holdings, alleging they have plotted to steal professional liability insurance business from its...
Liberty Mutual Expands Insurance Offerings for Wisconsin Schools
Jan 20 2010 // Liberty Mutual Group is expanding its program offerings for Wisconsin schools available through its partnership with the Wisconsin Association of School Boards (WASB) Insurance Plan. Effective immediately, the WASB...
Liberty Mutual Receives China Approval to Open Zhejiang Branch
Jan 7 2010 // Liberty Mutual Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), has been granted approval to establish a branch in Zhejiang by the China Insurance Regulatory Commission (CIRC). Liberty...
Liberty Mutual’s Boston Building Earns Energy-Savings Certification
Nov 5 2009 // Boston-based insurer Liberty Mutual Group says its recently purchased Back Bay building has earned a LEED certification from the United States Green Building Council. The 19-story, 585,000-square-foot building at 10 St....
Liberty Mutual Posts $265 Million Q3 Net Income; $1 Billion for 9 Months
Oct 28 2009 // Liberty Mutual Group’s results for the third quarter of 2009 are in sharp contrast to the same period of 2008. The group reported net income for the period of $265 million for the period. Its pre-tax operating income...
People
Sep 7 2009 // Markel Corp. has promoted Henry Lopez to president for Markel Midwest. Lopez has served as executive vice president for the Midwest region since November 2008. He joined Markel in 1995 as a financial analyst and has held a...
Safeco Insurance Names Two New Central Region Executives
Aug 10 2009 // Seattle-based Safeco Insurance, a Liberty Mutual Agency Markets company, announced the appointment of two key additions to its management team in the Central Region. Scott McPherson has joined the company as director of...
Ohio High Court: Negligent Act Can Be ‘Occurrence’ in Some Cases
Aug 10 2009 // In a decision announced Aug. 4, 2009, the Supreme Court of Ohio held that when a liability insurance policy defines a covered “occurrence” as an “accident,” a negligent act committed by an insured...
Connecticut Fines Safeco $434K over Numerous Violations
Jul 24 2009 // The Connecticut Insurance Department has fined Safeco Cos. $434,000 following a market conduct exam of the five subsidiaries for the insurer. The fines are for violations that include improper cancellations, improper...
Liberty Mutual Agency Markets Appoints 3 Vice Presidents
Jul 22 2009 // Liberty Mutual Agency Markets’ Regional Companies Group has appointed three vice presidents to its commercial lines product management team. Aswin Krishnan will manage the workers’ compensation line of...
SEC Charges 5 with Insider Trading Ahead of Liberty Mutual-Safeco Merger
Jul 17 2009 // The Securities and Exchange Commission (SEC) has charged that five individuals, including a former investment banker at Goldman Sachs & Co., illegally tipped or traded on confidential information ahead of an...
Liberty Mutual, CAMICO Insurance Program Targets Larger CPA Firms
Jul 14 2009 // CAMICO Mutual Insurance Co.y, a CPA-owned professional liability insurer, and Liberty International Underwriters (LIU), a division of Liberty Mutual Group, have forged a new program for CPA firms nationally. The new...
Court: Safeco Must Disclose Who it Surcharged for Auto Insurance
May 6 2009 // Seattle-based Safeco Insurance Co. will be required to disclose which customers it surcharged due to their lack of prior continuous automobile insurance coverage, the California Court of Appeal in Los Angeles has...
It’s Not Easy Being Green; But It’s Profitable
Apr 21 2009 // Jim Henson’s most famous Kermit the Frog said it the best, “It’s not easy being green.” Today’s property owners and insurers understand that while it’s not easy going green, being green...
Best Revises Liberty Mutual Group Outlook to Negative; Affirms Ratings
Apr 10 2009 // A.M. Best Co. has revised the outlook to negative from stable for the financial strength (FSR) and issuer credit ratings (ICR) of Liberty Mutual Group, Inc. (LMGI), Liberty Mutual Insurance Companies and Liberty Insurance...
Connecticut Orders Liberty Mutual to Pay $930K
Mar 25 2009 // The Connecticut Insurance Department has ordered Boston-based Liberty Mutual Insurance Cos. to pay nearly $930,000 in fines and restitution for overcharging thousands of customers, settling claims incorrectly and violating...
Greener Opportunities
Mar 23 2009 // Insurers Compete for a Growing Green Industry Jim Henson’s famous Kermit the Frog said it the best, “it’s not easy being green.” Today’s property owners and insurers understand that while...
Liberty Mutual Offers Commercial Fleets Tool to Reduce Costs
Mar 5 2009 // Portland, Ore.-based Liberty Northwest, a Liberty Mutual Agency Markets regional company, is offering commercial fleets in its five-state territory Onboard Advisor, a fleet management product that is designed to help...
AIG Restructuring Chief Reynolds Has Tough Job in Tough Market
Mar 3 2009 // Paula Rosput Reynolds has a job that would daunt some of the most experienced Wall Street veterans — restructuring American International Group Inc. by selling assets in the midst of a severe credit crunch. Reynolds,...
Business Moves
Feb 8 2009 // Liberty Mutual, Wausau Liberty Mutual Group, which sells insurance both direct and through independent agents, is discontinuing direct distribution to mid-sized businesses and now plans to distribute its commercial...
