Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Editor’s Note: The Spitzer Error
Aug 21 2008 // To conclude the Liberty Mutual ruling marks the end of the Spitzer era may be wishful thinking. Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements...
Contingent Commissions Legal, N.Y. Court Rules
Aug 21 2008 // Agent groups praised Liberty Mutual for fighting the battle in court and winning. In a twist to a scandal that has rocked the insurance industry in the past several years, a New York appeals court has ruled that contingent...
Soft Market Hammers Commercial Carriers’ Stocks; M&As Active in Personal Lines Sector
Aug 21 2008 // Stock Prices: The soft market continues to have an effect on insurers’ stock prices. With the inability of insurers to grow in the current market, commercial insurers’ stocks are still falling, down 18 percent...
Liberty Mutual Sues New York over Workers’ Comp Law Changes
Aug 19 2008 // Boston-based insurer Liberty Mutual Holding Co. has filed a federal lawsuit challenging several recent amendments to New York State’s workers’ compensation law as unconstitutional. The suit alleges that changes...
Liberty Mutual Names Directors of Two New Research Centers
Aug 14 2008 // Liberty Mutual Research Institute for Safety, part of Boston-based Liberty Mutual Group, has named Nils Fallentin and Marvin Dainoff, respectively, as directors of two newly established centers: the Center for Physical...
For Liberty Mutual, Insurance Customers’ Values Have Value
Aug 7 2008 // Liberty Mutual’s Responsibility: What’s Your Policy? ad campaign of people doing nice things for strangers has created quite a buzz in insurance marketing circles. But executives at the Boston-based insurer...
Contingent Commissions Legal, N.Y. Court Rules
Aug 4 2008 // In a twist to a scandal that has rocked the insurance industry in the past several years, a New York appeals court recently ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
The Spitzer Error
Aug 4 2008 // Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not...
The Spitzer Error
Aug 4 2008 // Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not...
Safeco Shareholders Approve Liberty Mutual Merger
Jul 30 2008 // The shareholders of Safeco Corporation (NYSE:SAF) today voted overwhelmingly to approve the merger agreement entered into on April 23, 2008 with Liberty Mutual Group. Of those Safeco shareholders who voted, 99.5 percent...
Premiums, Net Income Decline for Safeco in Q2
Jul 29 2008 // Seattle, Wash.-based Safeco’s net income dropped nearly $37 million in the second-quarter 2008 over the same time period in 2007, the company reported today. For the second-quarter 2008, Safeco posted net income of...
Liberty Mutual’s Q2 Profits Up; Combined Ratio at 98%
Jul 24 2008 // Bad weather and a poor economy hampered Liberty Mutual Group’s (LMG) second quarter results but revenues overall were up 10.4 percent over second quarter 2007, the company reported today. Liberty Mutual reported the...
Car Buyers Can Get Totaled Car Data from Liberty Mutual and Carfax
Jul 22 2008 // It happens all across the country: people purchase used cars without realizing they were totaled in crashes, floods and other disasters. These buyers end up paying more than the car is truly worth, often face steep repair...
Liberty Mutual Says Safeco Merger on Schedule
Jul 15 2008 // Liberty Mutual Group today reaffirmed its commitment to close its previously announced acquisition of Safeco Corp. by the end of the third quarter of 2008, subject to receipt of Safeco shareholder approval and applicable...
Contingent Commissions Legal, N.Y. Court Rules
Jul 7 2008 // In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
The Spitzer Error
Jul 7 2008 // Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not...
Court Rules Contingent Commissions Legal
Jul 7 2008 // In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
N.Y. Appeals Court: Contingent Commissions Not Illegal
Jun 27 2008 // In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
Safeco Wins Award for PR Campaign
Jun 23 2008 // Seattle-based Safeco received the Silver Anvil Award, sponsored by the Public Relations Society of America. The Silver Anvil, which recognizes outstanding achievement in strategic public relations planning and...
Business Moves
Jun 16 2008 // Mapfre, Commerce Spain’s largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 per share of Commerce’s...
