Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
13 States File Briefs Against Credit Scoring in U.S. Supreme Court Case
Dec 27 2006 // Delaware Insurance Commissioner Matt Denn has taken arguments against insurance industry use of credit scoring to the U.S. Supreme Court, filing a brief in a pending case involving the practice. Denn recruited 12 other...
Safeco Appointment Creates Controversy
Dec 11 2006 // The Associated Press is reporting that the recent appointment of Juan Vargas to serve as Safeco’s vice president of external relations is creating controversy. “The appointment of the San Diego lawmaker to one...
Safeco lists on NYSE, hopes to grow by improving agent incentives
Dec 11 2006 // Seattle-based Safeco said it is expecting independent agents, in part, will help the company grow organically and provide predictable returns for investors. In a question and answer session following its listing on the New...
News Currents
Dec 10 2006 // Safeco lists on NYSE, hopes to grow by improving agent incentives Seattle-based Safeco said it is expecting independent agents, in part, will help the company grow organically and provide predictable returns for investors....
Safeco Appoints Mikolajewski and Vargas to Leadership Posts in California
Dec 7 2006 // Seattle-based Safeco has named Tim Mikolajewski general manager for the state of California, responsible for the profit-and-loss performance of the company’s insurance products; and Juan Vargas was appointed vice...
Safeco To Host Investor Session After Opening at NYSE
Nov 30 2006 // Seattle-based Safeco will host an informal question-and-answer session for analysts in New York on Thursday, Nov. 30. The event will begin at 1:30 p.m., Eastern Time (10:30 a.m., Pacific Time) in Manhattan. Safeco’s...
R.E. Chaix Adds Safeco as Admitted Market in California
Nov 28 2006 // Timothy Chaix, president of Irvine, Calif.-based R.E. Chaix & Associates, announced that its commercial auto division has added Safeco as a new admitted market for California agents. Eligible classes of business...
Business Moves
Nov 19 2006 // Safeco Seattle-based Safeco repurchased 10.2 million shares, or approximately 8.8 percent, of its outstanding common stock through an accelerated share repurchase (ASR) program. The shares were purchased from dealer Lehman...
Indiana Insurance Named ‘Insurer of the Year’ by Independent Agents
Nov 17 2006 // Loveland, Ohio-based Indiana Insurance, a member of Liberty Mutual Group, has been named the 2006 Indiana Insurance Company of the Year by the Independent Insurance Agents of Indiana (IIAI). The recognition came during the...
Liberty Licensed in Vietnam
Nov 17 2006 // Liberty Mutual Group announced from its Boston headquarters that it has received a license to operate a wholly owned general insurance company in Vietnam. Liberty Mutual has had a presence in Vietnam since 2003 when it...
Safeco Cuts Auto Rates in Colorado
Nov 17 2006 // Seattle-based Safeco announced it is cutting auto insurance rates in Colorado by as much as 21 percent, with the average Colorado customer experiencing a 4.8 percent decrease. Since July 2004, Safeco has taken rates down...
Liberty Mutual Property Opens Office in Orange County
Nov 14 2006 // Liberty Mutual Property, a business unit of Liberty Mutual Group, opened a new office in Orange County, Calif., in response to what it’s calling a growing book of middle-market commercial property business in...
Indiana Insurance Adds Enhanced Technology for Personal Lines
Nov 10 2006 // Indiana Insurance, a member of Liberty Mutual Group, has added real-time policy inquiry, endorsement quoting, and electronic endorsement submissions to the roster of functions available through Personal IQ, the...
Former Safeco Exec Defeated in Election
Nov 9 2006 // Although she didn’t campaign as an anti-war candidate, Democratic Sen. Maria Cantwell won over the vast majority of Washington voters most unhappy with the war in Iraq and displeased with President Bush’s job...
Safeco Repurchases 10.2 Million Shares
Nov 7 2006 // Seattle-based Safeco has repurchased 10.2 million shares, or approximately 8.8 percent, of its outstanding common stock through an Accelerated Share Repurchase (ASR) program. The shares were purchased from dealer Lehman...
New Liberty Mutual Unit Integrates Safety with Business Strategy
Nov 3 2006 // Newly-launched Liberty Mutual Solutions aims to assist large companies looking to improve the impact safety has on their bottom line. The new unit offers safety tools and techniques on a fee-for-service basis to help large...
Safeco Declares Regular Dividend and Share Repurchase Increase
Nov 3 2006 // Safeco has declared a regular dividend of $0.30 per share on its common stock. The dividend is payable Jan. 22, 2007, to shareholders of record on Jan. 5, 2007. The company also announced that its board of directors has...
Water Tanks, Washing Machines Likely to Soak the House
Nov 1 2006 // Of all the appliances found in the home, the water heater and washing machine are the most likely to cause serious damage and leave home owners financially high and dry. According to a nationwide analysis by Safeco...
Safeco Reports Net Income of $101.1 Million in Third Quarter
Oct 31 2006 // Seattle-based afeco has reported its third-quarter results. The company produced record net income for third-quarter 2006 of $255.7 million, or $2.20 per diluted share. This compares with net income of $101.1 million, or...
Liberty Mutual Appoints LeRoy to Lead Large Commercial Division
Oct 20 2006 // Underscoring its commitment to the largest commercial insurance buyers, Liberty Mutual named Melissa A. LeRoy as regional vice president and managing director for its Major Accounts Division. Formed in 2005, Liberty...
