Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Tom Hutton Elected to Safeco Board of Directors
Dec 5 2003 // Seattle-based Safeco’s board of directors has elected Tom Hutton as director effective Jan. 1, 2004. Hutton is the former president and CEO of Risk Management Solutions (RMS), a provider of licensed software, data...
Liberty Mutual, MetLife A&H Recoup $2 Million in Fraud Suit against Mass. Lawyers, Medical Clinic
Dec 3 2003 // Score one for the industry! Liberty Mutual Group and MetLife Auto & Home announced settlements of around $2 million – in their favor- in a multi-million dollar insurance fraud suit against attorneys and medical...
S&P Assigns Liberty Insurance Holdings Intercompany Pool Members ‘A’ Rating
Dec 2 2003 // Standard & Poor’s has assigned its ‘A’ counterparty credit and financial strength ratings to the nine companies that constitute the Liberty Insurance Holdings Intercompany Pool (LIH Pool, formerly...
Safeco Adds Workers’ Comp Policies to Online Sales Platform
Nov 25 2003 // Seattle-based Safeco Business Insurance (SBI) has expanded its online sales platform to make it faster and easier for agents to sell workers compensation insurance to small businesses. The update means agents can go online...
Liberty Mutual to Open China Office
Nov 24 2003 // Liberty Mutual will open an office in the southwestern city of Chonquing in December, marking the company’s entry into the Chinese P/C market. Liberty had received the go ahead from the China Insurance Regulatory...
Safeco Estimates Calif. Wildfire Losses
Nov 18 2003 // Safeco announced that claims stemming from the recent California wildfires are estimated at $16.0 million in pretax catastrophe losses. This figure represents the estimated losses both from claims received through Nov. 14...
Safeco Declares Regular Dividend
Nov 6 2003 // Seattle-based Safeco declared a regular dividend of 18.5 cents per share on its common stock. The dividend is payable Jan. 26, 2004 to shareholders of record on Jan. 9, 2004.
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Safeco Survey Finds Small-Business Owners Ill-Prepared When Disaster Strikes
Oct 22 2003 // A new nationwide survey by Safeco Corp. found most small-business owners are ill-prepared to recover costs if disaster strikes, such as company’s payroll, operating expenses and profits, and aren’t...
Fitch Updates Liberty Mutual’s Asbestos Charge
Oct 21 2003 // Fitch Ratings commented that following a review of Liberty Mutual Insurance Co.’s (Liberty) public disclosures regarding the completion of the insurance company’s ‘grounds up’ asbestos reserve...
Safeco and Subs Affirmed
Oct 20 2003 // S&P affirmed its “BBB+” counterparty credit rating on Safeco Corp. and its “A+” counterparty credit and financial strength ratings on the members of the Safeco Insurance Co. Intercompany Pool,...
Safeco Plans Use of New Business Automation
Oct 10 2003 // In a major enhancement to its point-of-sale automation, Seattle-based Safeco has unveiled plans for a single, unified web-based technology platform that will reportedly make it faster and easier for independent...
Hebert Joins Safeco as Corporate Controller
Oct 7 2003 // Seattle-based Safeco named Maurice Hebert corporate controller. Hebert, 40, joins Safeco from AIG SunAmerica. He served in a number of key financial roles at the Los Angeles-based company including, most recently, vice...
S&P Comments on Safeco Corp. and Subsidiaries
Oct 2 2003 // Standard & Poor’s Ratings Services commented on SAFECO Corp. and its subsidiaries. On Sept. 29, 2003, Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on SAFECO Corp. and...
Safeco Sells Life & Investments to Focus on P/C Insurance
Sep 30 2003 // Aiming to be one of the top-performing companies in its sector, Safeco unveiled a new corporate structure with a clear focus on delivering Property & Casualty insurance products. As a result, Safeco intends to sell...
Safeco Strengthens WC Reserves; Announces Estimates of Hurricane Isabel Losses
Sep 30 2003 // Following the completion of a previously announced review, Safeco strengthened reserves for workers’ compensation, affecting third-quarter financial results by $0.96 per diluted share. Safeco increased loss reserves...
Safeco Reports Most Homeowners’ Pain Isn’t from the Rain
Sep 26 2003 // With hurricane season still generating powerful storms, and cold weather rain and snow not too far away, homeowners might be surprised to learn the most common cause of water damage to personal property isn’t from...
Worksite: An Opportunity to Boost Revenue, Broaden Portfolio
Sep 22 2003 // In the face of rising healthcare costs, agents and brokers who sell employer-paid benefits might consider adding worksite to the mix. Worksite — a way of selling individual insurance policies to groups of employees at...
Liberty Mutual Lowered
Aug 18 2003 // Fitch Ratings lowered its insurer financial strength ratings on companies participating in the Liberty Mutual inter-company pool to “A-” from “A” and its rating on Liberty Mutual Insurance...
Safeco Declares Regular Dividend
Aug 7 2003 // Seattle-based Safeco declared a regular dividend of 18.5 cents per share on its common stock. The dividend is payable Oct. 27, 2003 to shareholders of record on Oct. 10, 2003.
