Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Liberty Mutual Expanding N.H. Operation
Mar 11 2005 // Liberty Mutual has announced a $40 million project to add 1,750 jobs as it expands its operation in the city. The Boston-based international insurance company, announced during a planning board meeting this week it plans...
Liberty Mutual Opens First On-Shore Rent-A-Captive
Mar 3 2005 // Liberty Mutual has now received regulator approval to set up captives in the United States through its Vermont-based Liberty Mutual Management LLC office. Liberty Sponsored Insurance (Vermont) Inc. will serve as a...
Liberty Mutual Group Sees Net Income Rise
Mar 2 2005 // Liberty Mutual Group reported net income of $565 million and $1.245 billion for the three and 12 months ended Dec. 31, 2004, respectively, representing a $130 million and $394 million increase over the same periods in...
Former Washington Governor Appointed to Safeco Board
Feb 18 2005 // Seattle-based Safeco’s board of directors has appointed former Washington State Governor Gary Locke as director, effective immediately. Gov. Locke will be included with the class of directors standing for election at...
Industry Responds to Relief Efforts for Southeast Asia Tsunami Victims
Feb 7 2005 // The Southeast Asia tsunami disaster has affected the lives and hearts of people throughout the world. What can only be described as one the worst natural disasters in history has led to an estimated death toll of 226,000,...
Liberty Mutual Opens Captive Office in Vermont
Feb 4 2005 // Liberty Mutual Captive Services opened its second on-shore office in the past four months on January 20 when it gained approval to establish Liberty Mutual Management (Vermont) LLC in South Burlington. The principal...
Safeco Declares Regular Dividend
Feb 2 2005 // Seattle-based Safeco declared a regular dividend of 22 cents per share on its common stock. The dividend is payable April 25, 2005 to shareholders of record on April 8, 2005.
Former Safeco CEO Roland Trafton Dead at 85
Jan 24 2005 // Roland Milton “Milt” Trafton, former chief executive of Seattle-based Safeco Corp. and a leading local arts benefactor, mountain climber, Arabian horse enthusiast and corporate art collector, is dead at...
Liberty Mutual Asks for 22.3 Percent Fla. Rate Increase
Jan 17 2005 // Liberty Mutual has asked the Florida Department of Insurance Regulation to approve a 22.3 percent rate increase. If approved, the increase would take effect March 14 for new customers and May 4 for renewals. Liberty Mutual...
People & Places
Dec 20 2004 // Ken Nigohosian The American Agents Alliance Board of Governors announced the selection of Ken Nigohosian as the association’s new executive director. He has worked for Safeco Insurance for 25 years. He began his...
Canter Says State, Federal Regs Are Detrimental
Dec 7 2004 // More than 120 firms participated in the Big “I” exhibit During my term we have made numerous advances, I couldn’t have done any of them without the help of the Executive Committee and dedicated...
American Agents Alliance Welcomes Nigohosian as New Executive Director
Nov 29 2004 // The American Agents Alliance Board of Governors announced the selection of Ken Nigohosian as the association’s new executive director. Nigohosian was chosen from among a pool of the insurance industry’s best...
Lockyer Subpoenas Safeco Corp.
Nov 24 2004 // California Attorney General Bill Lockyer subpoenaed Seattle-based property/casualty insurer Safeco Corp. in connection with his investigation into bid rigging and price fixing in the insurance industry, according to...
Safeco P/C Group Affirmed
Nov 22 2004 // Fitch Ratings affirmed the “AA-” insurer financial strength rating on the Safeco property and casualty group. In addition, Fitch affirmed “A-” long-term and senior debt ratings on Safeco Corp. and...
S&P Affirms Liberty Mutual Group Ratings
Nov 16 2004 // Standard & Poor’s Ratings Services has affirmed its ‘A’ counterparty credit and financial strength ratings on Liberty Mutual Insurance Co. and related entities (see ratings list). At the same time,...
Safeco Now™ Expands to Include Commercial Multi-Peril
Nov 16 2004 // Seattle-based Safeco announced it is again expanding the product breadth available on its single-platform online sales center Safeco Now™. In a breakthrough move for small-business insurance sales, the company has...
Fitch Affirms Safeco P/C Group Ratings; Outlook Stable
Nov 4 2004 // Fitch Ratings has affirmed the ‘AA-‘ insurer financial strength rating on the Safeco property/casualty group (Safeco P/C). In addition, Fitch has affirmed ‘A-‘ long-term and senior debt ratings on...
Hendry Named Senior VP of Service at Safeco
Oct 26 2004 // Safeco has appointed insurance veteran Myron Hendry as its new senior vice president of Service. Hendry joins Safeco following 32 years at CNA where he moved through the organization with increasing levels of...
State, Federal Regs Concern Outgoing Big ‘I’ President
Oct 25 2004 // During my term we have made numerous advances, I couldn’t have done any of them without the help of the Executive Committee and dedicated committee members,” said Louise “BeBe” Canter, president of...
SAFECO ESTIMATES 3Q CATASTROPHE LOSSES:
Oct 25 2004 // Seattle-based Safeco announced that its aggregate pretax catastrophe losses for the third quarter are estimated at $195 million. The estimated effect on third-quarter net income is $127 million after tax, or $0.96 per...
