Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Liberty Mutual May Take the Highway
Jun 18 2001 // One of New Jersey’s top five auto insurers is considering its options as a result of an announcement last week by State Farm Indemnity Co. which indicated it was withdrawing from selling auto insurance in the Garden...
Mutual Holding Company: A Shell Game Without the Pea
Apr 30 2001 // I visited Liberty Mutual’s website recently and read information about the company’s plans to form a mutual holding company. It sounds like a great deal for policyholders: a more efficiently organized,...
Mutual Holding Company: A Shell Game
Apr 23 2001 // I visited Liberty Mutual’s website recently and read information about the company’s plans to form a mutual holding company. It sounds like a great deal for policyholders: a more efficiently organized,flexible,...
Lebo Named Interim Head of Safeco Personal Insurance
Mar 21 2001 // SAFECO has appointed Bill Lebo as interim chief operating officer for SAFECO Personal Insurance, the company’s largest insurance segment. Lebo, 55, will continue to serve as executive vice president for...
Safeco Considers New Distribution Channels In Rebound Efforts
Mar 19 2001 // Circumventing independent agents. Undermining agents’ sales. These are phrases that don’t set well with Safeco CEO Mike McGavick. And it’s no wonder. Appointed as the man to turn the struggling...
Safeco to Sell Credit Company in Effort to Strengthen Balance Sheet
Mar 15 2001 // Safeco is looking for a buyer for its commercial credit and leasing subsidiary, a move that could reduce the amount of debt on SAFECO’s consolidated balance sheet by nearly half. “Our credit company has been...
Liberty Mutual Buys Venezuelan Firm
Mar 9 2001 // Seguros Caracas, the Venezuelan unit of U.S. insurance firm Liberty Mutual, has purchased local rival Seguros Panamerican for $56 million Thursday, creating the largest insurance company in the country. Seguros Caracas...
Safeco Eyes Direct Sales Plans
Mar 8 2001 // Safeco Corp. is looking at alternative ways to market and sell policies as part of a plan to help turn around the struggling Seattle insurer. The Seattle Post-Intelligencer reported Wednesday that Safeco could move into...
Liberty Mutual Assists in Probe of Car Theft Ring
Mar 6 2001 // Liberty Mutual Insurance Co. lent its cooperation in an investigation, conducted by the Westchester district attorney’s office, the Westchester County Dept. of Public Safety, the New York State Police and the New...
Safeco Select Forms New Optional Products Program
Jan 30 2001 // Safeco Select Insurance Services, a member of the Safeco Corp., announced that it has formed a new Optional Products Program to be marketed to financial institutions seeking new opportunities for fee income. Through...
Boston Panel Sets Public Hearing on Liberty Mutual’s Plan to Change Structure
Jan 25 2001 // Liberty Mutual Insurance Co.’s plan to demutualize came under political fire Wednesday, marking the second time politicians have taken issue with the restructuring plan. The Boston City Council voted Wednesday to...
Liberty Mutual To Acquire Hartford’s Spanish Subsidiary
Jan 23 2001 // Liberty Mutual announced that its Liberty International unit would purchase Hartford Seguros, The Hartford Financial Services Group’s Spanish subsidiary, for an undisclosed amount. The company, which will be renamed...
Safeco to Announce Fourth Quarter Loss
Jan 12 2001 // Safeco Corp. expects to report an operating loss of 5 cents to 10 cents per share for the fourth quarter, falling well short of analysts’ predictions of a profit of 19 cents per share. The Seattle company’s...
Welcome to our First Ever
Jan 8 2001 // The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms...
Safeco Names Reed Temporary CEO
Dec 22 2000 // Safeco Corp. has named William G. Reed Jr., a member of the insurance and investment company’s board of directors, as chairman and chief executive until a permanent replacement is found. Reed, 61, will take the job...
Liberty Mutual Sells Subsidiary to Mexican Group
Dec 6 2000 // Mexico’s Grupo Financiero Inbursa announced that it had purchased Liberty Mexico Seguros from Liberty Mutual, its parent company, for $11.5 million. Inbursa operates Seguros Inbursa, and plans to merge...
Liberty Mutual Suit Accuses New Jersey Chiropractor of Intricate Fraud Scheme
Nov 16 2000 // Liberty Mutual Insurance Co. served summons and complaints this week against Scott Greenberg, D.C., a New Jersey chiropractor whom the company claims defrauded personal injury protection benefits through an intricate...
Safeco Launches Initiatives, Reports Improved 3Q
Nov 13 2000 // After taking a small step backward last quarter with disappointing results, Seattle-based Safeco reported better-than-expected earnings for the third quarter of 2000. According to Boh Dickey, president and chief operating...
Liberty Mutual Files Suit Against Psychological Group
Nov 2 2000 // Liberty Mutual Insurance Co. has served summons and complaints against New Jersey’s Spring Lake Psychological Group, and its owners Warren L. Goldberg and Carmela Gutierrez, for allegedly engaging in a fraudulent...
Safeco President Describes Industry Turmoil at Sacramento I Day
Oct 26 2000 // “There is turmoil in our industry right now,” Boh Dickey, president of Safeco Corp., told the approximately 700 attendees of Sacramento “I” Day last week. Dickey gave the keynote address at the...
