Liberty Mutual Reports 46% Hike in Q3 Net Income Despite Catastrophe Losses November 6, 2020 Liberty Mutual Holding Co. Inc. has reported a 46% increase in net income during the third quarter, despite elevated catastrophe...
Marine Insurance Losses Likely to Be Under $250M from Beirut Port Blast: Carpenter August 11, 2020 Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port...
Liberty Mutual Reports Q2 Loss on COVID-19 Event Cancellations, Storms, Downturn August 6, 2020 Liberty Mutual Holding Co. reported a net loss of $320 million for the second quarter versus net income of $397...
Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline July 23, 2020 Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for...
Liberty Mutual Loses Bid to Charge Employer for Claims Paid from Exempt Workers July 22, 2020 By Jim Sams A workers’ compensation insurer cannot charge an employer an extra $1.7 million in premiums for the risk presented by employees...
Sustainable Recovery Plan Pitching Pandemic as Opportunity to Grow Greener June 18, 2020 By Don Jergler Economic growth can be boosted, jobs can be saved or even created and greenhouse gas emissions can be cut if...
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings May 13, 2020 By Carolyn Cohn, Simon Jessop and Noor Zainab Hussain Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian...
Liberty Mutual Estimates Q1 Loss from Coronavirus to Be Like Moderate Catastrophe April 28, 2020 Global insurer Liberty Mutual said the COVID-19 pandemic is likely to have the most impact on its first quarter investment...
Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations April 9, 2020 By Andrew G. Simpson More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place...
AmTrust to Transfer Republic Personal Lines Business to Liberty Mutual March 6, 2020 AmTrust Financial Services said it will transfer to Liberty Mutual renewal rights in six states for its Republic personal lines...