Safeco Insurance and Columbia Insurance Group have entered a strategic agreement that will transfer Columbia’s personal auto and umbrella insurance lines to Safeco, expanding both companies’ focus on their core markets.
Tag: Liberty Mutual
Appeals Court Overturns Liberty Mutual Win in Cyber Suit With Southwest Airlines
The 5th Circuit Court of Appeals has revived a complaint by Southwest Airlines over claims denied by Liberty Insurance Underwriters associated with a massive computer failure that disrupted travel for nearly a half-million people.
Liberty Mutual Insurance Launches New Management Liability Package
Liberty Mutual announced the launch of ProShield, a packaged solution providing private companies and non-profits streamlined access to Directors & Officers, Employment Practices Liability, Fiduciary and Crime coverages, and the appointment of Brent Tan as Senior Director, Financial Lines Underwriting.
IICF to Recognize Liberty Mutual with “Double I” Award at 17th Annual Northeast Benefit
The Insurance Industry Charitable Foundation (IICF) will host its 17th Annual Northeast Benefit, a charitable gala and dinner supporting nonprofits across New York, New Jersey and Connecticut on Nov. 28 at 6:00 p.m. at Cipriani 42nd Street in New York City.
Liberty Mutual Agrees to Pay Over $7M to Minnesota Policyholders
Liberty Mutual has agreed to pay approximately $7.7 million to 86,506 policyholders for auto and homeowner insurance policies as a result of an investigation by the Department of Commerce.
Liberty Mutual Global Reorganization Eliminates Hundreds of U.S. Jobs
Liberty Mutual Insurance Co. will cut about 370 U.S. positions in a reorganization of its personal lines and small commercial insurance business that follows the recent sale of units in Europe and Latin America.
Liberty Mutual Insurance Announces Key Organizational Changes and Executive Leadership Appointments
Liberty Mutual Insurance President and Chief Executive Officer Tim Sweeney announced key organizational changes and executive leadership appointments aimed at enhancing focus on long-term strategic markets, while better leveraging scale advantages to drive improved profitability and faster innovation.
Liberty Mutual, Auto-Owners Lead Commercial Auto Premium Growth in Q1
U.S. commercial auto insurance premiums increased year over year in the first quarter of 2023, with Liberty Mutual Holding Co. Inc. and Auto-Owners Insurance Co. Inc. posting the biggest growth, according to an S&P Global Market Intelligence analysis.
Liberty Mutual Announces Creation of Global Cyber Office
Dedicated Global Risk Solutions team helps companies and brokers across the world better manage complex and emerging cyber risks.
Liberty Mutual Reportedly Considers $1B Latin America Sale
Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the U.S. insurer’s divestment plans from non-core markets, according to people with knowledge of the matter.