Latest Liberty Mutual Headlines

All the headlines from our Liberty Mutual Topic Page, ordered by recency.

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.

Profitable Performance by Safeco’s Auto and Group Lines Drives Q2 Results

Jul 28 2003 // Profitable performance of its Auto and Group stop-loss medical insurance lines drove Safeco’s second-quarter results as the company reported net income of $111.9 million, or $0.81 per diluted share. This compares...

New Calif. Law Firm Focuses on Workers’ Comp

Jul 25 2003 // McClellan & Corren, a new law office, has opened its doors this summer in San Francisco.Led by experienced attorneys Regina McClellan and Edye Corren, the firm represents insurers, third-party administrators, and...

Safeco Makes Commercial Auto Ins. Sales Faster, Easier

Jul 23 2003 // Safeco Business Insurance has expanded its online sales platform to make it faster and easier for agents to sell commercial auto insurance to small businesses.The platform, called ESP(TM), allows agents to quote, bind and...

Allstate, Liberty Mutual File $1M Lawsuit in Alleged Ky. Fraud Scam

Jun 26 2003 // Allstate Insurance Company and Liberty Mutual Group announced they jointly filed a federal RICO lawsuit against a Kentucky doctor and owners of several medical clinics and billing companies in that state.The defendants in...

Safeco Director Resigns

Jun 23 2003 // Seattle-based Safeco’s director Paul Skinner resigned from the company last week citing personal reasons, as stated in a filing with the Securities and Exchange Commission. According to the Dow Jones Newswire,...

SAFECO ESTIMATES STORM LOSSES:

Jun 23 2003 // Seattle-based Safeco announced that claims stemming from the recent string of Midwest and Southern tornadoes, added to losses from violent hailstorms in Texas earlier in the quarter, are estimated at nearly $90 million in...

Liberty Mutual Maintains ‘A’

Jun 23 2003 // A.M. Best Co. said the current financial strength and debt ratings of the Liberty Mutual Insurance Cos. remain unchanged following its announcement regarding the acquisition of Prudential Financial Inc.’s U.S....

Born to be Wild or Something Like It

Jun 23 2003 // Get your motor runnin’ Head out on the highway Lookin’ for adventure And whatever comes our way –Steppenwolf, 1968Easy Rider,” the 1969 filmic ode to the chopper life featuring Steppenwolf’s...

Born to be Wild or Something Like It

Jun 23 2003 // Get your motor runnin’ Head out on the highway Lookin’ for adventure And whatever comes our way –Steppenwolf, 1968Easy Rider,” the 1969 filmic ode to the chopper life featuring Steppenwolf’s...

S&P’s Cuts Liberty Mutual

Jun 9 2003 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Boston-based Liberty Mutual Insurance Co. and related entities to “A” from “A+” and removed them from...

S&P’s Cuts Liberty Mutual

Jun 9 2003 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Boston-based Liberty Mutual Insurance Co. and related entities to “A” from “A+” and removed them from...

A.M. Best Says Liberty Mutual Ratings Remain Unchanged

May 23 2003 // A.M. Best Co. said the current financial strength and debt ratings of the Liberty Mutual Insurance Companies (Liberty Mutual) (Boston) remain unchanged following its announcement regarding the acquisition of Prudential...