The rumors are true! Despite the A- rating, the company has a stable outlook, which is more than I can say for various other companies…..besides, the WA Ins Commissioner wouldn’t give the deal a thumbs up if he didn’t look into this merger closely. Being a strong advocate for the consumer such as he is, he has a tendancy to be overly cautious on these things. Good or bad, it’s a done deal!
I could be wrong, but I don’t believe ANY of the Liberty Mutual direct business is changing any names. I believe what is happening is changes to the Independent channel, aka Agency Markets.
Those marketets, such as America First, will be changing to Safeco for Personal Lines. The Safeco commercial lines will be changing to the Regional Commmercial carrier name.
Right?
So, I would not be concerned with Liberty’s advertising return. There will always be Liberty Mutual policies on the street.
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cooking the books?
that’s exactly why I switched to GEICO!!!
Hmmm. Could those rumors about Liberty paying agents and extra 5% override through the end of the year be true? Nahhh.
next year when the rates harden for everyone we agents will get a raise
After Safeco bought Am. States it was downgraded to A-. Took them about 3-4 years to get back to A rating. I would look for the same here.
Ok if Liberty is moving P/L to Safeco paper what about the MILLIONS spent on the Ad campaing ie Responsibility (which one awards).
Another thought: How is Liberty Mutual vrs Safeco regarding credit scoring….It might be good news or lousy news when renewal time comes….
Wait and see…..
I think S&P are onto something here..
Liberty is absolutley giving away their business here in the northeast. Cutting prices to the bone!!!!
The rumors are true! Despite the A- rating, the company has a stable outlook, which is more than I can say for various other companies…..besides, the WA Ins Commissioner wouldn’t give the deal a thumbs up if he didn’t look into this merger closely. Being a strong advocate for the consumer such as he is, he has a tendancy to be overly cautious on these things. Good or bad, it’s a done deal!
Dear DC – don’t be so rash to jump to Geico.
I was with the gekko for a year and went from $3,600 to $2,800 AND got another 10% off of both HO policies because I bundled them together.
And that was after esurance made me laugh with a $4,400 quote for the auto.
All in all, LM came through well on a really clean loss record. Anything is possible!
And, what do you mean “unregulated”??? Are you for real? There aren’t too many things that are more regulated than insurance.
Now, I’ll go with you on the interweaving, and very high importance of a healthy insurance market. We are the grease that keeps our economy in motion.
Hmmm…
I could be wrong, but I don’t believe ANY of the Liberty Mutual direct business is changing any names. I believe what is happening is changes to the Independent channel, aka Agency Markets.
Those marketets, such as America First, will be changing to Safeco for Personal Lines. The Safeco commercial lines will be changing to the Regional Commmercial carrier name.
Right?
So, I would not be concerned with Liberty’s advertising return. There will always be Liberty Mutual policies on the street.