Liberty Mutual News

Insurer Can’t Deny Coverage Despite Misinformation on Policy Application

An insurer that extended its workers’ compensation coverage for 90 days after discovering the employer had violated the terms of its policy could not then deny coverage for a claim on the grounds that those terms had been violated, the …

Two Insurers to Help Cover Some Crumbling Foundation Costs

Two insurance companies have agreed to provide a total of $10.5 million to help Connecticut homeowners cover the cost of repairing and replacing crumbling foundations, officials said Tuesday. The state has reached separate agreements with The Hartford and Liberty Mutual …

Business News: Liberty Mutual, AIG, Consolidated Claims Group

Liberty Mutual Eliminating Over 600 roles in New Hampshire Liberty Mutual has announced it is cutting about 620 positions in New Hampshire. Foster’s Daily Democrat reports the insurance company announced the decision earlier this week. Liberty Mutual says many workers …

Pro-No Fault Group Says Auto Insurers Illegally Charge Women More in Michigan

A group defending Michigan’s auto insurance system says it has uncovered instances of insurers illegally selling more expensive policies to women and widowed drivers, raising questions about state oversight of rating practices as the industry pushes lawmakers to contain high …

Study: Teens Entering Senior Year Become Riskier Drivers

As teens get ready to head back to school this fall, a new study conducted by Liberty Mutual Insurance and SADD (Students Against Destructive Decisions) finds that older teen drivers are overconfident and perceive themselves as safer drivers despite experiencing …

Liberty Mutual Set to Buy Fosun’s Ironshore for $3B

Liberty Mutual Holding Co., the fourth-largest property/casualty insurer in the U.S., agreed to buy Ironshore Inc. from Fosun International Ltd. for about $3 billion to expand in the specialty commercial market. Ironshore will retain its management and brand after the …

Study: 1 in 3 Teens Admit to Driving While Drowsy

Teens’ lives are increasingly hectic from extracurricular activities, homework, work and other activities, all of which are likely to leave teens sleep deprived. As daylight grows shorter and mornings are darker, new research conducted by Liberty Mutual Insurance and SADD …

Business News: Liberty Mutual, Lemonade, FM Global, QBE

Liberty Mutual Insurance Introduces 2 New Excess Casualty Offerings Liberty Mutual Insurance launched two new excess casualty products: the Utility Follow Form Excess for the power and utility sectors, and the Integrated Occurrence Form for the large corporate sector. Both …

Apps Pose New Danger to Teens While Driving

The dangers of texting while driving among teens has been highlighted over the past several years—and while this message is still vitally important, texting is not the only danger popping up on their smartphones. According to new research conducted by …

Liberty Mutual Research Reveals Need to Actively Prevent Falls at Work

Working age adults account for more than two-thirds of the estimated 9.9 million annual fall-related injuries impacting U.S. adults according to Liberty Mutual’s latest research, highlighting the importance of companies actively protecting employees and the public from falls. Liberty Mutual …