Liberty Mutual News

Builders Say Exclusions Make Contractor Coverage Elusive. Appeals Court Disagrees

A federal appeals court decision handed down last week is a victory for a Liberty Mutual surplus carrier, but it highlights what one attorney said is a widespread problem in the construction industry: an alleged “bait and switch” by insurers …

Liberty Mutual Owes $4M Refund After Overcharging Louisiana Citizens Assessments

Liberty Mutual owes approximately $4 million to about 138,000 Louisiana policyholders after overcharging the Louisiana Property Insurance Corporation Emergency Assessment for the past four years, Insurance Commissioner Tim Temple said. Temple said the Louisiana Department of Insurance received a consumer …

Safeco to Stop Writing New Condo and Renter Policies in California

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

Nationwide Plans 5% Reduction in Employee Headcount

Insurer Nationwide said it is reducing its headcount by about 5% over the next year. “We can’t speculate on the total number of job impacts,” said Nationwide in a statement. “Eligible associates are able to apply for any of the …

Insurance Firms Deny Chevron’s $57 Million Claim for Iran Oil Seizure

Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Iranian …

Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty

The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure. An appeals court panel disagreed with …

Proposed Class Action Alleges Liberty Mutual Website Violates Pa. Law

Liberty Mutual Insurance is the target of a proposed class action alleging that the company uses spyware on its website that violates Pennsylvania’s electronic surveillance law. The suit claims the company uses “session replay” spyware, namely Clicktale and Datadog, to …

Freight Broker Sues Liberty Mutual for ‘Excessive’ Work Comp Premiums

An Illinois freight broker has filed a lawsuit accusing Liberty Mutual of overcharging it by demanding payment of workers’ compensation premiums for independent contractors who are ineligible for benefits. Virnich Corp., which does business in West Chicago, says in a …

Appellate Court: No Evidence of Fraud by Pharmacies that Dispensed Pain Creams

A Pennsylvania appellate court on Monday affirmed the dismissal of a lawsuit filed by Liberty Mutual Group that alleged nine pharmacies paid kickbacks to physicians in exchange for prescribing overpriced topical compound creams to workers’ compensation claimants and auto accident …

Jury Awards $42 Million to Rapid City Woman Injured at Work

RAPID CITY, S.D. (AP) — A Pennington County jury has awarded $42 million to a Rapid City woman after she was denied medical benefits from her previous employer and the employer’s insurance company. United Parcel Service and Liberty Mutual were …