Liberty Mutual News

Liberty Mutual Offers Alternative Resolution Program For Disputed Sandy Claims

An innovative option to resolve complex Sandy claims is being offered to personal and commercial Liberty Mutual insurance customers: independent mediation or arbitration. The property and casualty insurer announced that it has teamed with Kenneth R. Feinberg of Feinberg Rozen …

West Virginia Judge Halts Insurer’s Use of Used Parts to Fix New Cars

A Kanawha County judge has granted Attorney General Darrell McGraw’s request for a permanent injunction against an insurance company and a St. Albans body shop owner accused of illegally installing junkyard parts on new vehicles. The judge on Friday ruled …

Boston-Based Liberty Mutual Ups Charitable Giving

Insurer Liberty Mutual Group Inc., already one of the largest supporters of nonprofits and community groups in the Boston area, has announced it will significantly increase its charitable giving in Massachusetts this year. The only Fortune 100 company based in …

Liberty Mutual Announces Realignment; Names 4 Unit Executives

Boston-headquartered insurance giant Liberty Mutual said it is realigning its strategic business units. The company — which reported $139 million profit for its 2012 second-quarter earlier Wednesday — also named executives that will lead each of its four new strategic …

Injunction Issued in West Virginia Junkyard Parts Lawsuit

An insurance company and a St. Albans body shop owner are temporarily barred from using junkyard parts to repair vehicles. The Charleston Gazette reports that a Kanawha County judge has issued a temporary injunction in the West Virginia case against …

Liberty Mutual Insurance Group Acquires Russian Insurance Company

Liberty Mutual Insurance Group entered Russia’s $21 billion property and casualty insurance market with the acquisition of Russian insurance company KIT Finance Insurance, the ultimate owners of which are JSC “Russian Railways” and NPF “Blagosostoyanie” (the pension fund company of …

Liberty Mutual ‘Disappointed’ in AIG $450M Workers’ Comp Settlement

Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers’ compensation class-action settlement between AIG and its rival companies. The class action alleged that American International Group (AIG) and its …

Study: Driving Under the Influence of Marijuana a Greater Threat to Teens Than Alcohol

Marijuana use is on the rise among teens and is currently at its highest level among eighth- to-12th-graders in 30 years. Perhaps equally disturbing is that one-in-five (19 percent) teen drivers reports that they have driven under the influence of …

Report: Liberty Mutual Failed in Bid to Buy Harleysville

It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last September to buy Harleysville but was …

Study Reveals More Teens Drink and Drive on New Year’s Eve Than Any Other Holiday

While New Year’s Eve may conjure images of a celebratory toast, it’s also traditionally one of the worst days of the year for alcohol-related car crashes and deaths for young drivers. New data from a 2011 teen driving study by …