S&P Global says the company remains largest auto insurer in the U.S. State Farm Mutual Automobile Insurance Co. remained the largest personal auto insurer in the US during the second quarter amid a record quarter for the sector, according to an S&P Global Market Intelligence analysis. The insurer’s direct premiums written surged nearly 24% — […]
Pennsylvania Collision Repair Facility Owner Charged with Submitting $426,000 in Inflated Insurance Claims
The Bucks County District Attorney office has charged the owner of the Chalfont Collision Center, located in Chalfont, Pa., who is alleged to have submitted nearly 300 false insurance claims over several years to four insurance companies, pocketing more than $426,000 in payouts. John Paul Reis, 56, of Newtown Township, turned himself in yesterday on […]
Liberty Mutual Insurance Joins MIT-led Global Climate Change Alliance
Liberty Mutual Insurance announced its membership to the MIT Climate and Sustainability Consortium (MCSC), supporting the acceleration and implementation of large-scale, real-world solutions to address climate change. Liberty Mutual joins 17 other member companies in the Consortium’s efforts to inspire transformative climate progress across industries and the globe. “We believe collaboration is a critical component […]
Timothy Sweeney Appointed CEO at Liberty Mutual Insurance Starting in 2023
Current Chairman and Chief Executive Officer David H. Long announces retirement at end of 2022. Liberty Mutual Insurance announced that Chairman and Chief Executive Officer David H. Long will retire at the end of 2022 and serve as the company’s Executive Chairman of the Board of Directors. The organization’s Board of Directors appointed Timothy M. […]
Liberty Mutual Completes State Auto Acquisition
Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents. More than 2,000 State Auto employees will join Liberty Mutual’s Global Retail Markets US business unit. Through […]
Kim Garland to Lead State Auto After Close of Liberty Mutual Acquisition
State Auto Financial Corporation (NASDAQ:STFC) announced the intention of Liberty Mutual Insurance to appoint Kim Garland, currently senior vice president of personal & commercial lines and managing director of State Auto Labs, as president of State Auto following the completion of Liberty Mutual’s pending acquisition. The deal is expected to close in 2022, pending receipt […]
Liberty Mutual Insurance Seeks to Acquire Malaysian Insurer AmGeneral
Planned acquisition expected to make Liberty Mutual the largest auto insurer in Malaysia. Liberty Mutual Insurance will be applying for regulatory approval to acquire Malaysian insurer AmGeneral Insurance Berhad. AmGeneral is currently 51%-owned by AmBank Group and 49%-owned by Insurance Australia Group (IAG). The acquisition is Liberty’s second this month in the auto insurance space. On […]
Liberty Mutual to Acquire State Auto Group
Addition of super-regional insurer is anticipated to make Liberty 2nd-largest independent agency carrier in U.S. Liberty Mutual Holding Company Inc., State Automobile Mutual Insurance Company and State Auto Financial Corporation (NASDAQ: STFC) announced today that they have signed a definitive agreement for Liberty Mutual to acquire State Auto Group, a super-regional insurance holding company headquartered […]
Liberty Mutual Offers Auto Insurance Customers Real-Time Hailstorm Alerts
Liberty Mutual Insurance announced a service to help keep customers and their vehicles safe when a hailstorm is coming. Using Accuweather forecast data and SMS text capabilities, the nation’s sixth-largest auto insurer alerts customers that damaging hail in their area is expected and encourages moving vehicles to a protected location. Liberty Mutual auto customers in […]
TuSimple and Liberty Mutual Insurance Partner to Study the Safety Benefits of Autonomous Trucks
TuSimple (NASDAQ:TSP), a global self-driving technology company based in San Diego, California, and Liberty Mutual Insurance, the sixth largest global property and casualty insurer, announced a partnership to assess the comparative safety of autonomous trucks. TuSimple and Liberty Mutual will work together to better understand how autonomous technologies perform in comparison to the same types […]