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 […]
Collision Repair Education Foundation Announces Six New Board Members
The Collision Repair Education Foundation (CREF) announced the appointment of six new members to its Board of Trustees. The six Board of Trustees members who joined in 2020 include: Tom Brown, 3M Paul Folino, LKQ Corporation Brenda Hogen, PartsTrader Ken Hudson, Farmers Insurance Scott Kohl, Liberty Mutual Insurance Sandee Lindorfer, Allstate Insurance Company Tom Wolf, […]
Collision Repair Education Foundation Thanks Insurance Industry for Support of Critical Resources to Schools Impacted by COVID-19
The Collision Repair Education Foundation (CREF) publicly thanked the insurance industry for rallying behind it during a time when raising funds is extremely difficult. Six extremely generous insurance organizations have stepped in to offer their support, donating funds that can help CREF make good on its mission of connecting the next generation of collision repairers […]
GEICO and Liberty Mutual Joins List of Insurers Providing Credit for Auto Insurance Premiums in Wake of Pandemic Impact on Accidents
GEICO will provide $2.5 billion in credits to customers. Liberty Mutual refunding $250 million to Liberty and Safeco insureds. GEICO and Liberty Mutual separately announced that they would be providing relief to their auto insurance policyholders, joining Allstate and American Family that announced similar programs earlier this week. GEICO, the second largest private passenger auto […]
Donegal Mutual Exiting Personal Lines Business in Seven States
Donegal will exit personal lines business in Alabama, Maine, Nebraska, New Hampshire, North Carolina, South Carolina and South Dakota. Enters an agreement with Safeco to transition customers. Donegal Mutual Insurance Company announced that it, along with several of its affiliated insurance companies is exiting the personal lines business in the states of Alabama, Maine, Nebraska, […]
Liberty Mutual Acquires Mapfre’s Personal Lines Business in Indiana, Kentucky, and Tennessee
MAPFRE Insurance, that announced in December it will cease operating in five states to focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a unit of Liberty Mutual. MAPFRE has agreed to provide Safeco the opportunity to underwrite its personal lines policies […]
Liberty Mutual Insurance Reports Increasing Auto Premiums and Losses
Global private passenger auto net written premiums up 4.8 percent in 2016. Commercial auto up 8.8 percent. Liberty Mutual Holding Company Inc. (LHMC) and its subsidiaries reported net income of $143 million for the fourth quarter ended December 31, 2016 and $1.006 billion for the year. This represents a decrease of $268 million for the […]