Agreement includes seven lines of business, including auto, in 22 states. Safeco Insurance, a Liberty Mutual company, has entered into a book transfer agreement with Main Street America Insurance, a well-established property and casualty carrier currently offering commercial and farm and ranch products as well as fidelity and surety bonds nationwide. In 2018, Main Street […]
Safeco Insurance Announces Agreement to Transfer Columbia Insurance Group Personal Lines Business
Safeco Insurance, a Liberty Mutual company and a leading provider of personal lines insurance solutions, has entered into a book transfer agreement with Columbia Insurance Group (Columbia), a Central and Midwest regional carrier. Under the agreement, Columbia will transfer its entire personal lines auto and umbrella lines business in eight states to Safeco, effective for […]
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 to Acquire Safeco Corporation
Liberty Mutual Group and Safeco Corporation announced that they have entered into a definitive agreement where Liberty Mutual will acquire all outstanding shares of Safeco for $68.25 per common share in cash. The proposed transaction, which is valued at approximately $6.2 billion, has been approved by the Boards of Directors of both companies. It is […]