Liberty Mutual Group said it is donating $3.1 million to Boston College Law School to establish a professorship designed to improve the understanding of the property-casualty industry within the legal community.
According to Boston College Law School, Liberty Mutual will pay out the gift over the next four years. It represents the largest gift in the law school's 79-year history, and it will be used "to hire a distinguished teacher and legal scholar with expertise in the field of property-casualty insurance," the school said.
John H. Garvey, Boston College Law School dean, said Liberty Mutual's pledge consists of $3 million to endow the Liberty Mutual Insurance Professorship, and $100,000 to endow The Liberty Mutual Prize, an annual monetary reward for the best article published in a law review on property-casualty insurance law, regulation or governance.
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