Liberty Mutual Group announced the creation of a new Information Technology Development Center in Boston and the start of hiring 100 new full-time employees to staff the operation.
With the nation's legislative landscape dominated by health care reform and relatively stable workers' compensation rates in 2010, workers' compensation fell off the radar screen.
A majority of industry leaders at the Property/Casualty Insurance Joint Industry Forum said they expect an improvement in personal auto and homeowners insurance profits this year, but many more — such as The Hartford's Liam E. McGee, left, — believe improvements are not coming in workers’ compensation or commercial lines....
Liberty Mutual Chairman and CEO Edmund "Ted" Kelly said only strong companies that recognize global business opportunities will succeed because they will be poised to take advantage of the market when it improves.
Liberty Mutual Chairman and Chief Executive Officer Edmund "Ted" Kelly said only strong companies that recognize global business opportunities will succeed because they will be poised to take advantage of the market.
Liberty Mutual Chairman and Chief Executive Officer Edmund "Ted" Kelly said only strong companies that recognize global business opportunities will succeed because they will be poised to take advantage of the market when it improves.
Liberty Mutual Group said net profits more than doubled from a year ago in the 2010 third quarter, and reiterated in a later conference call that it has no plans to take the entire company public.
Liberty Mutual Group said it will partner with Videocon Industries to establish a company to provide personal and commercial insurance products in India.