Liberty Hikes Asbestos Reserves $331 Million

By Susanne Sclafane

NU Online News Service, Oct. 20, 12:09 p.m. EDT?Liberty Mutual announced a $331 million pre-tax increase in its reserves for asbestos on Friday, a move that didn't bother rating agencies and did little to disturb an improving earnings picture for the Boston-based insurer.

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