NU Online News Service, Nov. 7, 2:51 p.m. EDT
Liberty Mutual Group reported a third-quarter loss of more than $100 million on the combination of catastrophe losses and reserve increases related to asbestos liabilities.
The Boston-based company's third-quarter net loss of $111 million compares to net income of $567 million for the same period last year. Revenues rose 5 percent, or $380 million, to $8.8 billion.
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