California Insurance Commissioner Harry W. Low has confirmed won't run for the office in 2002.Low, who was appointed to his post in the wake of Chuck Quackenbush's resignation during an investigation into alleged wrongdoing, said in a statement, 'I will continue to devote my energies to rebuildin...Read More
Liberty Mutual Group, the nation's largest workers' compensation carrier, announced yesterday that it expects net after-tax loss for the company's U.S. and global operations will be in the range of $200 to $300 million from the September 11, 2001, terrorist attacks. The company is waiving any potent...Read More
Liberty Mutual Group and OneBeacon, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE ticker: WTM formerly CGU Insurance Companies Group) have reached an agreement in principle to enter into a partnership designed to transfer OneBeacon's property and casualty business and staf...Read More
A recent Liberty Mutual Insurance Co. survey reflects that 61 percent of executives say that $3 or more is saved for each $1 invested in workplace safety.
Ninety-five percent of business executives report that workplace safety has a positive impact on a company's financial performance, accordi...Read More
John Cusolito, spokesman for Liberty Mutual Insurance Co. said the company's executives
wouldn't receive additional compensation if the company's plans to convert to a mutual holding company are approved.
Cusolito's remarks were in response claims opponents of the conversion that the company's...Read More
Liberty Mutual Insurance Co. was permitted on Friday by Justice Ralph D. Gants of the Superior Court in Boston to proceed with mailing voter packets to shareholders containing the privately held insurer's plans to become a mutual holding company. A suit had been filed on June 28 by a group of Lib...Read More
It has been reported through AP that Labor Secretary Elaine Chao endured a host of criticism and angry comment from legislators at an ergonomics hearing Thursday because she could not lay out plans for new workplace safety rules.
A Senate subcommittee hearing had been called to explore new...Read More
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The WCAB, in a recent En Banc decision, has ruled that a Petition for Reconsideration, filed 6 months after an Award, is a bad-faith litigation tactic meant solely to harass or annoy, and thus is sanctionable under LC 5813 and Reg. 10561.
In ...Read More
A bill introduced in the Massachusetts Legislature may delay the proposed transformation of Liberty Mutual Insurance Co. into a mutual holding company. The conversion into a mutual holding company would allow Liberty Mutual to issue shares of common stock. Proponents of the pending bill fea...Read More