In the United States, Liberty Mutual is still an investment company in which policyholders who have insurance contracts are considered shareholders of. Liberty Mutual settled the lawsuit in December 2001, which required additional disclosure and limited some compensation to company officers and directors. These products carry the Liberty Mutual Insurance and Sfeco brands, and are distributed through a network of more than 2,300 sales professionals. Liberty Mutual Group owns, in whole or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, Ecuador, India, Ireland, Malaysia, Poland, Portugal, Singapore, Spain, Thailand, Turkey, the United Kingdom, Venezuela and Vietnam.
Liberty Mutual is owned by Liberty Mutual policyholders, since it is an insurance mutual insurance company and its shares are not available to investors in the public market. With the completion of the acquisition, Liberty Mutual also confirmed the appointment of Kim Garland as president of State Auto. Even so, it's worth noting that full coverage isn't the official name of any type of insurance, so be sure to clarify if collision and all-risk insurance are included if you purchase a Liberty Mutual policy. The institute's findings are the basis for the safety programs, recommendations and software used by Liberty Mutual loss control consultants to help policyholders improve worker safety.
Founded in 1954, the Liberty Mutual Research Institute for Safety studied the occupational safety and health of workers. Taking advantage of the greater flexibility of the structure of mutual holding companies, Liberty Mutual went from being a single-line and highly regional insurer to one of the world's leading property and accident insurance companies. However, the Liberty Mutual Group brand usually operates as an independent entity outside the United States, where a subsidiary is often created in countries where the benefits of legally recognized mutual companies cannot be enjoyed. Liberty Mutual was formed in 1912 as the Massachusetts Employee Insurance Association (MEIA), following the passage of a 1911 Massachusetts law requiring employers to protect their employees with workers' compensation insurance.
In 2002, the company adopted its current structure of mutual companies, which would allow it to offer shares while remaining an investment company. Under the terms of the agreement, the members of State Automobile Mutual Insurance Company became mutual shareholders of Liberty Mutual Holding Company and Liberty Mutual acquired all of the publicly traded common shares of State Auto Financial Corp. Yes, Liberty Mutual insurance rates are competitive for certain drivers, including teens and college students. A Liberty Mutual full-coverage policy generally refers to auto insurance that includes the state's minimum requirements, along with collision and comprehensive insurance, that protects the policyholder's vehicle.
Liberty Mutual car insurance rates are based on your driving record and experience, along with factors such as the type of car you drive, your zip code, your insurance history, and more.