Tag: Liberty Mutual

Safeco, Liberty Mutual, and the Lawsuit Challenging Insurer Accountability

Angela Linders
Safeco and Liberty Mutual Hail Damage Lawsuit

Safeco and Liberty Mutual Hail Damage Lawsuit Highlights Industry Challenges Hailstorms might last minutes, but their implications can drag on for years, especially when insurance claims come under scrutiny. A high-profile lawsuit in Oklahoma has brought Safeco and Liberty Mutual into the spotlight, raising questions about both policyholders’ rights and insurers’ responsibilities. While allegations of bad faith claims and branding confusion have fueled the debate, it’s worth examining the perspectives of all parties involved to uncover the complexities of this case. The Lawsuit Breakdown Ralph and Myrna Lightfoot of Oklahoma…

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The Liberty Mutual Case That’s Changing How We View Contractor Insurance

Nordstrom
The Liberty Mutual Case

Federal Appeals Court Ruling Highlights Risks in Construction Insurance Policies A recent federal appeals court decision has sparked significant discussion in the construction industry. The ruling, favoring Liberty Mutual’s surplus lines carrier, focuses on a contractor-controlled insurance program (CCIP) policy involving Kaufman Lynn Construction. While it’s seen as a legal victory for Liberty Mutual, the case also underscores deeper issues with insurance policies that contractors often face. The Conflict Over the Fine Print At the heart of this case is the “course of construction exclusion” (COCE) in Kaufman Lynn Construction’s…

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Liberty Mutual to Refund Louisiana Homeowners Over Assessment Overcharges

H. Cutner
Liberty Mutual refund

Why Louisiana Homeowners Deserve Answers If you’re one of the 138,000 Louisiana residents insured by Liberty Mutual, you may soon see a small refund coming your way. For four years, the insurance giant overcharged policyholders for the Louisiana Citizens Property Insurance Corp. assessment. This surcharge is intended to help homeowners who cannot find coverage on the private insurance market due to natural disaster risks, but errors in Liberty Mutual’s calculations left many consumers paying more than they should have. The overcharges, which total about $4 million, might not break the…

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Liberty Mutual’s Big Move: Why Safeco Insurance Is Retiring After 100 Years

H. Cutner
Liberty Mutual

Safeco Insurance to Retire Brand Name by 2026, Liberty Mutual Consolidates Personal Lines Under Its Banner The insurance industry is undergoing another round of transformation, with Liberty Mutual Insurance announcing plans to retire the Safeco Insurance brand name in 2026. Safeco, a name synonymous with the independent agent channel for home, auto, and specialty insurance, will no longer serve as a standalone identity. All of Liberty Mutual’s personal lines products will instead operate exclusively under the Liberty Mutual name. Safeco’s Legacy of Strength and Partnership Since its founding in 1923…

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Montana Insurance Department Challenges Liberty Mutual on Repair Cost Denial

H. Cutner
Repair Cost Denial

Overview of the Dispute In a significant move reported by RepairerDrivenNews.com, the Montana Insurance Department has called out Liberty Mutual for its handling of a consumer complaint regarding repair cost denial. Deputy Insurance Commissioner Frank G. Cote challenged Liberty Mutual’s settlement process, specifically their refusal to cover certain repair costs without sufficient evidence. Details of the Case The dispute originated when Liberty Mutual denied payment for blending services performed by a repair facility, asserting that the 50% blend time was “successful” and “well-established.” This response was deemed unsatisfactory by the…

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Car Insurance Costs Explode in 2024 with an Overall Jaw-Dropping 26% Hike

H. Cutner
rising car insurance costs

Car Insurance Premiums Surge in 2024 Car insurance premiums skyrocketed by an average of 26% in 2024, pushing the national average cost for full coverage to a staggering $2,543 per year. This marks a significant rise from $2,014 in 2023 and $1,771 in 2022. Several factors contribute to this surge: The Bureau of Labor Statistics notes that while overall annual inflation was 3.2%, car insurance rates spiked 20.6%. States differ in rate increases, with New Jersey and Missouri seeing hikes of 45.69% and 44.16%, respectively. Florida and California remain among…

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