AI Prospecting for Liberty Mutual Insurance Group

Liberty Mutual Insurance has elected Timothy M. Sweeney as the new chairman, replacing David H. Long who is retiring. The company has also enhanced its 2025 Property Catastrophe Reinsurance Program with a $2.8 billion occurrence limit and an additional $500 million aggregate program. Furthermore, Liberty Mutual will retire the Safeco Insurance brand in 2026, consolidating all personal lines products under the Liberty Mutual brand. The company has also paid a $300,000 penalty for misleading consumers in Delaware regarding insurance discounts[1][3][4].

Liberty Mutual has paid a $300,000 penalty to the Delaware Department of Insurance for misleading consumers about potential premium discounts on automobile and homeowners' insurance, with an additional $200,000 penalty possible if the issue is not immediately remedied[2].

Liberty Mutual Insurance has agreed to sell its Thailand and Vietnam operations to Chubb, with the transaction expected to be completed by the second quarter of 2025 for Thailand and late 2025 or early 2026 for Vietnam, subject to regulatory approvals[3].