Financial Services Industry
Industry: Email Alert RSS FeedControversy erupts over Liberty Mutual's WC plan. (workers' compensation)
National Underwriter Property & Casualty-Risk & Benefits Management, December, 1991 by Calise, Angela K.
Controversy Erupts Over Liberty Mutual's WC Plan A controversy has erupted over a Dec. 2 National Underwriter article outlining Liberty Mutual's alleged workers' compensation strategy calling for a drastic reduction in underwriting next year. Industry insiders have expressed concern and even anger over the news, but no one seemed surprised by Liberty's alleged plans to stop writing new business in 17 states, and scale back significantly in many others, as of Jan.
1, 1992. Response from Liberty Mutual, the nation's leading workers' compensation carrier, has ranged from partial denials to ambiguous statements regarding its plans for the coming year. A document allegedly outlining Liberty's strategy obtained by the National Underwriter is not a "finalized"...
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