Liberty Mutual Group to Acquire Safeco Corporation For $68.25 Cash Per Share
Liberty Mutual Group Will Become Fifth Largest U.S. Property and Casualty Insurer Based on Combined 2007 Direct Written Premium of $26.2 Billion
Liberty Mutual Group (“Liberty Mutual”) and Safeco Corporation (“Safeco”) (NYSE: SAF) today announced that they have entered into a definitive agreement pursuant to which Liberty Mutual will acquire... Full Story

Federal Court Approves Nationwide Furnace Settlement With Carrier Corporation Involving High-Efficiency Carrier, Bryant, Day & Night and PayneFurnaces
Class counsel announced that United States District Court Judge Ronald B. Leighton today granted final approval to a nationwide settlement in a class action lawsuit filed by current and past owners of high-efficiency furnaces manufactured... Full Story

Majority of October Fire Insurance Claims Resolved
IINC Survey Finds Nearly 90% of Disaster Claims Settled
A new survey of insurance companies estimates that nearly 90 percent of claims stemming from the devastating October fire and wind storms have been settled. Full Story

Workers’ Compensation Costs Per Claim in North Carolina Continued to Rise Rapidly, Says New WCRI Study
Overall Costs Per Claim Fairly Close to Median of 14 Study States
Workers’ compensation costs per claim in North Carolina grew 6-14 percent annually throughout the study period, according to the Workers Compensation Research Institute (WCRI). Full Story