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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 INSURANCE/CLAIMS InsureMe Takes a Look at Pit Bulls and Homeowner’s Insurance According to InsureMe, 3.5 percent of homeowners nationwide possess either a Chow, Doberman, German Shepherd, Rottweiler or pit bull terrier. Full Story $600 Million Trust Fund Now Available for Smokers Frank Batsch was a smoker for more than 25 years. Although he quit nearly 40 years ago, he has been suffering for more than a decade from throat cancer that has nearly robbed him of his voice and his life. Full Story BestWeek: Signs Point to Greater Competition Between Auto Insurers in Mass. Average Massachusetts automobile premiums are among the highest in the United States, but on April 1, 2008, Insurance Commissioner Nonnie Burnes will transform the Commonwealth's private passenger automobile insurance industry by reversing... Full Story BestWeek: Louisiana Insurance Market Hinges on Two Supreme Court Cases Lady Justice might be blind but she had to have noticed the weight of billions of dollars on her scales in Louisiana, where the fate of the insurance industry is riding on two key state Supreme Court cases. Full Story   LEGAL/JUDGEMENTS Brustin and Lundblad Ltd. Announce Jury Verdict of $1.32 Million Dollars for Scaffolding Case Brustin and Lundblad Ltd., Chicago, announce late Friday night jury verdict of $1.32 million dollars for scaffolding case tried by... Full Story Merck Progress Report on Enrollment in Program to Resolve U.S. VIOXX® Product Liability Lawsuits Merck & Co., Inc. today said that more than 44,000 of the approximately 47,000 individuals who registered eligible injuries have submitted some or all of the materials required for enrollment that could qualify them for an interim payment in the... Full Story California Auto Defect Law Firm Bisnar Chase Files Suit against Nissan Motor Company In the lawsuit filed in the Superior Court of California, Los Angeles County, Nissan Motor Company is being sued for having knowingly designed and manufactured the 2000 Nissan Frontier with defective and unsafe seats and seat backs. Full Story   WEATHER/CATS Winter storms projected losses for National Security Group, Inc. Severe weather in late January and early February contributed to tornado outbreaks resulting in reported losses of over $1.1 million in insured losses incurred by Company subsidiaries National Security Fire and Casualty Company and Omega One Insuranc Full Story EQECAT Commentary On California Wildfires Southern California is currently ablaze with at least 16 significant wildland fires, and tens of thousands of households evacuated. EQECAT estimates that insured losses to date have exceeded $1 Billion, with the expectation that the losses will... Full Story Eqecat Issues Release 3.10, The Next Generation Atlantic Basin Hurricane Model EQECAT,Inc., a subsidiary of ABSG Consulting Inc., and the leading authority on extreme-risk modeling, announced today the availability of Release 3.10 of EQECAT catastrophe management software, which includes its next generation model for... Full Story Hurricane Humberto Bears Down on Louisiana and Texas ...Hurricane Humberto entering southwestern Louisiana... A hurricane warning remains in effect from east of High Island Texas to Cameron Louisiana. A tropical storm warning remains in effect from east of Cameron to Intracoastal City Couisiana Full Story

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