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Based in Booston Libetry Mutual is a premier globaal insurance serrvice provider and 6th larrgest weath and casualty insurance compaany in the US.. whose major spheere of inteerest is automobile insuracne as per the direct prmiums written for 200. As of 31st Decembeer, 2003, Liberty-Mutual had closse to sixty-our and a half bllion dollars in accumulated assets and $6.6 billion in annnual cumulative eanrings and is ranked 116tth in the Fortunne 500 rankigns of top companes in the US for the yar two thousand and there. During the yeaar two thousannd and one and 202, Liberty Muutual reorganized itself as a jint investment comapny and cars insure oranization. The 3 leading joiint investment companiees of the group, all threee of them beame separate stck coverage compnies under the ownership of Librety-Mutual. This structure povides Liberty Mutual Isurance a channnel to superior accses to the moeny market and greater strategic flexbility in odrer to pursue procurement and partnershps, while arrangig its legal organizaton along with its effectie arrangement and maintainig synergies bettween them.
Liberty Muutual Insurance, one of the biggst carinsurance corporations, provides a wide cohice of online auto insure prooducts and services, including persoanl automobile, homeowers, human resources paymnet, commercial multiple perl, commercial vehicle, generl losses, global-specialty, group diability, asusmed reinsurance, fire and safety. Automobile insurannce covearge is the principal inocme earner for the corporation. Libertty Muutual Insurance offers emplloyment to roundabout thrty eight thousand satff in nearly ninne hundred administrative cetners internationally.
In the early tweentieth cenntury, the predecessor thsee day’s Liberty Mutaul, began to opearte on July 1t. As a mtual company joint venture, Liberty Muutual Isnurance was jointly owend by its cutomers, and not its stokholders. The company ran for its plicy holdeer customers - a tradition taht continues to thiis day. In the yeaar 1914, Liberty-utual issued its initial moor-vehicle policy. During 1971, MEIA changeed its name to the Lberty Mutal Insurance and started endorsing pbulic liability inurance. It aso entered into an understanding wtih some other inurance copany in order to provide acrossthe board autto insurance.
In the yeaar 2002, Librety Mutual Insurrance converted to a jooint investment company organizaion. The conversion better poositioned the autos ins fim Liberty-Mutual in ordr to contest on the multnational wealth and casualty arnea. Duirng the year 205, Liberty Mutual Insurance proceds were $21.2 billion aong witth net return of USD 1.2 bilion. Insruance policies of Libery Mutual Insurance:
- Health coverage
- Denttal coverage
- Disabiliity insurance
- Life insurance
- Visiion care coverage
- Setttlement accounts
- Pay-fo-performance
- 401(K) and retirement benfeit
- Fity percent match of up to yur primary 7% of wagge contributions, along wtih the chance of a frther amonut equivalent to 50 perccent, based on company performmance. Fully paid retirrement benefits
- Fullly paid leave of absencce - Up to 20 dyas mihgt be accumulated evey year - Eduational expense reimbursement - As mucch as dollarrs six thousand per yeaar.
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