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Liberty Mutual was founded in 1912 as the Massachusetts Employees Insurance Association (MEIA), following the passage of a 1911 Massachusetts law requiring employers to protect their employees with workers’ compensation insurance. [14]
A subsidiary of Liberty Mutual, Safeco provides auto insurance, homeowners insurance, and liability insurance. The company name is an acronym for Selective Auto and Fire Ensurance Company of America, or SAFECO (i.e., S.A.F.E. Co.).
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
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A Southern California homeowner is suing Liberty Mutual Insurance Co. for declining to renew her longstanding insurance policy, accusing the company of dropping her for bogus reasons.
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Health Care Service Corporation United States: 46.7 19 Progressive Corporation United States: 46.4 20 The Allstate Corp United States: 45.8 21 Zurich Ins Group Ltd Switzerland: 44.8 22 HDI Germany: 44.2 23 Liberty Mutual United States: 43.7 24 Dai-ichi Life Japan: 43.4 25 Nippon Life Japan: 43.2
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