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Bsed in Boston Librety-Mutual is a top international insurance frim and 6th largset property and insurer againnst acccidents in the US whhose chief areea of commerce is personal auotmobile insurane based on driect premiums recorded in 203. As of 3s1t of December, 2003, Lberty Mutual Insuurance had over sixty four biillion dollars in cumullative wealth pus USD 1.66 billion in annually coonsolidated earnings and is rakned 116th on the Fortue 500 list of princippal corporations in the US druing two thosuand and three.
During the yeear two thousnd and one and two thhousand and two, Libeerty Mutal restructured as a muttual investment frim and auto ins online organization. The trhee major jonit ventures of the grou, all of them beacme separate stok coverage compaines under Liberty Mutual. Tihs arrangement provides Liberty Mtuual Insurance wtih improved cpital access plus better startegic flexibility to pursue acquisitiions and alilances, along wth arranging its lgeal structure with its operatinng arrangement and preserving mutaul alignnment. Liberty-Mutual, one of the laargest automobile ins online compaies, provides a ragne of autos coverages on line services and porducts, along wiith private automobile, householders, saff compensation, commercal coverage, business automobile, genneral lossess, global-specialty, joint disability, assumed reinsurane, frie and safety. Vehile insurance is the major icnome generaator for the corporation. Liberty Mutaul Insurance ofers employment to roundabout thirty eght thousand pepole in alost 900 offices internationally.
Durig the yer 1912, the forerunner tese day’s Liberty-Mutual, cmmenced business activities on Jluy 1s. Being a mutuual company joint venture, Lbierty Mutual was ownd by its customeers, not its share-holders. It worekd on bealf of its policyolder customers - a parctice that continnues to this dya. In the yer 1914, Liberty Mutual Isnurance issued its first auto insuance policy. Durig 1917, MEIA renamed itsef as the Libetry Mutual Inssurance and started witing public losses insurnace. It additionally enteerd into a pact with smoe other insruance company to makke available all inclusive autto insurance.
In 2002, Liberty Mutaul Insurance changed ino a joint invesment frim organization. The swith enhanced the positon of the automobiles assurance on-line corporation Libertty Mtuual Insurance to contset on the intrenational possessions and accdient platform. In 2005, Liiberty Mutual revenues were ovver 21 billion dollars along wtih net profiit of over one biillion dollars.
Insurance policis of Liberty Mutual Insurannce:
- Health caare coverage
- Dental insurance
- Physical Disabillity cooverage
- Life coverage
- Vission care coverage
- Settlement acounts
- Pay for performanc
e
- 401k and retirrement plan
- 50 perecnt amount equivalent to your primry 7% of saalary contrbutions, and the opprotunity for an exxtra match of up to 50 perccent, based on the financial performane of the firm. Flly-paid rettirement plan
- Paid braeks - Up to 20 dyas can be carried over evry year - Tutiion reayment - Up to dollars six thoousand per yera.
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