Liberty Mutual Group Expects $200M-$300M Loss From Terrorist Attacks
Thursday, September 20th, 2001 Catastrophe Life & HealthLiberty Mutual Group announced it expects net after-tax loss for the company‘s U.S. and global operations will be in the range of $200 to $300 million from the Sept. 11 terrorist attacks. The company is prepared to pay workers‘ compensation, commercial property, business interruption, commercial auto, general liability, personal auto, homeowners and life insurance claims. "The entire Liberty Mutual family wishes to extend our deepest condolences to all those affected by last Tuesday‘s tragic events," stated Edmund F. Kelly, Liberty Mutual Group chairman, president and chief executive officer. "We have the financial strength to absorb these losses and are already meeting our obligations to help our policyholders recover as quickly as possible."
