The insurance sector also plays an important societal role in addressing climate change through our risk management, underwriting, and investment practices. Kelly Hereid, Director of Catastrophe Research and Development at Liberty Mutual to discusses the role that the insurance industry plays in serving as climate translators using the latest science to make near- and long-term business decisions to protect our communities.
The insurance industry has a unique, front-row seat to the impacts of climate change, as these events increasingly affect policyholders. While we support our customers after a disaster strikes, we also maintain world-class capabilities to synthesize available climate data and make recommendations to reduce risk beforehand.
Liberty Mutual Insurance Chairman and Chief Executive Officer David Long today announced that George Serafeim, the Charles M. Williams professor of business administration at Harvard Business School and senior partner and co-founder of the global sustainable business consulting firm KKS Advisors, has been elected to the company’s board of directors.
As Liberty Mutual’s first Chief Sustainability Officer, Francis Hyatt explains his lessons learned and strategies for success across the company in environmental, social and corporate governance sectors.
Liberty Mutual Insurance today announced that it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI). Liberty Mutual is the first U.S. Property and Casualty (P&C) insurer to join the leading international network of institutional investors committed to including ESG factors in their investment decision making.
The Museum of African American History in Boston received a $1 million grant from its long-time partner, the Liberty Mutual Foundation, which will go towards creating a new social justice initiative.
Liberty Mutual expanded its commitment to sustainable energy by providing capital to Sunnova Energy, one of the leading and fastest-growing residential solar and energy storage service providers in the U.S. The investment will support Sunnova’s continued growth and deployment of residential solar systems and battery storage units.
As part of its response to the unprecedented coronavirus (COVID-19) pandemic, Liberty Mutual Insurance announces its Personal Auto Customer Relief Refund, which gives personal auto insurance customers a 15% refund on two months of their annual premium. This returns approximately $250 million to Liberty Mutual and Safeco personal auto insurance customers and builds on other customer support, including flexible payment options and delivery coverage expansion for auto policies.
Liberty Mutual Insurance has received a rating of 100 percent on the Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to lesbian, gay, bisexual, transgender and queer (LGBTQ) workplace equality, administered by the Human Rights Campaign Foundation. Liberty Mutual joins the ranks of 686 major U.S. businesses that also earned top marks this year.
Liberty Mutual Insurance today announced the first round of recipients of a $5 million philanthropic effort to support organizations in greater Boston working to reduce and end youth homelessness. Nineteen local non-profit organizations are among the first round of grant recipients announced today.