New study shows New Year’s Eve is worst holiday for teen drinking and driving

A new study performed by Liberty Mutual Insurance and SADD (Students Against Destructive Decisions) has shown that New Year’s Eve is the holiday on which teens are most likely to drive while under the influence of alcohol or drugs, despite the fact that they believe that it is the most dangerous driving night of the year. The survey included the participation of almost 2,300 students in the eleventh and twelfth grades. When those who were drivers were asked about the degree of danger they believe is associated with certain events…

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Liberty Mutual posts Q3 losses due to natural catastrophe and asbestos charges

The Liberty Mutual Group, one of the largest property casualty insurers in the U.S., has posted their third quarter financial report. The report shows that the company has lost millions as the result of natural disasters and a high-profile asbestos lawsuit that was levied against the insurer earlier in the year. Last year, the insurer reported a net profit of $567 million during the third quarter, but 2011 has produced several major natural disasters that have shaken the insurance industry to its core. Liberty Mutual’s losses from catastrophic events for…

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Liberty Mutual eyeballing Irish company

  The United States isn’t the only place where business investing went sour because of the economy and poor investing choices. A successful Irish business man has lost his entire enterprise of very thriving businesses. Now U.S. insurance company Liberty-Mutual may be expanding into Ireland, to own and operate one of those businesses; Quinn-direct insurance. Sean Quinn grew up poor on a farm in the UK (the Northern border of Ireland). However, he was an innovative young man and started his first business at age 25. From there he built…

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