Liberty International Underwriters Expands Environmental Presence In Southwest
Source: Fort Mill Times (SC), June 24, 2013
Liberty International Underwriters® (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has expanded its environmental impairment liability (EIL) operation with a regional presence, headed by underwriting manager Mike Padula, located in LIU’s Houston office.
Leveraging his local presence to focus on regional trends, develop new opportunities and expand LIU’s producer base, Mr. Padula delivers an enhanced level of support to the Southwest market.
“Our product is the people and the experience behind the policy,” said William McElroy, senior vice president of Environmental Liability for Liberty International Underwriters. “LIU always strives to provide the best service, coupled with the broadest expertise. Our brokers value this and many choose LIU because of our responsive methods.”
“Environmental incidents often come with unexpected risks and many companies do not realize until it is too late that they have environmental exposure,” said Mr. Padula. “Many pollution events are not covered by a Commercial General Liability Policy, and there may be unforeseen gaps in insurance coverage that leave a company paying out-of-pocket for an environmental claim. LIU has the knowledge and experience to help agents and brokers protect their clients’ businesses.”
LIU’s entire suite of Environmental Liability products – fixed site pollution legal liability, contractors pollution liability, storage tank third-party liability, contractors and professional services, and corrective action and cleanup – will be supported by this expanded presence as well as by LIU’s existing EIL operations in New York, Boston, San Francisco, and Denver.
Agents and brokers can contact Mr. Padula at 713-470-5833 or Michael.Padula@libertyiu.com.
About Liberty Mutual Insurance
“Helping people live safer, more secure lives” since 1912, Boston‐based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2012 direct premiums written as reported by the National Association of Insurance Commissioners.
Liberty Mutual Insurance also ranks 81st on the Fortune 100 list of largest corporations in the U.S. based on 2012 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.
