(C) Common Dreams
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Liberty Mutual pulling BOP line in California [1]
['Steve Hallo']
Date: 2023-07-27
According to Liberty Mutual, it regularly assesses its market positions, and during the process it was determined that the BOP product was not meeting its business objectives. Credit: User54871/Wikicommons
Liberty Mutual Insurance is pulling its business owners policies (BOP) line of business out of California as it will stop writing new policies and plans to not renew existing coverages.
AM Best reported that the company will no longer offer BOP in California starting October 1, 2023 and nonrenewals will start in December.
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[1] Url:
https://www.propertycasualty360.com/2023/07/27/liberty-mutual-pulling-bop-lines-in-california/?slreturn=20230828151415
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