The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
Jan. 10--Boston-based insurer Liberty Mutual said it is "retiring" the brand names of its eight commercial lines from regional companies that sell exclusively through independent agents to focus on its Liberty Mutual Insurance brand name in all markets.
An insurer said the decision was influenced by "our agents' desire to align their businesses with the stronger, more recognizable Liberty Mutual brand."
The brands being phased out include America First Insurance, Colorado Casualty, Golden Eagle Insurance, Indiana Insurance, Liberty Northwest, Montgomery Insurance, Ohio Casualty and Peerless Insurance.
The insurer, which has revenue of $33 billion, employs more than 45,000 people worldwide.
(c)2013 Boston Herald
Visit the Boston Herald at www.bostonherald.com
Distributed by MCT Information Services