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Section Carrier Incentives
Picture Teacher teaching adult students
Appetite/Industries
Title Liberty Mutual exiting the hotel/motel market
Text Due to weather-related catastrophes, record inflation, the high cost of rebuilding and other industry-wide liability trends, Liberty Mutual has faced heavy losses and deteriorating loss ratios in the hotel/motel segment for quite some time. Given these persistent adverse market conditions, we will be discontinuing new business for hotel and motel operations effective June 1, 2024.…
