In corporate news:

Liberty Mutual Holding Company Inc. and its subsidiaries recently reported net income of $609 million and $1.274 billion for the three and nine months ended September 30, 2014, increases of $128 million and $27 million over the same periods in 2013. Including $4 million and $19 million of net losses attributable to non-controlling interest, consolidated net income for the three and nine months ended September 30, 2014 was $605 million and $1.255 billion, respectively. In July, Liberty Mutual announced that it is effectively cutting ties with its workers’ compensation line, agreeing to a $3 billion retroactive reinsurance deal with Berkshire Hathaway that will transfer its workers’ compensation, asbestos and environmental liabilities. However, company reps have assured the public that Liberty will continue ton write workers’ comp. In Louisiana, Liberty Mutual wrote $27,157,383 in premium in 2013, according to filings with the Louisiana Department of Insurance.

Read the full release here.

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