Liberty Mutual Insurance to Provide Insurance Coverage to Drivers on the Lyft Platform in Five States

Company to Cover Arizona, Michigan, New Mexico, Texas and Utah

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Oct 01, 2020, 09:45 ET

BOSTON, Oct. 1, 2020 /PRNewswire/ -- Liberty Mutual Insurance today announced it has been selected by Lyft to provide coverage for drivers using its rideshare platforms throughout Arizona, Michigan, New Mexico, Texas and Utah, effective today. Under the program, Liberty Mutual provides specific coverages in five states from the time a driver has their Lyft app on to app off.

"We're excited to have been selected to take part in Lyft's auto insurance program," said Liberty Mutual Insurance Sharing Economy & New Mobility Senior Vice President and Chief Underwriting Officer David Blessing. "Drawing on Liberty Mutual's deep expertise in both commercial and personal lines, we are able to deliver complex risk management solutions to meet the insurance needs of one of the preeminent companies in the sharing economy."

"We're pleased that Lyft recognizes our dedication to innovation as we continue to develop compelling products and services that meet customers' changing needs," said Liberty Mutual Vice President, Product Technology Solutions, Nicholas Grant. "Our Mobility Practice brings together specialized underwriting, actuarial, claims, and service teams for rideshare giants like Lyft, as well as car subscription, vehicle sharing, delivery services, and autonomous vehicle companies."

About Liberty Mutual Insurance

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.

In business since 1912, and headquartered in Boston, today we are the sixth largest global property and casualty insurer based on 2019 gross written premium. We also rank 77th on the Fortune 100 list of largest corporations in the U.S. based on 2019 revenue. As of December 31, 2019, we had $43.2 billion in annual consolidated revenue.

We employ over 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.

For more information, visit www.libertymutualinsurance.com.