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Asian American Association Announces Alliance With Liberty Mutual Group; More than 800,000 Motorists Countrywide can Save on Personal Insurance.

EL MONTE, Calif.--(BUSINESS WIRE)--

Aug. 18, 1999 The Asian American Association announced today a new alliance with Liberty Mutual Group designed to enhance benefits to the Association's more than 800,000 members countrywide. Liberty Mutual plans to offer auto and homeowners insurance to Association members in all 50 states at a discounted group rates, where permitted by law(1).

According to Vincent Diau, President of the Asian American Association, this new alliance is yet another way in which the Association provides value to its members.

"Liberty Mutual is the best company in the insurance industry for service," Diau said. "The purpose of this program is to offer our members discounted, competitive insurance rates, unmatched service and efficient claims processing," said Diau, "and Liberty Mutual is the right company to meet our members' needs."

Diau also noted that Liberty Mutual is one of the few companies to realize the market potential of the Asian-American market.

"Together," Diau said, "the Asian American Association and Liberty Mutual will succeed in providing excellent services to this important market segment."

All Asian American Association members, along with their families, will be eligible to participate in the program. In addition to low rates, participating members are eligible to receive a group discount of up to 10 percent.

"With this alliance, we can offer Asian American Association members a convenient way to buy auto insurance at competitive rates, from an organization they can trust," said Joseph Aniello, Vice President and Manager, Mass Marketing Sales, Liberty Mutual Group. "Liberty Mutual is happy to team with the Asian American Association in providing its members with the highest quality products and services," Aniello said.

Participating members may choose to have premium deductions taken from their checking account, or they may choose to be billed at home. The program also offers 24-hour claims reporting and extended service hours.

The Asian American Association-Liberty Mutual alliance is effective in 49 states; Massachusetts approval is pending. The program is available immediately in the other 49 states.

The Association and Liberty Mutual plan to distribute enrollment information to members this fall. Members can receive comparison quotes and secure coverage by calling their local Liberty Mutual office or 1-888-200-0900, a toll-free number established exclusively for members of the Association.

Based in El Monte, Ca., the Asian American Association is committed to meeting the needs of the Asian-American community with the highest quality products and services at the most affordable prices. Representing Asian-Americans since its inception, the Association, also known as 800-777-CLUB, has been consolidating the power of Asian-Americans, striving to break through language and cultural barriers and unleash the potential of the Asian-American. People interested in joining the association should call 800-777-CLUB.

Boston-based Liberty Mutual Group is a diversified international financial services group of companies and one of the largest multi-line insurers in the property and casualty industry.

The group has more than $50 billion in consolidated assets and more than $61 billion in assets under management, $11 billion in consolidated revenue and ranks 124th among the Fortune 500 largest corporations in the United States. Liberty Mutual is rated "A+" (Superior) by the A.M. Best Company.

In addition to being the leading provider of workers compensation insurance, programs and services in the United States for more than 60 years, Liberty Mutual provides a wide range of products and services, including general liability, commercial auto and business property; group life and disability; private passenger auto and homeowners insurance; individual life and annuities; international programs, and financial services.

The company, which is recognized as a world leader in occupational health and safety services, employs 37,000 people in more than 900 offices throughout the world.

(1)Discounts vary by state and province. Group discounts are available where state and provincial laws and regulations allow.
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Publication:Business Wire
Geographic Code:1USA
Date:Aug 18, 1999
Words:628
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