Liberty Mutual $3.1 Million Gift Endows Professorship in Insurance Law at Boston College Law School

    CHESTNUT HILL, Mass., Nov. 28 /PRNewswire-USNewswire/ -- Boston College
Law School has announced a $3.1 million gift from Liberty Mutual Group to
establish the Liberty Mutual Insurance Professorship in property and
casualty insurance law.

    The gift, to be paid over the next four years, represents the largest
in the 79-year history of Boston College Law School, and will be used to
hire a distinguished teacher and legal scholar with expertise in the field
of property and casualty insurance.

    Boston College Law School Dean John H. Garvey said that Liberty
Mutual's pledge consists of $3 million to endow the Liberty Mutual
Insurance Professorship, and $100,000 to endow The Liberty Mutual Prize, an
annual monetary reward for the best article published in a law review on
property and casualty insurance law, regulation or governance.

    "We are grateful to Liberty Mutual for its generosity in establishing
this professorship and writing prize at Boston College," said Garvey. "The
professorship will allow the Law School to attract one of the nation's top
teachers and scholars to direct our affairs in the area of insurance law.
The prize will allow us to draw attention to research in the field, and it
will make Boston College's name synonymous with the best academic thinking
about insurance."

    Liberty Mutual Chairman, President and CEO Edmund F. Kelly said that
through the professorship and writing prize, Liberty Mutual is taking a
leadership position to improve understanding of the property and casualty
industry and the vital role it plays in society, particularly in enhancing
the financial security of the middle class.

    "By establishing the Liberty Mutual Professorship, we hope to foster a
better understanding within the legal community of the critical role
property and casualty insurance plays in the broader economy," said Kelly.
"Liberty Mutual's partnership with Boston College makes sense given our
mutual histories as venerable institutions with Boston roots dating back
tens of decades."

    Liberty Mutual Group's General Counsel Christopher Mansfield added, "We
are particularly pleased to be partnering with BC Law. Well-educated and
principled legal advocates benefit our industry as well as our society."
Mansfield, a 1975 graduate of BC Law School, oversees Liberty Mutual's
800-lawyer legal department.

    The Liberty Mutual pledge follows several high profile gifts to Boston
College Law School, including a $1.5 million gift from BC Law School
alumnus and energy entrepreneur Dr. David Donohue to establish a junior
faculty position in business law, and a gift from the BC Law School Class
of 1974 to establish the Rev. William J. Kenealy, SJ, Professorship in tax
law, which was awarded this September to BC Law School Professor James
Repetti, one of the nation's foremost tax scholars.

    Founded in 1929, Boston College Law is one of the nation's best and
most selective law schools, enrolling 800 students from 35 states and 130
colleges and universities. Currently ranked 26th by US News and World
Report, it is also ranked in the Top 5 for both Best Professors and Career
Prospects by the Princeton Review and in the Top 15 in Recruitment by the
National Law Journal.