BC Law gets $3.1M gift from Liberty Mutual

NEWTON, Mass. -- Boston College Law School has received a $3.1 million gift from Liberty Mutual Group that will be used to establish a professorship in property and casualty insurance law.

The gift, to be paid over four years, is the largest in the 79-year history of the school.

Dean John H. Garvey says 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 cash award for the best article published in a law review on property and casualty insurance law, regulation or governance.

Liberty Mutual President and CEO Edmund Kelly says the through the gift, the Boston-based company is taking a leadership position in improving understanding of the property and casualty industry.

(Copyright 2008 by The Associated Press. All Rights Reserved.)