Portland, Ore.-based Liberty Northwest, a Liberty Mutual Agency Markets regional company, announced strong return results for its Liberty Northwest/Oregon Restaurant Association (LNW/ORA) workers’ compensation insurance program.
Member restaurants will share a retrospective rating adjustment for the policy year ending Jan. 1, 2008 of more than $3.7 million, a figure that accounts for premium adjustments, tax savings, and non-disabling medical reimbursements. The average member account savings is more than 25 percent.
“As a result of this partnership with Liberty Northwest, ORA members have been able to participate in a hospitality-focused workers’ compensation group program that has been so successful that participants have annually received a retrospective rating return since 1986,” said Steve McCoid, ORA president and CEO.
“These results speak to the effectiveness of loss prevention, claims management, and return-to-work specialists who have the expertise and specialized resources to help employers maintain safe workplaces and achieve successful resolution of workers’ compensation claims,” said Denise Moore, LNW/ORA Group Program director.
Liberty Northwest Insurance Corp. (libertynorthwest.com) is Oregon’s largest private workers compensation insurer and is a property and casualty insurer with offices throughout the Northwest.
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