Liberty Mutual Insurance’s Northwest business insurance operation announced an overall retrospective rating adjustment of more than $1.6 million for businesses participating in its Oregon Restaurant and Lodging Association group workers’ compensation insurance program.
The rating adjustment reflects the ORLA’s strong collective safety performance for the policy year ending Dec. 31, 2012, and accounts for premium adjustments, tax savings, and non-disabling medical reimbursements, Liberty Mutual announced.
The average member account savings was 22 percent, with some participants receiving more than 30 percent by recouping funds they paid under the Oregon Medical Service Cost Reimbursement Program, the company said.
Liberty Mutual provides ORLA members access to its risk control services, claims management and return-to-work consultants. Liberty Mutual Insurance employs more than 50,000 workers in roughly 900 offices throughout the world.