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Dividend Declared for Oregon Participants in the Liberty Northwest® Property & Liability Restaurant Program

June 29, 2009

The Liberty Northwest Board of Directors recently declared the ninth consecutive dividend earned for restaurants participating in the Oregon Restaurant Association (ORA) Safety Group Dividend Property & Liability Program.

The dividend is three percent of premiums earned and applies to ORA members who were policyholders from October 1, 2007 to October 1, 2008. Since the plan’s inception, the total dividend returns for the group property and liability program exceed $1.25 million.

For 25 years, Liberty Northwest has partnered with ORA to offer its group workers’ compensation program to members – a retrospective rating plan that has returned over $85 million to ORA members since its inception. In 1999, Liberty Northwest began offering the Safety Group Dividend Property and Liability Program to ORA members.

"Oregon Restaurant Association members have benefited from a wide range of coverage options, competitive pricing, special credits and another dividend this year. That makes a good deal great," said ORA President and Chief Executive Officer Steve McCoid. "Liberty Northwest understands the restaurant and hospitality industry and ORA is proud to have the opportunity to offer a consistently-performing program like this to our members."

To learn more about how Liberty Northwest’s insurance programs can help protect businesses, contact Ms. Denise Moore, Liberty Northwest’s Hospitality Program Director at 503-736-7328, or outside the Portland area, call toll-free at 800-275-5600, ext. 7328.

About Liberty Northwest

Liberty Northwest Insurance Corp. (libertynorthwest.com) is Oregon’s largest private workers compensation insurer* and is a leading property and casualty insurer with offices throughout the Northwest. Founded in 1983, Portland-based Liberty Northwest distinguishes itself through exceptional customer service, building strong partnerships, and serving the community.

Liberty Northwest is part of Liberty Mutual Agency Markets, a business unit of Liberty Mutual Group, consisting of property and casualty and specialty insurance carriers that distribute their products and services primarily through independent agents and brokers. Liberty Mutual Group ranks 86 on the Fortune 500 list of the largest U.S. corporations based on 2008 revenues. The company has financial strength ratings of A (Excellent) from the A.M. Best Company, A2 (Good) from Moody’s Investors Service, and A- (Strong) from Standard & Poor’s.

 
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