Liberty Northwest® Returns More Than $2 Million To Oregon LPCG Members

Portland, OR - August 18, 2009 – Liberty Northwest, a Liberty Mutual Agency Markets regional company, today announced a total retrospective rating adjustment of more than $2 million for members of the Liberty Premier Contractors Group (LPCG) workers’ compensation insurance program.

The rating adjustment reflects the participants’ safety performance during the policy year ending October 1, 2008, and amounts to a total net group savings of 21 percent, which includes premium adjustments, tax savings, and non-disabling medical reimbursements.

Through its effective workers’ compensation cost-reduction strategy, Liberty Northwest gives employers short-and-long-term incentives for improving safety and realizing significant end-of-year plan savings.

“These results demonstrate the commitment of LPCG members to make safety essential in every task, on every job,” said Linda Lindsten, executive director of the Oregon State Association of Plumbing-Heating-Cooling Contractors, an LPCG member. “It also speaks to members’ successful partnership with Liberty Northwest, whose hands-on involvement, outstanding service, and dedication to jobsite safety is key to this result.”

Plan participants also include member companies of Associated Builders and Contractors, Pacific Northwest chapter. “We’re proud to partner with Liberty Northwest,” said John Killin, president of this ABC chapter. “For more than a decade, we’ve offered our members a workers’ compensation program that gives expert service, fair rates, and a reward for favorable group performance.”

Organizations that want to learn more about Liberty Northwest’s workers’ compensation programs and services should contact their Liberty Northwest independent agent or call 503-239-5800 or 800-463-6381.

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.

* Based on the 2005 Department of Consumer and Business Services Report

Denise Moore, Association Programs Director
Phone: 503-736-7328 or 800-275-5600, ext.7328
E-mail: [email protected]