Dividend Declared for Businesses in the Liberty Mutual Insurance Oregon Restaurant and Lodging Association Safety Group Property & Liability Program
Portland, Ore. (July 23, 2013) – Liberty Mutual Insurance recently declared a five percent dividend for businesses participating in the Oregon Restaurant and Lodging Association (ORLA) Safety Group Dividend Property & Liability Program.
The nearly $165,000 dividend is five percent of eligible earned premiums to be distributed among 300 ORLA members who participated in the program from October 1, 2011 to October 1, 2012. Created in 1999, the Safety Group Dividend Property and Liability Program has earned nearly $2 million in total dividends. The annual dividend is based on the overall premium and loss experience of ORLA participating members. For almost 30 years, Liberty Mutual Insurance has partnered with ORLA to offer business insurance and exclusive, industry-specific safety and risk management services to members.
“Oregon Restaurant and Lodging Association members have benefited from a wide-range of coverage options, expert resources, special credits and another dividend this year,” said ORLA President and Chief Executive Officer Steve McCoid. “Liberty Mutual understands the hospitality industry and ORLA is proud to offer its programs to our members.”
To learn more about how Liberty Mutual’s ORLA group insurance programs can help protect businesses, contact Ms. Denise Moore, Association Programs Director at 503-736-7328 or by email at [email protected].
About Liberty Mutual Insurance
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2012 direct premiums written as reported by the National Association of Insurance Commissioners.
Liberty Mutual Insurance also ranks 81st on the Fortune 100 list of largest corporations in the U.S. based on 2012 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.
Contact:
Christopher Goetcheus, 774-279-5923
[email protected]
