Dividend Declared in Oregon Restaurant and Lodging Liability Program

Liberty Mutual Insurance recently declared a 5 percent dividend for businesses participating in the Oregon Restaurant and Lodging Association Safety Group Dividend Property & Liability Program.

The nearly $165,000 dividend is 5 percent of eligible earned premiums to be distributed among 300 ORLA members who participated in the program from Oct. 1, 2011 to Oct. 1, 2012. Created in 1999, the program has earned nearly $2 million in dividends. The annual dividend is based on the overall premium and loss experience of ORLA participating members.

Boston-based Liberty Mutual Insurance is a diversified global insurer and one of the largest property/casualty insurers in the U.S. based on 2012 direct premiums written as reported by the National Association of Insurance Commissioners.