Search
 

Liberty Northwest sells workers' comp to independent agents

The company sold most of its direct-sold workers' comp policies written in Idaho, Montana and Oregon.

By staff Writer | Updated on June 15, 2009

Liberty Northwest, a member company of Liberty Mutual Group, has sold the renewal rights for most of its direct-sold workers’ compensation policies written in Idaho, Montana and Oregon. Going forward, it will sell its new workers compensation policies, as well as all of its other lines of business, exclusively through independent agents. Liberty Northwest has entered into definitive agreements to sell these policy renewal rights to Western States Insurance Agency of Missoula, Mont.; Premier Insurance of Idaho; and Propel Insurance of Tacoma, Wash. Each of these agencies has extended offers of employment to all of the Liberty Northwest sales and service professionals who are already supporting the transferring policies. Additionally, a definitive agreement has been entered into with Advantage Plus Insurance Services of Pocatello, Idaho. It will be the agency of record for direct-sold workers compensation business previously managed out of the Liberty Northwest Pocatello office. While the transaction with Advantage Plus is effective immediately, the other transactions are expected to close by the end of June 2009.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.