Propel Insurance, based in Tacoma, has purchased the policy renewal rights for Liberty Northwest's direct-sold workers' comp policies written in Oregon.
Earlier this week, Liberty entered into agreements to sell previously direct-sold workers' comp accounts, including the renewal rights to those accounts, with four agencies that have contracted with the insurer to sell commercial lines of insurance.
Portland-based Liberty, which is Oregon's second-largest compensation insurer, has also agreed to exclusive contracts with other third-party vendors in Montana and Idaho.
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