December 12, 2023

Celebrating Louisiana: 2023 Year in Review

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More than our tagline, Louisiana Loyal is a movement LWCC launched and continues to lead to celebrate and elevate Louisiana. The movement is a heartfelt celebration of the everyday victories that bind us together. Whether it’s triumphs in the workplace, the warmth of shared traditions, or the spirit of mutual support during tough times, Louisiana Loyal embraces all that makes our state extraordinary. Throughout the year, LWCC championed workplace safety and supported businesses across Louisiana, while spearheading initiatives to drive transformational change.  

Celebrating Business Success

At LWCC, the celebration of business success is deeply ingrained in our commitment to supporting the economic prosperity of Louisiana. Throughout the year, we have celebrated the achievements of our organization and businesses across the state.  

5.1% Rate Reduction

Through sound business practices, LWCC was pleased to announce an overall rate reduction of 5.1%. This reduction doesn’t just lighten the financial burden for our policyholders, but ripples across industries, encouraging economic growth and job creation. As businesses experience reduced operational costs, they are better positioned to invest, expand, and contribute to the overall success of Louisiana.  

Record Dividend Distribution

In April, LWCC celebrated its largest, single dividend distribution of $115.5 million to approximately 20,000 Louisiana businesses. By returning these dividends to our policyholders, we empower businesses to reinvest in their operations, spur innovation, and stimulate their local economies. It is our hope that the dividend program fosters a sustainable and thriving business landscape that benefits communities across the state.  

National Recognition

LWCC was proud to celebrate not only being named one of Ward’s Top 50 for the 18th time, but also having AM Best reaffirm our “A” (Excellent) financial strength rating. These accolades serve as a testament to our unwavering commitment to excellence and providing businesses with a trusted and proven partner for superior risk management solutions.  

Celebrating Partnerships

Central to the Louisiana Loyal movement is a recognition that we cannot do this work alone. Celebrating partnerships and forging new ones allows us to expand our reach and amplify our impact. Through continual partnership-building, LWCC remains agile and responsive to the evolving needs of our stakeholders.  

CompAcademy for New Producers

Our commitment to excellence extends beyond traditional boundaries as we continue to invest in programs that support our agent partners, ensuring they have the tools they need to navigate this ever-changing industry. Launching CompAcademy for New Producers did just that, bringing together 50 early-career agents from across Louisiana for an immersive, one-day learning experience.  

OMNET Provider Forum

In January, LWCC celebrated our partnership with medical providers via the OMNET Provider Conference, highlighting our shared commitment to delivering compassionate care to injured workers . Through the Forum, and by bringing together industry experts and thought leaders, LWCC reaffirmed our dedication to strengthening partnerships and ensuring that every injured worker receives the best possible treatment and support on their journey to recovery.  

Kids’ Chance Scholarship Program

LWCC is proud to unite our agent partners with our core business in a collective effort to support the Kids’ Chance Scholarship Program. In doing so, we emphasize our dedication to helping families affected by workplace injuries and demonstrate how our business function extends beyond the workplace. This year, LWCC was proud to come together with agent and business partners to make a donation of $50,500 to the program. This initiative reflects LWCC’s holistic approach to corporate citizenship, leveraging our network to make a positive impact in the lives of those facing challenges in the aftermath of a workplace incident.  

Celebrating Safety

For LWCC, taking an active role in safety is a responsibility that underscores our dedication to the well-being of Louisiana workers and the success of Louisiana businesses. Celebrating successes serves as a motivating force, inspiring continued efforts toward excellence in safety practices and fostering a collective commitment to maintaining high standards across all facets of the workplace.  

Safest 70

LWCC’s Safest 70 program stands as a testament to our commitment to workplace safety and the celebration of our policyholders’ achievements in fostering secure work environments. This program reflects our belief that a safe workplace is a shared responsibility, and that collectively, we contribute to a culture of safety that benefits employees, businesses, and communities across the state.  

Safety Funding

In September, LWCC announced the 15 organizations selected for its 2023 Safety Funding Program. This initiative provides financial support to businesses striving to enhance safety measures within their organizations, designed to help them mitigate risk while actively contributing to the creation of a safer and more secure workplace for everyone involved.  

Celebrating Innovation

Innovation is a driving force behind progress, recognizing that staying at the forefront of industry advancements is essential for the success of our policyholders and the communities we serve. By embracing innovation, we ensure that Louisiana remains agile, resilient, and well prepared for the challenges of the future.

OneDay

The Louisiana Loyal movement starts within our walls and drives us to think creatively about how we put our core values into action. LWCC’s inaugural OneDay accomplished that, providing employees with 24 hours to work creatively on how we elevate our state. The experiences gained empower our teams to navigate the ever-evolving landscape of workers’ comp with efficiency and creativity, ensuring that we continue to provide the highest level of service and support to our stakeholders.  

Speaker Series

The Speaker Series at the Foster Learning Center seeks to celebrate and elevate Louisiana by bringing together employees, agent partners, policyholders, and community leaders to cultivate innovation and learning that will help Louisiana progress into the future. This year, we welcomed business expert, Ranjay Gulati, and bestselling author and stoic philosopher, Ryan Holiday, as they shared their diverse perspectives and expertise, contributing to the collective effort to advance and uplift Louisiana.  

Celebrating You

Our celebration extends beyond our organization, recognizing and honoring the heartbeat of Louisiana – you, the citizens who contribute to our state’s vitality. At LWCC, the celebration of Louisiana is a celebration of your unwavering spirit, embodying the essence of our state’s collective success.  

Cheers to a new year and the assurance that Louisiana’s best days remain ahead!

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