LWCC’s $7.5 Million Dividend to Bring Cumulative Total to More Than $121 Million
BATON ROUGE, La. (February 12, 2009) -- Louisiana Workers' Compensation Corporation (LWCC) will pay a $7.5 million dividend to qualifying policyholders in February, LWCC President and CEO Kristin W. Wall announced today. It will bring LWCC's cumulative total dividend paid to policyholders over the past six years to more than $121 million.
LWCC's board of directors declared the dividend for the calendar year 2008, and the Louisiana Department of Insurance approved it on February 5, 2009.
About 20,000 policyholders will receive a portion of the dividend. Individual dividend awards are based on a calculation that takes into account policyholders' premium payments and longevity with LWCC over the last five years.
"We are pleased to be able to return a dividend to our policyholders for six consecutive years," said Wall. "Despite the difficult economic climate, we are continuing to put dollars back into the pockets of Louisiana businesses."
LWCC (www.lwcc.com) is a private, nonprofit mutual insurance company that is the largest writer of workers' compensation insurance in Louisiana. The company carries an "A" (Excellent) rating from A.M. Best and, for the seventh consecutive year, was named one of the top 50 property and casualty insurers in the nation -- out of more than 3,000 -- by Ward Group, the leading authority on insurance industry benchmarking.
"This dividend demonstrates that LWCC is committed to providing policyholder value," said LWCC Chairman Aubrey T. Temple, Jr. "It is also noteworthy that the company has reduced overall rates by more than 45 percent since it began operations in 1992. We are grateful to our agent partners, who have contributed to our financial success, and to our policyholders, who have joined us in helping to make Louisiana workplaces safer."
More news
Ten Tips for Snow & Freeze Safety
Stay safe this winter with these 10 tips for navigating snow and freezing temperatures.
LWCC Celebrates the 2024 Holiday Giving Program Awarding $20,000 to Three Nonprofits
LWCC’s annual Holiday Giving Contest celebrates and elevates Louisiana-based nonprofits in partnership with agent partners.
LWCC is Acquiring Prescient National
LWCC is acquiring 100% of North Carolina-based Prescient National, an AM Best “A” rated, high-performing national workers’ compensation insurance company, as a direct subsidiary of its investment portfolio.
Frequently asked questions
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
