Louisiana Workers' Compensation Corporation
Find an Agent Contact Us Search
newsroom  > news releases
how can lwcc help you?
hurricane info
about lwcc
careers
contact us
find an agent
fraud reporting
newsroom
news releases
 
advertising
 
photos
 
lwcc logos
 
scholarship fund
sitemap
LWCC Receives Ward’s 50 Designation for Sixth Year in a Row

BATON ROUGE, La. (July 24, 2007)--For the sixth consecutive year, Louisiana Workers' Compensation Corporation (LWCC) has been named one of the 50 top-performing property-casualty insurers in America.

LWCC was selected as one of the Ward's 50 from more than 2,700 property-casualty insurance companies nationwide. The designations are issued annually by Ward Group, a Cincinnati-based management consulting firm acknowledged as the leading authority on benchmarking and best practices services for the insurance industry.

"As the only Ward's 50 property-casualty company from Louisiana, we are proud to receive this designation that is based on safety, consistency and performance," said Kristin W. Wall, LWCC's president and chief executive officer. "The fact that LWCC has attained this high standard for six straight years demonstrates our commitment to providing the very best service to our policyholders, injured workers and agents."

Ward Group made the selections after conducting a financial-performance analysis of the more than 2,700 insurers.

Each Ward's 50 company has passed all safety and consistency tests and achieved superior performance over the five years analyzed, 2002-2006. The Ward's 50 property and casualty insurance companies produced a 17.8% return on average equity over the five years compared to 12.3% for the property and casualty industry overall.

"Changes in the insurance industry relating to market conditions, technology and customer demands have required companies to transform certain aspects of their operations. Most companies understand the importance of remaining competitive and efficient in this changing environment," said Jeff Rieder, president of Ward Group. "The best companies identify what is important to the organization and customers and focus on meeting these needs."
 
Ward Group released the names of its winners and an in-depth analysis on July 16. A complete list of the Ward's 50 benchmark group is located on the firm's Web site at www.wardinc.com.

About LWCC
LWCC (www.lwcc.com) is a private, nonprofit mutual insurance company. It is the largest writer of workers' compensation insurance in Louisiana, covering about 22,000 policyholders. The company carries an "A" (Excellent) rating from A.M. Best.

About Ward Group
Ward Group (www.wardinc.com) is a management consulting firm specializing in the insurance industry. The Cincinnati-based firm is committed to providing accurate results, consistent reporting and trusted analysis of company performance including benchmarking, operational consulting and information services.  Since 1991, the firm has empowered companies with the knowledge to capitalize on strengths and overcome obstacles through its unique information resources and analysis.



Back
Copyright 2010 LWCC
Privacy Policy / Terms & Conditions Site Map
Rated A (Excellent) by A.M. Best