BATON ROUGE, La. (July 10, 2017) — LWCC’s board of directors recently declared a 2016 dividend of $90.6 million. The amount was distributed to over 20,000 policyholders in April 2017. This is the 14th consecutive year LWCC has issued a policyholder dividend, bringing the cumulative total returned to more than $576 million. Individual dividend awards are based on a calculation that takes into account policyholders’ premium and longevity with LWCC.
“We partner with Louisiana agents who work hard for our policyholders and their employees,” said LWCC President and CEO Kristin W. Wall. “Our success could not have been achieved without these key partnerships with our valued agents and policyholders. We are pleased to reward our policyholders and appreciate their continued trust in LWCC to provide quality services to meet their workers’ compensation needs.”
Louisiana has continued to make great strides in safety, and in fact has been recently recognized as the safest state in the country, only behind Washington D.C., in terms of safety and on-the-job injuries, according to a federal Bureau of Labor Statistics survey. Wall stated, “This remarkable safety ranking is due to an unwavering focus on accident prevention by Louisiana’s employers, workers and independent agents across the state. Fewer accidents mean more workers come home safely to their families each day, and fewer accidents have also contributed to lower rates and the return of dividends to Louisiana employers.”
LWCC Board Chairman Jim Hall stated, “We were created for Louisiana workers and businesses. Our vision and mission remain the same today as it did 25 years ago. We are committed to promoting workplace safety, prompt healing of the injured and economic stability. This dividend is a result of that continued commitment and LWCC’s commitment to supporting Louisiana.”
LWCC, headquartered in Baton Rouge, Louisiana, is a private, nonprofit mutual insurance company that is rated “A” (Excellent) by A.M. Best. As the largest writer of workers’ compensation insurance in Louisiana, LWCC employs over 240 people and serves over 20,000 policyholders in the state. With a disciplined approach and intense focus, LWCC’s vision is to be a world-class workers’ compensation company that promotes safe work, prompt healing of the injured and economic stability in Louisiana by providing unparalleled experiences to customers and key stakeholders. The Better Business Bureau recognized LWCC with its prestigious Douglas Manship, Sr. Torch Award for Ethics in Business in 2014. Named to the 2016 Ward’s 50 group of top-performing insurance companies, LWCC was recognized for achieving outstanding results in the areas of safety, consistency and performance over a five-year period, 2011-2015. For more information on the Corporation and its services, please visit www.lwcc.com.
LWCC Media Contact: Jennifer Vaccaro, (225) 924-7788, JVaccaro@lwcc.com