BATON ROUGE, La. (May, 23, 2018)—LWCC, the largest workers’ compensation insurance carrier in Louisiana, announces that its board of directors has declared a 2017 dividend of $81 million to its policyholders. The amount was distributed to over 20,000 policyholders in April and May 2018. The announcement brings the cumulative total dividend over the past 15 years to more than $660 million.
“We are thrilled to be able to continue rewarding our policyholders—a reflection of LWCC’s strong results, close partnerships with valued agents, and our steadfast pledge to provide value to Louisiana businesses,” said LWCC President and CEO Kristin W. Wall. “It is our hope that these dividends can be reinvested by employers to further safety measures for their employees—from preventing on-the-job injury and illness to giving injured workers the best opportunity to return to work.”
A provider of competitive workers’ compensation insurance to Louisiana employers for the last 25 years, LWCC continues its purpose of helping Louisiana thrive by paying dividends to loyal policyholders for sharing in the company’s commitment to promote safe work in the state of Louisiana.
For the last 15 years, Louisiana’s rate of non-fatal accidents and injuries has continually decreased and remains among the lowest rates in the nation when compared to the national averages compiled since 2007. This safety ranking is a result of an unwavering focus on accident prevention by Louisiana’s employers, workers and independent agents across the state.
“This dividend is a direct result of our commitment to supporting Louisiana workers and businesses,” stated LWCC Board Chairman Byron Craig Thomson. “We look forward to continuing to be an economic catalyst for the state through our promotion of workplace safety, prompt healing of the injured and economic stability, as employers continue to invest dividends back into the community.”
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 recognized as the best workers’ compensation carrier for its people, performance, partnerships and positive impact on the economy and community. The Better Business Bureau recognized LWCC with its prestigious Douglas Manship, Sr. Torch Award for Ethics in Business in 2014. Named to the 2017 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, 2012-2016. Last year, LWCC was pleased to be named as one of the 2017 Best Places to Work in Baton Rouge by Best Companies Group. 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