February 12, 2009

LWCC’s $7.5 Million Dividend to Bring Cumulative Total to More Than $121 Million

WRITTEN BY

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."
No items found.
Share this article

More news

NEWS
January 12, 2022

LWCC Donates $20,000 through Holiday Giving Contest

Donations made in collaboration with agent partners to Louisiana-based nonprofits working to elevate the state.

NEWS
December 13, 2021

LWCC Raises $43,000 for Kids' Chance Scholarship Program

In an exciting new format, LWCC hosts Billy Beane to launch Speaker Series to support Kids' Chance.

NEWS
December 13, 2021

2021 Holiday Giving Contest Voting Now Open

Voting is now open in LWCC's Holiday Giving Contest, an innovative new initiative to support nonprofits working to elevate Louisiana alongside our agent partners.

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.

How do I register as a policyholder?

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 question for FAQs, this is a sample question.

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.

How do I register as a policyholder?

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 question for FAQs but expanded.

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.

How do I register as a policyholder?

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 question for FAQs but expanded.

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.