LWCC RETURNS $15.8M IN DIVIDENDS

The Louisiana Workers’ Compensation Corporation for second year in a row declared a dividend and will return $15.8 million to qualifying policyholders this year. The company believes it to be the largest single dividend ever declared in the state of Louisiana by a workers’ compensation insurer, topping the $10 million LWCC returned to policyholders in 2004.

Individual awards are based upon a calculation taking into account the policyholder’s earned premium and a measure of profitability for the individual account for the previous five-year period.

LWCC is a private, nonprofit mutual insurance company. It is the state’s largest writer of workers’ compensation insurance, covering about 23,000 policyholders and 38.5 percent of the insured market in Louisiana.