LWCC Board Declares $22.5 Million Policyholder Dividend

The Board of Directors of Louisiana Workers’ Compensation Corporation (LWCC) has declared a 2010 dividend of $22.5 million, to be paid to qualifying policyholders in early 2011 upon authorization by the Louisiana Department of Insurance.

Once distributed, this will bring LWCC’s cumulative total dividend paid to policyholders over the past eight years to $159,296,520, the company said.

LWCC’s dividend paid to policyholders in 2010 for the 2009 year was $15 million.

About 18,000 policyholders will receive a portion of the new 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.

Source: LWCC