LWCC in Louisiana Declares 2017 Policyholder Dividend
The board of directors for LWCC, a provider of competitive workers’ compensation insurance to Louisiana employers, has declared a 2017 dividend of $81 million to its policyholders.
The amount was distributed to policyholders in April and May, bringing the total dividend over the past 15 years to more than $660 million.
“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,” LWCC President and CEO Kristin W. Wall said in a statement.
LWCC, headquartered in Baton Rouge, is a private, nonprofit mutual insurance company employs more than 240 people and serves more than 20,000 policyholders in the state.
- Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance
- Marsh McLennan Agency Acquires Long Island Broker AC Risk Management
- Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud
- Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases