Louisiana Retailers Mutual Converts to Holding Company System

Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurer, has received regulatory approvals from the Arkansas, Louisiana and Mississippi departments of insurance to convert to a mutual insurance holding company system, consisting of Retailers Casualty Mutual Holding Company and its wholly-owned subsidiary, Retailers Casualty Insurance Company.

Retailers Casualty Mutual Holding Company will continue to provide workers’ compensation insurance coverage through its subsidiary Retailers Casualty Insurance Company, a stock insurance company. This change is effective retroactively January 1, 2009.

The company expanded from Louisiana to Arkansas and Mississippi last year.

Retailers Casualty insures more than 2,000 businesses throughout Arkansas, Louisiana and Mississippi, and is rated “A-” (Excellent) by A.M. Best Company. Retailers Casualty is managed by Summit. Summit has more than 30 years of experience in workers’ compensation and provides underwriting, policy administration, claims management and loss control services to Retailers Casualty policyholders.

Source: Louisiana Retailers Mutual Insurance Company