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.
Topics Louisiana Workers' Compensation
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