Baton Rouge, LA – LWCC recently announced that its board of directors has declared a 2017 dividend of $81 million to its policyholders. The amount was distributed to over 20,000 policyholders in April and May 2018. The announcement brings the cumulative total dividend over the past 15 years to more than $660 million.
“We are thrilled to be able to continue rewarding our policyholders—a reflection of LWCC’s strong results, close partnerships with valued agents, and our steadfast pledge to provide value to Louisiana businesses,” said LWCC President and CEO Kristin W. Wall. “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.”
A provider of competitive workers’ compensation insurance to Louisiana employers for the last 25 years, LWCC continues its purpose of helping Louisiana thrive by paying dividends to loyal policyholders for sharing in the company’s commitment to promote safe work in the state of Louisiana.
For the last 15 years, Louisiana’s rate of non-fatal accidents and injuries has continually decreased and remains among the lowest rates in the nation when compared to the national averages compiled since 2007. This safety ranking is a result of an unwavering focus on accident prevention by Louisiana’s employers, workers and independent agents across the state.
“This dividend is a direct result of our commitment to supporting Louisiana workers and businesses,” stated LWCC Board Chairman Byron Craig Thomson. “We look forward to continuing to be an economic catalyst for the state through our promotion of workplace safety, prompt healing of the injured and economic stability, as employers continue to invest dividends back into the community.”
Source: LWCC