Louisiana Workers’ Compensation Insurer to Pay $7.5M Dividend
Louisiana Workers’ Compensation Corporation (LWCC) announced it will pay a $7.5 million dividend to qualifying policyholders in February.
The pay out will bring LWCC’s cumulative total dividend paid to policyholders over the past six years to more than $121 million.
LWCC’s board of directors declared the dividend for the calendar year 2008, and the Louisiana Department of Insurance approved it on Feb. 5, 2009.
About 20,000 policyholders will receive a portion of the 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, www.lwcc.com
Popular Today
- Beyond the Claim: How Social Canvassing is Transforming Insurance Fraud Detection
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- California Sees Two More Property Insurers Withdraw From Market
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
Popular This Month
- Ship Owner in Bridge Collapse Seeks to Limit Its Liability
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme