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