This year marks the third consecutive year the LWCC has paid a dividend to its policyholders, totaling $45.4 million since 2004. The dividends are awarded based on “a calculation that takes into account the policyholder's longevity and safety record with LWCC over the last five years.”
In addition to awarding dividends to policyholders LWCC has lowered rates by “more than 34 percent since its inception in 1992.”
According to the LWCC website “LWCC is a private, nonprofit mutual insurance company. It is the state's largest writer of workers' compensation insurance, covering about 23,000 policyholders in Louisiana.”
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