About 17,000 qualifying Louisiana Workers’ Compensation Corp. policyholders will receive a share of a $23.5 million dividend declared by the LWCC Board of Directors, the company announced today. Individual dividend payments are based on a calculation taking into account premiums and longevity with LWCC. The dividend marks the ninth consecutive year LWCC has declared one for its policyholders, the company says, with total payments over that span topping $182 million. Payment to policyholders in 2011 for the 2010 year was $22.5 million. “This company has performed exceptionally well during a period when the workers’ compensation industry nationwide has been challenged,” says LWCC Chairman Donald “Boysie” Bollinger in a release. LWCC—a private, nonprofit mutual insurance company—is the largest writer of workers’ compensation insurance in Louisiana.
LWCC declares $23.5M dividend for 2011
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