Louisiana Department of Insurance

Source: Louisiana Department of Insurance

James Donelon, Commissioner of Insurance for the State of Louisiana announced yesterday that policyholders of Louisiana Workers Compensation Corporation (LWCC) throughout the state are receiving dividend checks totaling $136 million. These payments were approved by the LWCC board in August 2019.

LWCC is a non-profit mutual insurance company, which means it pays dividends to policyholders rather than to shareholders. For many policyholders, this is the second round of dividends received in 2019 - $51 million in payments were distributed in April 2019 as a result of the company’s activity for 2018.

Tags

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.