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LWCC Announces Dividend of $115.5M to Policyholders

LWCC to distribute $102M dividend to 20,000 businesses | New Orleans CityBusiness

Louisiana Workers’ Compensation Corporation says its board has approved a $102 million dollar dividend for 2021 that will be distributed to approximately 20,000 Louisiana businesses and impact over 167,000 workers.

LWCC Dedicates Foster Learning Center

LWCC to distribute $94M dividend to 20,000 businesses

LWCC to distribute $94M dividend to 20,000 businesses Louisiana Workers’ Compensation Corporation says it has declared a $94 million dividend for 2020 that will be distributed to approximately 20,000 Louisiana businesses and impact over 162,000 workers. All payments are scheduled to be mailed on or before April 30, a news release said. The Baton Rouge-based company said it has now returned over $1.028 billion over the last 18 years to Louisiana businesses. It said that, according to an economic study by Dr. James Richardson, since 2006 the dividend program has supported an average of $47 million in annual personal earnings and a total of 16,155 jobs, including 1,543 jobs supported by the 2020 dividend alone.

Workers' Comp Insurance Rates Continue to Drop in Louisiana

Workers’ Comp Insurance Rates Continue to Drop in Louisiana March 11, 2021 Workers’ compensation insurance rates will continue to decrease in Louisiana with a new rate reduction beginning in May, the insurance department reported. Louisiana Insurance Commissioner Jim Donelon has approved a loss cost filing by the National Council on Compensation Insurance (NCCI) that reduces workers’ compensation rates by 4.1%, effective May 1, 2021. With the current decrease, rates will have declined in seven of the last eight years, according to the Louisiana Department of Insurance. Over the last five years, rates have cumulatively dropped by 25%. Last year, NCCI’s approved annual filing reduced rates by 8.4%, effective May 1, 2020.