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Retailers Casualty Insurance Company Announces Policyholder Distribution Payable

Retailers Casualty Insurance Company Announces Policyholder Distribution Payable
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BATON ROUGE, La., April 28, 2021 /PRNewswire/ The Retailers Casualty Insurance Company board of directors has declared a $2,246,000 distribution payable for the 2019 policy year, and distributions to qualifying policyholders have been issued, either by a mailed check or a credit to their account.
Each distribution is in proportion to qualifying policyholder premium and loss ratio the better their record, the higher the return. The maximum amount of distribution paid to qualifying policyholders with zero losses will be 17.5 percent of their normal premium. Policyholders must meet minimum eligibility requirements, and future distributions are at the board s discretion and not guaranteed. ....

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Retailers Casualty Insurance Company Announces Policyholder Distribution Payable

Retailers Casualty Insurance Company Announces Policyholder Distribution Payable
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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. ....

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