LWCC Announces Mid-Year Dividend of $136 Million

The Louisiana Workers' Compensation Corp., or LWCC, this week announced a $136 million midyear dividend for about 20,000 businesses in the state. The dividend, amounting to an average of $6,800 per employer, will be paid in October. The payout could also be followed by an annual dividend by next summer, according to a news release from the mutual company that is the largest workers' comp carrier in the state. “This midyear dividend does not replace the potential for LWCC’s 2019 dividend,” the bulletin said. “While the board can’t guarantee future div...