LWCC Issues Second Round of Dividends in 2019

Policyholders of Louisiana Workers' Compensation Corp., or LWCC, are receiving dividend checks totaling $136 million this week. The LWCC board approved the dividend in August. For many policyholders, this is the second round of dividends received this year. Another $51 million in payments, resulting from LWCC’s performance last year, was distributed in April. Because LWCC is a nonprofit mutual insurance company, it pays dividends to policyholders rather than to shareholders.  “These dividend payments will reach over 20,000 policyholders that span the economic landscape ...