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Started By
Message
re: LWCC buying up more land around their office building in Baton Rouge
Posted on 6/24/21 at 9:49 am to member12
Posted on 6/24/21 at 9:49 am to member12
quote:
But I suspect that LWCC wants to eventually put a new office building there.
they just finished a pretty significant remodel.
And LWCC is very wealthy because they charge high premiums to employers and are very stingy when it comes to claims. so just another insurance company...
3
Posted on 6/24/21 at 9:58 am to Motorboat
quote:
And LWCC is very wealthy because they charge high premiums to employers and are very stingy when it comes to claims. so just another insurance company...
Absolutely incorrect!
LWCC DOES charge high premiums, but they also pay dividends to the companies they insure, which are shareholders (of some sort I don't understand). Definitely not just another insurance company. It is very unique.
Posted on 6/24/21 at 10:42 am to Motorboat
quote:
they just finished a pretty significant remodel. And LWCC is very wealthy because they charge high premiums to employers and are very stingy when it comes to claims. so just another insurance company...
We get a rebate every year that covers a substantial portion of our premium
Posted on 6/24/21 at 2:31 pm to Motorboat
quote:
And LWCC is very wealthy because they charge high premiums to employers and are very stingy when it comes to claims. so just another insurance company...
they arent that bad. you have to have a decent history and an aggressive agent when renewals come up. first few years they are kind of rough but after you get some time with them and no incidents, they will be very competitive against anyone. The dividend is also very nice.
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