re: LWCC buying up more land around their office building in Baton Rouge

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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.

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I was an adjuster for them for about 5 years and then was a commercial insurance agent for another nearly 5 (before management changed ). I had a LOT of clients with them. They are definitely not the most competitive WC carrier around and I heard plenty of bitching as an agent about they way claims were handled/settled/defended. The dividends definitely outweighed any desire to move to another carrier.

They are unique in that it is a mutual insurance company (meaning they are owned by the policyholders and paid a dividend) and was created by the state legislature under Mike Foster because comp carriers were exiting en masse due to the fact that it was not profitable for those carriers to write in Louisiana.

ETA: Not sure of their motive in buying up all the property around the main building especially since the work force has trimmed due to COVID and/or employees leaving on their own accord.