A.M. Best Reaffirms LWCC's "A" Rating

Baton Rouge, LA (CompNewsNetwork) - Louisiana Workers' Compensation Corporation's "A" (Excellent) rating by A.M. Best Company has been reaffirmed for 2009.

A.M. Best is the leading provider of ratings, news and financial data for the insurance industry worldwide. The "A" (Excellent) rating is assigned to companies that have excellent financial strength and operating performance, as well as favorable market position when compared to industry standards that A.M. Best has established. Best's ratings represent an objective quantitative and qualitative evaluation of an insurer's ability to meet ongoing obligations to its policyholders.

LWCC is a private, nonprofit mutual insurance company. It is Louisiana's largest writer of workers' compensation insurance, covering about 20,000 policyholders in the state. For the seventh consecutive year, LWCC has been named one of the 50 top-performing property and casualty insurance companies in the nation—out of more than 3,000—by Ward Group, the leading authority on insurance industry benchmarking.

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