Louisiana Workers' Compensation Corporation, the state-created private workers' compensation insurer of last resort, said more than 20,000 policyholders will share in a $45.5 million dividend next month.

Insurance Commissioner Jim Donelon said in a statement that the payments to qualifying policyholders in April signal "another strong year in Louisiana's workers' compensation insurance market. "LWCC continues to contribute to the success of our market by offering a quality product at lower rates to the benefit of policyholders."

LWCC's board of directors declared the dividend for calendar-year 2007, and the insurance department approved it Feb. 26. Last year, LWCC returned a $23.2 million dividend to its qualifying policyholders.

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