The Ernest N. Morial New Orleans Exhibition Hall Authority (“Authority”), the governing board of the New Orleans Ernest N. Morial Convention Center, was presented with a check for nearly a quarter of a million dollars, as a dividend from LWCC for its continued commitment to workplace safety. The Convention Center plans to use the dividend to re-invest in its long-standing commitments to the health and safety of its internal and external customers.
The New Orleans Ernest N. Morial Convention Center was awarded the dividend through a unique, mid-year distribution by LWCC. As a mutual insurance company, LWCC is able to share profits with policyholders when it achieves strong financial results. Through its dividend program, LWCC has returned $848 million to policyholders over a period of 16 consecutive years.
“Our dividend program is made possible by our agents’ sound counsel to policyholders; our policyholders’ hard work and safety improvements; and our employees’ dedication to excellence in execution,” said LWCC President and CEO Kristin W. Wall.
“We consider our employees internal customers, and value their input while collaborating on ways to continuously improve our facility. The dividend from LWCC proves that our workplace culture of “safety first” not only makes this a safe place to work, but also has a real return on investment for our efforts. The dividend we received will be re-invested back into the business to continue to provide a safe environment for our patrons and internal customers as well,” said Michael J. Sawaya, President and General Manager of the New Orleans Ernest N. Morial Convention Center.
In May, LWCC awarded the New Orleans Ernest N. Morial Convention Center with its fourth straight “Safest 70” award, which is given to the top 70 of over 20,000 entities ensured by LWCC. The Convention Center was recognized based on the effectiveness of their safety efforts in preventing injuries and maintaining a consistent workplace safety history in 2018.
Seth Irby, Chief Marketing & Customer Experience Officer of LWCC presented the check at a recent board meeting of the Authority. This marks the largest dividend that the Convention Center has received to date. Since 2003, the Convention Center has received more than $1.5 million in total dividend distributions.
Seth Irby, Chief Marketing & Customer Experience Officer of LWCC presents a dividend check to New Orleans Ernest N. Morial Convention Center President Michael Sawaya, New Orleans Ernest N. Morial Exhibition Hall Authority Commissioner Ronald Guidry, and Authority Chairman Melvin Rodrigue.
About the New Orleans Ernest N. Morial Convention Center
With 1.1 million square feet of prime exhibit space, in an entirely contiguous hall, the New Orleans Ernest N. Morial Convention Center provides the largest single exhibit space in the country. The New Orleans Ernest N. Morial Convention Center features an award winning staff and first class amenities, and is the sixth largest convention center in the nation. A consistent Top 10 host of the largest conventions and tradeshows in the nation annually, the Convention Center is also one of the city’s “Top Workplaces.” A leading contributor to the city’s robust tourism economy, the Convention Center’s event activity has produced $90.1 billion in economic impact since its 1985 opening, including $5.7 billion in new tax revenue for state and local governments.
About the Ernest N. Morial New Orleans Exhibition Hall Authority
The Ernest N. Morial New Orleans Exhibition Hall Authority’s (Authority) exclusive mission is to finance, construct and operate facilities in order to attract and conduct conventions, trade shows and other events that support and expand the economy of both the State of Louisiana and New Orleans Region. The Authority is composed of a 13-member board of commissioners, ten appointed by the Governor of Louisiana, and three appointed by the Mayor of New Orleans. Since 1985, event activity at the New Orleans Ernest N. Morial Convention Center has produced $90.1 billion in economic impact since its 1985 opening, including $5.7 billion in new tax revenue for state and local governments.
About LWCC
LWCC is a champion of Louisiana business and proud to be headquartered in the state capital, Baton Rouge. As a model single-state, private mutual workers’ comp company, we promote safety, security, and stability in our state. LWCC is dedicated to excellence in execution from underwriting to life-long care of injured workers. We are proud to partner with our agents and together deliver outstanding service to our policyholders and their workers. Our commitment is to be there for Louisiana. Always. Our mission is to help Louisiana thrive by bettering our state one business and one worker at a time. LWCC has been recognized by industry leading benchmarker, AON, and named to the Ward’s 50® group of top-performing insurance companies for achieving outstanding results in the areas of safety, consistency, and performance over a five-year period, 2014-2018. LWCC is pleased to be named as one of the 2018 Best Places to Work in Baton Rouge by Best Companies Group. For more information on the Corporation and its services, please visit www.lwcc.com.
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