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School board hears LWCC proposal to replace self‑insured workers’ comp with $1.4 million insured policy
Summary
Brown & Brown and LWCC outlined an option for Saint Martin Parish Schools to move from self‑funded workers’ compensation to a fully insured LWCC policy with an estimated $1.4 million annual premium and a dividend program; the board did not vote and asked staff for follow‑up.
The Saint Martin Parish School Board on Wednesday heard a presentation from Brown & Brown and representatives of Louisiana Workers’ Compensation Corporation (LWCC) about switching the district’s workers’ compensation program from a self‑insured model to a fully insured policy.
Ford Duplantis, introduced by a board member as a representative of Brown & Brown, described the financial framing and said the LWCC option would transfer risk to the carrier. He told the board that, under the fully insured option, the district would not retain the $700,000 per‑claim retention that applies now to older claims and that the LWCC premium proposal is approximately $1,400,000 a year and “would take effect 07/01/2026.”
Angela McGee, who identified herself as LWCC’s senior vice president for market conversion, told the board the carrier is a mutual company that returns profits to policyholders through a dividend program. “So regardless, with or without the dividend, we do believe we can save you cost and that ultimately your premium will go down as well,” McGee said, arguing LWCC would also provide a dedicated safety team and a single claims contact to support school districts.
LWCC staff also described how a dividend program can return a portion of premium after several years of participation; McGee said dividends can grow as a member becomes fully vested. LWCC representatives emphasized it is a longer‑term budget decision rather than an immediate year‑to‑year savings choice.
Staff and LWCC outlined implementation limits: the quoted $1.4 million premium is for a new policy beginning July 1, 2026, and would not change the district’s liability for claims incurred before that date, which could keep the district’s current $700,000 retention for older claims. Board members asked for additional detail and for staff to work with the district’s finance team to model multi‑year budget impacts.
No formal vote was taken on changing the insurance model during the meeting. Board members indicated they want more time and additional financial analysis before deciding whether to move away from the self‑insured program.
