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Upcoming Events

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14th Annual Satchmo…

Aug 1 - 3, 2014
Celebrate our native son, Louis "Satchmo" Armstrong, at this free… more

2014 New Orleans…

Aug 1 - 3, 2014
Join us for the Historic New Orleans Collection's seventh annual New Orleans… more

AN EVENING WITH …

Aug 1 - 1, 2014

COOLinary New…

Aug 1 - 31, 2014
It is going to be a delicious summer!  Throughout the whole month of… more

Entergy IMAX Theatre…

Aug 1 - 21, 2014
Entergy IMAX Theatre and 3D Entertainment Distribution invite audiences on an… more

JPAS Summer Musical…

Aug 1 - 3, 2014
  THOROUGHLY MODERN MILLIE JR., based on the zany musical that has taken… more

Mecha Con

Aug 1 - 3, 2014
MechaCon was conceived as a revolutionary Anime convention experience,… more

Sarah McLachlan at…

Aug 1 - 1, 2014

Satchmo Summer Fest

Aug 1 - 1, 2014
Come and enjoy live music with Leroy Jones & New Orleans Finest. more

The Historic New…

Aug 1 - 3, 2014
The Historic New Orleans Collection's seventh annual New Orleans Antiques… more

The Saenger Theatre…

Aug 1 - 1, 2014
Join us for  multi-platinum singer and songwriter Sarah McLaughlin. She… more

The Victory Belles –…

Aug 1 - 1, 2014
Salute the USA with the Victory Belles' newest red, white and blue celebration!… more

20th Anniversary…

Aug 2 - 2, 2014
The Contemporary Arts Center, New Orleans (CAC) announces the annual Whitney… more

Abita Springs Opry at…

Aug 2 - 30, 2014
Two bands - Three Hours - Five Saturdays First band plays approx 12 noon… more

Abita Springs Opry in…

Aug 2 - 30, 2014
Join us every Saturday in August for The Abita Springs Opry concert… more

Rolland Golden: An…

Aug 2 - 2, 2014
Opening August 2, 2014 more

The Farm To Table…

Aug 2 - 4, 2014
The symposium will bring together the leading practitioners in the growing… more

Hotel New Orleans…

Aug 3 - 3, 2014
Join us for the Strut + Swim poolside fashion show with Fashion Week New… more

Justin Timberlake

Aug 3 - 3, 2014

National Farmers…

Aug 3 - 9, 2014

14th Annual Satchmo…

Aug 1 - 3, 2014
Celebrate our native son, Louis "Satchmo" Armstrong, at this free… more

LRA SIF Members to Receive More Than $2 Million in Dividends Next Year

FOR IMMEDIATE RELEASE

LRA SIF MEMBERS TO RECEIVE MORE THAN $2 MILLION IN DIVIDENDS NEXT YEAR

Amount brings total returned since 1988 to more than $100M

Metairie, LA- The Board of Trustees for the Louisiana Restaurant Association's Self Insurer's Fund (LRA SIF) for Workers' Compensation has approved declaring a dividend to eligible plan participants in the amount of $2.02 million.

The LRA SIF, since 1988, will have cumulatively returned approximately $101.7 million in surplus and safety dividends to eligible members.

For the 26th consecutive year, the Fund has declared a surplus in unused premium and interest income that will be returned to members. This surplus will include eligible participants from the fund years 2008, 2009 and 2010 and be paid in April 2014.

"The LRA SIF was pleased to lower its rates once again this fall, for the third time in four years," said LRA SIF President & CEO Stan Harris. "Our members have shown a commitment to workplace safety practices and as a result, we see lower accident rates. Our Fund is focused on best-in-class member services, combined with our complimentary loss prevention and safety training."

For 32 years, the LRA SIF has served as one of the most respected providers of workers' compensation insurance in Louisiana. The Fund's management continues to focus on efficiency and timely claims handling to keep its member costs very competitive. 

To be eligible for a dividend, the member must be in good standing with the LRA and the LRA SIF and have a loss ratio that is equal to or less than 70 percent for the years declared as of March 3, 2014.

In October 2013, the LRA SIF announced a rate reduction on premiums for its Fund, which specializes in the hospitality industry.

"Our members' positive outcomes allow us to lower their rates," said Harris.

To learn more about how the LRA SIF can help you reduce your workers' compensation costs and to get a quote, call Babs Schultz at (504) 454-2277 today.