To convert into a mutual insurance holding company system, consisting of Retailers Casualty Mutual Holding and wholly-owned subsidiary, Retailers Casualty Insurance
Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurer, has received the regulatory approvals from the Arkansas, Louisiana and Mississippi departments of insurance to convert into a mutual insurance holding company system. It would consist of Retailers Casualty Mutual Holding Company and its wholly-owned subsidiary, Retailers Casualty Insurance Company.
Retailers Casualty Mutual Holding Company will continue to provide workers’ compensation insurance coverage through its subsidiary, Retailers Casualty Insurance Company (a stock insurance company).
This change is effective retroactively January 1, 2009, said the company.
Carl Carstens, chairman of the board of Retailers Casualty, said: “Last year, our company expanded from Louisiana to Arkansas and Mississippi. For policyholders, the conversion will be seamless. They will continue to have a say in the management of the company, and businesses will still receive the same quality service from Summit, manager of the day-to-day operations of Retailers Casualty.