Company History

In the late 1980s, a lack of well leveraged workers’ compensation providers, claims mismanagement, and claims fraud led to skyrocketing rates and an unstable workers’ compensation system that posed a crisis for employers and the state’s entire business community.  Workers’ Comp carriers were leaving the state, and many Louisiana businesses couldn’t buy voluntary workers’ comp coverage and were cast routinely into the assigned-risk pool of noncompetitive and exorbitantly priced policies.

LUBA Workers’ Comp was formed in 1991 to give Louisiana employers a dependable and stable alternative for meeting their legal obligation to offer workers’ comp coverage and support employers’ compliance with the Louisiana Workers’ Compensation Act. Launching as a group self-insurance fund, LUBA began providing workers’ comp and employers’ liability coverage to Louisiana businesses and building its core values on competitive pricing, superior customer service, and a commitment to improving workplace safety.

In 2003, A.M. Best Company, the world’s oldest and most authoritative insurance-rating service, rated LUBA "A- (Excellent),” signifying robust capitalization, proficient underwriting, and excellent operating performance. The rating has been reaffirmed every year since. 

In 2006, after becoming one of Louisiana’s largest workers’ comp providers, LUBA took another pivotal step in its history and converted to a casualty insurance company. The move enabled LUBA to back its policies with even more strength and security and expand its underwriting appetite to include a broader range of business — all while keeping its original core values.

In 2009, the next chapter in LUBA’s history began with its expansion into Mississippi, Arkansas, and Texas.  Since then, LUBA has also expanded into Alabama, Florida, Oklahoma, and Tennessee.  Now a recognized regional carrier, LUBA has a broad network of independent insurance agencies and covers over 157,000 workers across 4,000 policies with more than $80 million in direct written premiums.