LEMIC Insurance Company in Receivership

What LEMIC Insurance Company in Receivership does

LEMIC Insurance Company was a Louisiana-domiciled workers' compensation insurance carrier, founded in 1982 and headquartered in Baton Rouge. The company underwrote and serviced statutory workers' compensation coverage for employers in four Gulf South states—Louisiana, Mississippi, Arkansas, and Tennessee—distributed exclusively through networks of independent insurance agents. As a single-product, single-line carrier, LEMIC's functional role was to collect premiums from policyholders and administer medical and wage-replacement benefits for workplace injuries and illnesses within each state's regulatory framework, overseen by the Louisiana Department of Insurance as lead regulator.

The company's go-to-market was entirely channel-based: LEMIC did not sell direct or maintain proprietary distribution, relying instead on independent agents in each licensed state. Underwriting, claims management, billing, and audit functions were administered in coordination with CCMSI (Crawford & Company Management Services, Inc.), which handled run-off servicing. Workers' compensation pricing was quote-based and varied by industry class, payroll, claims experience, and applicable state rating bureau rules; no public pricing was disclosed. The stated customer segment was businesses in the four licensed states requiring legally mandated workers' compensation coverage, with no named enterprise logos or large-anchor accounts in the source data.

Since March 31, 2014, LEMIC has been under court-ordered rehabilitation issued by the 19th Judicial District Court at the Louisiana Department of Insurance's request. The company is no longer writing new or renewal business and exists in run-off, with existing policyholders required to continue remitting premiums when due. A related entity, EMIHC, Inc., was placed into rehabilitation concurrently. Current operational posture is that of a court-supervised wind-down, with claims, billing, and audit administration outsourced to CCMSI and no active go-to-market, hiring, or product development activity evident in the input data.

Name

LEMIC Insurance Company in Receivership

Legal name

LEMIC Insurance Company in Receivership

Website

https://lemicins.com

Company type

Private

Founded year

1982

Operating status

Closed

Headcount range

1–10 employees

Short description

LEMIC Insurance Company was a Louisiana-based workers' compensation carrier serving employers in Louisiana, Mississippi, Arkansas, and Tennessee via independent agents. Since March 31, 2014 it has been under court-ordered rehabilitation and no longer writes new or renewal business.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Insurance Carriers (5241), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Workers’ Compensation Insurance (FSAJAMAF)

akta.pro secondary industry

Managed Workers’ Compensation (Loss Control, Claims & Return-to-Work Programs) (FSAJAEAH)

Keywords

• Workers compensation insurance
• Commercial insurance
• Claims management
• Independent agent distribution
• Gulf South insurance

Headquarters

HQ city

New Orleans

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Workers' Compensation Insurance Premiums: LEMIC collected insurance premiums from policyholders for workers' compensation coverage. The company is no longer writing new or renewal business as it is in court-ordered rehabilitation.

Go-to-market motion1 record

Distribution channels1 record

Core offering

LEMIC Insurance Company provided workers' compensation insurance coverage to employers through networks of independent insurance agents in Louisiana, Mississippi, Arkansas, and Tennessee. The company was placed in court-ordered rehabilitation by the 19th Judicial District Court on March 31, 2014 and is no longer writing new business or renewal business, though existing policyholders must continue to remit premiums when due. CCMSI now handles claims management, billing, and audit functions for remaining policyholders.

Product overview

LEMIC Insurance Company in Receivership was a single-product workers' compensation insurance provider operating in Louisiana, Mississippi, Arkansas, and Tennessee. The company offered its workers' comp coverage through independent insurance agent networks. Following its placement into rehabilitation by the 19th Judicial District Court on March 31, 2014, the company ceased writing new and renewal business. Policyholders with active policies are required to continue remitting premiums when due.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Insurance

Segments1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• CCMSI (Crawford & Company Management Services, Inc.)coreImplementation/ SI/ Consulting Partner · 31 March 2014CCMSI handles claims management, billing, and audit functions for LEMIC's existing policyholders. Contact: Claims Manager Bob Richards (Ext. 8415), Accounting Supervisor Maria Gaidouk (Ext. 8445), Audit Supervisor Judy Calamari (Ext. 8489). Phone: (866) 314-9970.
• Louisiana Department of InsurancecoreOthersThe Louisiana Department of Insurance oversees the receivership process. LEMIC was placed in Rehabilitation by the 19th Judicial District Court on March 31, 2014. The court order and policyholder notices are available on the LDI website.
• 19th Judicial District Court (Louisiana)coreOthersThe 19th Judicial District Court ordered LEMIC into Rehabilitation on March 31, 2014, placing the company under court supervision.

Scale indicators1 record

Recent moves4 records

Direct peers

• Zenith Insurance Company: Specialty workers' compensation carrier focused on small and mid-sized employers across multiple U.S. states. Comparable to LEMIC in WC-only focus, multi-state regional strategy, and independent agent distribution.
• Employers Holdings, Inc. Workers' compensation specialty insurer targeting small businesses in selective states. Closely comparable to LEMIC in its regional, WC-only, agent-distributed model.
• Texas Mutual Insurance Company: Texas-based workers' compensation-only mutual carrier operating through independent agents. Comparable regional specialist positioning similar to LEMIC's Gulf South footprint.
• Accident Fund Holdings, Inc. Workers' compensation specialist insurer serving employers across multiple states through agents. Comparable business model and product focus to LEMIC.
• Bridgefield Casualty Insurance Company: Regional workers' compensation carrier serving employers in Gulf South and Southeastern states. Comparable regional, single-line focus to LEMIC.
• ICW Group (Insurance Company of the West): Workers' compensation specialty insurer for small to mid-sized businesses across multiple states. Similar product concentration and distribution model to LEMIC.
• LUBA Casualty Insurance Company: Louisiana-domiciled workers' compensation insurance carrier serving employers in Louisiana and adjacent Gulf South states. Direct competitor to LEMIC in the regional WC market through independent agent distribution.

Broad incumbents

• AmTrust Financial Services: Multi-line insurance and specialty workers' compensation carrier operating nationally. Comparable WC product but operates a much broader, multi-line portfolio.
• The Hartford Financial Services Group: Large multi-line insurer with a significant workers' compensation offering distributed through agents. Overlaps with LEMIC in WC products and agent distribution, but operates at much greater scale across all U.S. states.

Others

• Crawford & Company (CCMSI parent): Third-party claims administrator and risk management firm whose subsidiary CCMSI services LEMIC's run-off claims, billing, and audit functions. Direct operational enabler and ecosystem participant to LEMIC.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/lemic-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LEMIC Insurance Company in Receivership