Louisiana Retailers Mutual Insurance Company converts to Retailers Casualty Insurance Company

Baton Rouge, La. (August 10, 2009)—Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurer, announced today that the company has received all regulatory approvals from the Arkansas, Louisiana and Mississippi departments of insurance to convert to a mutual insurance holding company system, consisting 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.

Carl Carstens, chairman of the board of Retailers Casualty, says, “Last year, our company expanded from Louisiana to Arkansas and Mississippi. The new company name and structure better reflects our ability to do business in multiple states. 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.”

Retailers Casualty insures more than 2,000 businesses throughout Arkansas, Louisiana and Mississippi, and is rated A- (Excellent) by A.M. Best Company. Retailers Casualty is managed by Summit. Summit has more than 30 years of experience in workers’ compensation and provides underwriting, policy administration, claims management and loss control services to Retailers Casualty policyholders.

Please note: Summit agents and insureds that are affected by this conversion will be receiving information in the mail in the next few weeks.