Texas Mutual Wraps up $175M Dividend Distribution
Texas Mutual Insurance Company announced that it has begun distributing $2.6 million in workers’ compensation dividends among approximately 3,300 new policyholders. The money represents the final component of Texas Mutual’s $175 million dividend distribution in 2013.
Dividends reward loyal policyholders who share Texas Mutual’s commitment to workplace safety.
“Texas Mutual is a policyholder-owned company,” said Bob Barnes, chairman of Texas Mutual’s board of directors. “Our focus is on delivering benefits to our policyholder owners and taking care of their injured workers. Dividends are part of our strategy for helping Texas employers control their workers’ compensation costs.”
This is the 15th consecutive year Texas Mutual has paid dividends, bringing the total to almost $1.4 billion. The company has paid $1 billion of that total since 2007.
Texas Mutual notes that dividends are based on performance, are not guaranteed and must comply with Texas Department of Insurance regulations.
Source: Texas Mutual Insurance Company
- Hail A Growing Loss Driver on Rising Tide of Severe Convective Storm Risk, Allianz Says
- After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees
- When the Cloud Goes Dark: Data Center Claims And Specialized Adjusting Expertise
- Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth