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10 Companies Approved for Self-Insure Certificates

02 Apr, 2009 WorkersCompensation.com

                               
Austin, TX (CompNewsNetwork) - The Texas Department of Insurance, Division of Workers' Compensation (TDI-DWC) approved the renewal of the Certificates of Authority for ten companies to self-insure for workers' compensation claims for a one-year period under the TDI-DWC Self-Insurance Regulation program.  These ten companies collectively employ approximately 23,520 persons in Texas.

Under Texas law, certain large, private companies can self-insure for workers' compensation claims, while retaining the protection of the Texas Workers' Compensation Act for the company and for its employees. To qualify, a company must have a minimum workers' compensation insurance unmodified manual premium of $500,000 and meet other requirements subject to annual review.

The following ten companies received renewals of existing self-insurance certificates:

    * Louisiana Pacific Corporation, Portland, OR
    * Textron, Inc., Providence, RI
    * The Procter & Gamble Company, Cincinnati, OH
    * Weyerhauser Company, Federal Way, WA
    * Ameron International Corporation, Pasadena, CA
    * Jacobs Engineering Group Inc., Houston, TX
    * Mount Vernon Mills, Mauldin, SC
    * PACCAR, Bellevue, WA
    *  Ascension Health, St. Louis, MO
    * ABF Freight System, Fort Smith, AR

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