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Hospital Group Earns First Texas Mutual Dividend

21 Oct, 2008 WorkersCompensation.com

                               

Austin, TX (CompNewsNetwork) - Texas Mutual Insurance Company announced a $105,500 dividend to the Hospitals of Texas (HOTComp) workers' compensation purchasing group today. This marks the group's first dividend.

The group dividend was based largely on HOTComp's overall loss ratio. Many HOTComp members have also earned individual policyholder dividends based on their individual member loss ratios.

HOTComp is open to qualifying Texas hospitals and their majority-owned subsidiary businesses.

Any licensed Texas agent can submit clients for membership. In addition to potential dividends, HOTComp members get a premium discount and access to an industry-specific safety plan.

Texas Mutual underwrites HOTComp, and the HealthSure agency administers it. For more information about HOTComp, visit texasmutual.com.

Texas Mutual notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.

About Texas Mutual Insurance Company

Austin-based Texas Mutual Insurance Company is the state's leading provider of workers' compensation insurance, with approximately 25 percent of the market. Since 1991, the company has provided a stable, competitively priced source of workers' comp insurance for all Texas employers. Preventing workplace accidents and minimizing their consequences is a major part of Texas Mutual's mission.

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