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Texas Insurance Commissioner Betts Approves 10 Companies to Self-Insure for Workers’ Compensation Claims

02 Jun, 2008 WorkersCompensation.com

                               

Austin, TX  (CompNewsNetwork) - Texas Commissioner of Workers' Compensation Albert Betts approved ten companies, employing approximately 31,400 employees in Texas, to self-insure for workers' compensation claims for a one-year period under the Texas Department of Insurance, Division of Workers' Compensation Self Insurance Program.

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:

ABF Freight System, Inc., Fort Smith, AR
Baptist Hospitals of Southeast Texas, Beaumont, TX
Countrywide Home Loans, Inc., Fort Worth, TX
Driver Pipeline Company, Inc., Irving, TX
General Motors Corporation, Detroit, MI
Johns Manville, Denver, CO
Leonard Family Corporation, San Antonio, TX
PPG Industries, Inc., Allison Park, PA
Starbucks Corporation, Seattle, WA
Trinity Mother Frances Health System, Tyler, TX

For more information on applying to the Self-Insurance Program, visit TDI's website at http://www.tdi.state.tx.us/wc/si/index .html.

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