Texas Mutual Announces New Purchasing Group

Austin, TX (CompNewsNetwork) - Texas Mutual Insurance Company has partnered with Hilb, Rogal and Hobbs (HRH) to offer a workers' compensation purchasing group for hotels, motels, bed and breakfasts, and hospitality groups. Members of the Texas Lodging Group (TLG) get a premium discount, an industry-specific safety plan and potential dividends if they control their losses.

Texas Mutual Insurance Company underwrites the group, and HRH administers it. The group's master agent, Michael Gabrielson of HRH, is a former Hilton hotel manager.

"One of the first things we considered before proposing this group to Texas Mutual was growth potential," said Gabrielson. "Texas is a prime travel destination. We offer a wide range of tourist attractions located in diverse cities. We host some of the biggest events in the world, such as the South by Southwest Music Festival."

Texas lodging room revenues increased 44 percent between 2004 and 2007, according to a March 2008 report issued by the Office of the Governor, Economic Development and Tourism. Annual 2007 roomnights sold, the true measure of consumer demand, increased by 3.1 percent over 2006. The report attributes the industry's growth in part to a healthy Texas economy.

Any licensed Texas agent can submit clients for consideration in TLG. For more information, visit the Agents section at texasmutual.com.

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

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