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Texas Mutual Pays Combined $329K To Three Purchasing Groups

11 Mar, 2011 WorkersCompensation.com

                               Austin, TX (CompNewsNetwork) - Texas Mutual Insurance Company announced today that it has distributed a combined $328,641 in dividends among three purchasing groups. The workers' compensation dividends are based largely on each group's overall loss ratio.

 The Texas Lodging Group (TLG) earned its first dividend from Texas Mutual: $80,215.

The remaining dividends went to the Texas Schools Group (TSG) and the Texas Produce Association (TPA), which earned $194,743 and $53,683 respectively.

 In addition to potential dividends, group members get a discount on their workers' compensation premium and access to industry-specific workplace safety resources at texasmutual.com.

 Texas Mutual notes that past dividends are not a guarantee of future dividends. 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 30 percent of the market. Since 1991, the company has provided a stable, competitively priced source of workers' comp insurance for Texas employers. Texas Mutual underwrites 28 workers' compensation purchasing groups representing a range of industries, including oil and gas, manufacturing, construction and health care. For a complete list of open purchasing groups, visit texasmutual.com/agents/group.shtm.

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