Texas Mutual Insurance Company pays out $225 million in dividends
WACO -- Austin-based Texas Mutual Insurance Co., which describes itself as the state’s leading provider of workers’ compensation insurance, has distributed $225 million in dividends to 40,000 policyholders, including 442 in McLennan County.
Texas Mutual uses a formula based on premium size, loss ratio and company history to reward loyal policyholders “who share Texas Mutual’s commitment to preventing workplace accidents and helping injured workers get well and back on the job,” a news release said.
As part of this year’s distribution, it will send $2.7 million in dividends to more than 400 local businesses.
Wes Bailey, president of Bailey Insurance and Risk Management in Waco, applauded Texas Mutual’s approach, saying, “These dividends help support job growth and other company benefits,” and demonstrate the efforts of companies to control insurance costs.
Read more: http://www.wacotrib.com/blogs/mikes_marketplace/texas-mutual-pays-out-million-in-dividends-to-mclennan-county/article_8aa9cb9e-566f-11e5-ae67-e3581275000a.html
[font color=330099]Apparently Texas Mutual needed some good press after the series of articles that I posted in this thread on Wednesday: [/font]
Justice for hire? Giant insurer pays government lawyers to pursue fraud charges
= new reply since forum marked as read
The Mafia would be jealous (
), as though there were a difference.
Ya know TT you are really screwing with my mellow.