NEWS RELEASE: March 24, 2008
Manufacturers Group Garners Texas Mutual Dividend
AUSTIN— The Texas Association of Manufacturers (TAM) workers’ compensation purchasing group earned its first dividend from Texas Mutual Insurance Company in the sum of $65,128.
TAM teamed up with Texas Mutual Insurance Company in 2006, giving its members a premium discount and access to a safety plan developed specifically for their industry. TAM is an open program, which means any licensed Texas insurance agent can submit qualifying clients for consideration. TAM is open to most manufacturing classification codes.
TAM is among 25 purchasing groups Texas Mutual Insurance Company offers. The company delivers dividends based largely on a group’s overall loss ratio.
For more information about Texas Mutual Insurance Company and TAM, visit www.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.