NEWS RELEASE: March 30, 2011
Manufacturing Group Earns $1M Texas Mutual Dividend
AUSTIN— Texas Mutual Insurance Companypresented a $1,175,699 dividend to the Texas Association of Manufacturers (TAM) group purchase program today at Texas Mutual’s corporate office in Austin. The workers’ compensation dividend was based largely on the group’s overall loss ratio.
TAM members have shared in $2.6 million in Texas Mutual dividends since 2008.
In addition to potential dividends, TAM members get a discount on their workers’ compensation premium and access to industry-specific workplace safety resources at texasmutual.com.
Any licensed Texas agent can submit qualifying clients for consideration in the TAM group purchase program. For more information, including qualifying class codes, visit texasmutual.com/agents/pr_tam.shtm.
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 group purchase programs representing a range of industries, including oil and gas, restaurants, construction and health care. For more information, visit texasmutual.com/agents/group.shtm.