NEWS RELEASE: March 25, 2010
Manufacturing Group Earns $874K Texas Mutual Dividend
AUSTIN— Texas Mutual Insurance Company announced an $874,253 dividend to the Texas Association of Manufacturers (TAM) workers’ compensation purchasing group today. The dividend was based largely on the group’s loss ratio.
TAM has earned $1,411,633 in dividends during the past three years. By committing to workplace safety and helping injured workers return to productive employment, TAM purchasing group members improve their chances of qualifying for future dividends.*
In addition to potential dividends, TAM members get a discount on their workers’ compensation premium. They also have access to industry-specific safety materials, including pamphlets, videos, DVDs, streaming videos and a written safety plan. The materials cover basic manufacturing safety rules, machine guarding, forklift safety and other topics that address the hazards manufacturing employees face on the job.
*Past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.