In neighboring news:

Texas Mutual Insurance Co. announced that its board of directors voted unanimously to approve a company-record $260 million dividend distribution in 2017. Qualifying policyholder owners across Texas will share the dividend, which will be distributed beginning in June. Texas Mutual has paid more than $2.2 billion in dividends over the last 19 years, with over $1 billion of that paid in the last five years alone.

More via Insurance Journal here.

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