In neighboring news:

Texas Mutual Insurance Co., a major workers’ comp insurer in that state, recently awarded a dividend of $2,159,751 to the Texas Construction Association safety group. According to an Insurance Journal report, the dividend was earned based on the group members’ dedication to making safety a priority in their businesses. Since 1999, Texas Mutual has distributed more than $125 million in safety group dividends among qualifying safety groups. Many group members also qualify for individual policyholder dividends from Texas Mutual based largely on a company’s individual loss ratio. Texas Mutual has distributed $1.6 billion in safety group and individual policyholder dividends since 1999. The majority of that total ($1 billion) has been distributed in the last seven years.

Read more from Insurance Journal here.

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