Texas Mutual Insurance Company recently announced a $2,672,136 dividend to the CompGroup AGC purchasing group. The insurer said it was the largest single group dividend payout in its history.
The Texas Department of Insurance (TDI) allows employers in similar industries to reduce their workers’ comp premiums by purchasing their coverage as a group. The CompGroup AGC is a TDI-approved purchasing group that is open to most general and specialty contractors. The group’s premium volume and loss ratio were factors in determining its dividend.
“Safety is ingrained in everything we do,” said Julie Schatz of Roberts & Crow Inc., the CompGroup AGC administrator. “By controlling our group’s loss ratio, we’ve helped our members earn, on average, more than 10 percent of their premium back in dividends. We think that speaks volumes about our members’ commitment to safety.”
For more information about the CompGroup AGC, contact Julie Schatz of Roberts & Crow Inc. by e-mail at jkschatz@airmail.net or by phone at (800) 406-9614.
For more information about other purchasing groups, visit the Agents section at www.texasmutual.com.
Source: Texas Mutual
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