Texas Mutual Insurance Company reported $684,997 in dividends to the National Federation of Independent Business (NFIB) workers’ compensation purchasing groups. The dividends were based largely on the groups’ overall loss ratios.
The largest dividend went to the NFIB wholesale/retail group, which received a $353,072 check. The NFIB construction group received a $236,117 dividend, adding to its five-year history of earnings. Meanwhile, the NFIB manufacturing group earned $95,808, its first dividend from Texas Mutual Insurance Company.
The NFIB is a nonprofit, nonpartisan organization representing small and independent businesses. Texas Mutual Insurance Company is a leading writer of purchasing groups in Texas. The company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.
Source: Texas Mutual Insurance Company, www.texasmutual.com
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
