Thirteen companies with approximately 183,200 employees in Texas were approved to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance (TDI), Division of Workers’ Compensation Self-Insurance Program.
The department announced that Commissioner of Workers’ Compensation Albert Betts approved initial applications for Certificates of Authority to Self-Insure for Bronco Drilling Company Inc., headquartered in Edmond, Okla., and Wal-Mart Associates Inc., headquartered in Bentonville, Ark.
Under Texas law, certain large, private companies can self-insure for workers’ compensation claims, while retaining the protection of the Texas Workers’ Compensation Act for the company and for its employees. To qualify, a company must have a minimum workers’ compensation insurance unmodified manual premium of $500,000 and meet other requirements subject to annual review.
The following eleven companies received renewals of existing self-insurance certificates:
•AAA Cooper Transportation, Dothan, Ala.
•American Electric Power Company Inc., Columbus, Ohio
•Emerson Electric Company, St. Louis, Mo.
•FedEx Freight East, Inc., Harrison, Ark.
•Guardian Industries Corporation, Auburn Hills, Mich.
•International Paper Company, Memphis, Tenn.
•Lowe’s Home Center, Inc., Mooresville, N.C.
•The Sherwin-Williams Company, Cleveland, Ohio
•Unique Staff Leasing I, Ltd., Corpus Christi, Texas
•Valero Energy Corporation, San Antonio, Texas
•VF Corporation, Greensboro, N.C.
For more information on applying to the Self-Insurance Program, visit TDI’s Web site at www.tdi.state.tx.us/wc/si/index.html
Topics Texas Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Aon Completes $13B Acquisition of Middle-Market Broker NFP 
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster 
Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing 
The Future Is Near for Self-Driving Trucks on US Roads 
