Texas Mutual Insurance Company announced a $105,500 dividend to the Hospitals of Texas (HOTComp) workers’ compensation purchasing group. It is the group’s first dividend.
The group dividend was based largely on HOTComp’s overall loss ratio. Many HOTComp members have also earned individual policyholder dividends based on their individual member loss ratios.
HOTComp is open to qualifying Texas hospitals and their majority-owned subsidiary businesses.
Any licensed Texas agent can submit clients for membership. In addition to potential dividends, HOTComp members get a premium discount and access to an industry-specific safety plan.
Texas Mutual underwrites HOTComp, and the HealthSure agency administers it.
Source: Texas Mutual Insurance Company, www.texasmutual.com
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
Two-Thirds of Independent Agencies Plan to Increase AI Use This Year, Survey Says 
World’s Growing Civil Unrest Has an Insurance Sting 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
