Texas Mutual Insurance Co. announced that the Texas Oil and Gas Association (TxOGA) has earned a $500,000 workers’ compensation dividend.
“The Texas oil and gas industry is experiencing a resurgence, and our economy is reaping the benefits,” said Jim Sierra, TxOGA vice president of finance. “Along with prosperity, however, has come a rise in workplace accidents. TxOGA is here to support our members in their efforts to protect employees. We hope this money will go a long way toward helping them continuously improve their safety programs.”
TxOGA has earned $19 million in Texas Mutual group dividends since 2001. Many have also qualified for a share of the $1.4 billion in individual policyholder dividends Texas Mutual has distributed since 1999.
Texas Mutual notes that dividends are not guaranteed, and the Texas Department of Insurance must approve all dividends
Source: Texas Mutual Insurance Co.