New Purchasing Group for Texas Lodging Industry Launched

Texas Mutual Insurance Company has partnered with Hilb, Rogal and Hobbs (HRH) to offer a workers’ compensation purchasing group for hotels, motels, bed and breakfasts, and hospitality groups.

Members of the Texas Lodging Group (TLG) get a premium discount, an industry-specific safety plan and potential dividends if they control their losses, the insurer said.

Texas Mutual Insurance Company underwrites the group, and HRH administers it. The group’s master agent, Michael Gabrielson of HRH, is a former Hilton hotel manager.

Texas lodging room revenues increased 44 percent between 2004 and 2007, according to a March 2008 report issued by the Office of the Governor, Economic Development and Tourism. Annual 2007 room nights sold, the true measure of consumer demand, increased by 3.1 percent over 2006. The report attributes the industry’s growth in part to a healthy Texas economy.

Any licensed Texas agent can submit clients for consideration in TLG.

Source: Texas Mutual Insurance Company, www.texasmutual.com.

Topics Texas New Markets