Two workers’ compensation purchasing groups offered through Texas Mutual Insurance Company and the National Federation of Independent Business (NFIB) have earned a combined $818,512 in dividends. The dividends were based largely on the groups’ overall loss ratios.
The NFIB construction purchasing group earned a $514,649 dividend, and the NFIB wholesale/retail purchasing group earned $303,863.
In November, a third NFIB/Texas Mutual purchasing group for the manufacturing industry earned a $446,998 dividend.
Small-business members of the three purchasing groups have shared in a combined $2.7 million in group dividends since 2003. Many have also qualified for a share of the more than $595 million in dividends that Texas Mutual has paid to individual policyholders during the past 10 years.
Source: Texas Mutual Insurance Company, www.texasmutual.com
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
Owner of Historic Minnesota Resort Charged With Arson, Insurance Fraud 
State Farm Sued Over Policies Backed by Distressed Insurer PHL 
Pierce Named CEO of GEICO as Combs Resigns 
Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims 
