texas mutual News

Texas Mutual Awards $4.5M in Grants to Support Workforce Safety

Texas Mutual Insurance Company is announcing the recipients in the second round of its 2024 request for proposal initiative. The company is awarding more than $4.5 million to nearly 70 organizations across the state to support their efforts in workforce …

AM Best Upgrades Credit Rating of Texas Mutual

AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating to “aa-” (Superior) from “a+” (Excellent) of Texas Mutual Insurance Company (Texas Mutual) based in Austin, Texas. The outlook of …

Texas Mutual Reports Nearly 6% Increase in Severe Injuries in 2023

Texas Mutual saw nearly 6% more severe injuries reported in 2023 compared to the previous year, according to an incident trends report released by the insurer. The construction industry reported the most serious incidents by industry in Texas in 2023. …

Texas Mutual President Jeanette Ward Honored with 30-Year Milestone and Yellow Rose of Texas Award

Texas Mutual President and CEO Jeanette Ward recently celebrated two significant achievements with the Texas Mutual board and members of its executive council. On November 17, Ward reached 30 years with Texas Mutual and the governor’s office recognized this achievement …

Texas Mutual Awards Over $2M in Safety Grants

Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, has awarded over $2 million in safety grants to policyholders. The safety grant program opened in July and eligible policyholders were invited to apply on a first-come, first-served …

Texas Mutual Insurance Company Awards Over $4 Million in Grants to Nonprofits

Texas Mutual Insurance Company has awarded more than $4 million in grants to several Texas nonprofits, part of its commitment in community funding to nonprofit organizations. Texas Mutual has committed funding to nonprofit organizations in two categories—generational learning to support …

Texas Mutual Approves $340M Dividend Distribution

Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced today that its board of directors voted unanimously to approve a $340 million dividend distribution in 2023. Dividends will be distributed to an estimated 69,000 Texas business …

Texas DWC Taking Comments on Proposed Rule Change to Update Insurance Code

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting public comments on a proposed rule to amend 28 Texas Administrative Code Section 165.1. The changes would add Texas Mutual’s physical address, update Insurance Code references, and make …

Texas DWC Taking Comments on Change to Administrative Code

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced that is is accepting public comments on a proposed rule to amend 28 Texas Administrative Code Section 165.1. The changes would add Texas Mutual’s physical address, update Insurance Code …

Texas Mutual CEO Rich Gergasko to Retire in 2023

Texas Mutual, the state’s leading provider of workers’ compensation insurance, today announced that the company’s President & Chief Executive Officer, Richard “Rich” Gergasko, has shared with the Board of Directors his intention to retire in early 2023. Gergasko joined Texas …