texas mutual insurance co News

People Moves: Texas Mutual Promotes Potter to CFO, Martin to Sr. VP-HR

Texas Mutual Workers’ compensation insurer, Texas Mutual Insurance Co., has promoted Bill Potter to chief financial officer (CFO). Potter, a certified public accountant, succeeds Mike Barron, who served as Texas Mutual’s CFO for over 17 years and has retired. Potter …

Texas Mutual to Distribute $330M in Policyholder Dividends

Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends in June, the company said. More than 57,000 Texas business owners, representing approximately 79% of Texas Mutual’s policyholders, will receive dividends in recognition of their efforts …

U.S. Supreme Court Hands Texas Insurers a Win in Air Ambulance Billing Battle

A 2020 decision by the Supreme Court of Texas that limits workers’ compensation air ambulance payments to what is “fair and reasonable,” has been allowed to stand by the U.S. Supreme Court, according to workers’ compensation insurer Texas Mutual. The …

Texas Mutual Names Strong VP, Underwriting Operations

Paschal Strong has been appointed vice president of underwriting operations at workers’ compensation insurer, Texas Mutual Insurance Co. In this newly created position within the underwriting division, Strong will be responsible for the company’s regional underwriting operations and advancing the …

Texas Mutual, VFIS of Texas Award $500K to Emergency Service Groups

Texas Mutual Insurance Co. and Volunteer Firemen’s Insurance Services of Texas are awarding $500,000 to nonprofit emergency service organizations across Texas through two separate grant programs. $200,000 will be designated for a financial relief grant program to help provide funding …

Insurers Score a Win in Texas Air Ambulance Fee Dispute

State law prevails in disputes between insurers and an air ambulance service over reimbursements under the Texas workers’ compensation system, the state’s highest court recently ruled. In Texas Mutual Insurance Co., et al, v. PHI Air Medical Inc., the Texas …

Lentz Named Senior VP – Underwriting at Texas Mutual Insurance Co.

Workers’ compensation provider, Texas Mutual Insurance Co., has appointed Jeff Lentz as the company’s senior vice president (SVP) of underwriting. He most recently was vice president of underwriting at the company. Lentz will oversee corporate underwriting, underwriting support services, regional …

Texas Mutual to Distribute $330M in Policyholder Dividends Two Months Early

Workers’ compensation insurer, Texas Mutual Insurance Co., will distribute $330 million in policyholder dividends to be paid out two months early than scheduled. The company has historically paid dividends in June, and in response to the coronavirus pandemic, saw an …

Texas Mutual: Massachusetts Firm Pleads Guilty to Workers’ Comp Fraud

A Massachusetts company has pleaded guilty in a Travis County, Texas, district court to workers’ compensation fraud, according to Texas Mutual Insurance Co. Texas Mutual says EME International Inc. (EME) of Marblehead, Massachusetts, pleaded guilty to a third-degree felony and …

Texas Business Owner Must Pay $50K in Restitution in Work Comp Fraud Case

The owner of a South Texas truck stop has been ordered to pay $50,000 in restitution after pleading guilty to workers’ compensation fraud. James Russell Williams owns George West Truck Stop pleaded guilty in a Travis County District Court, according …