Texas Mutual Lobbies for Shared Risk in Residual Market

AUSTIN, Texas – The president and chief executive officer of Texas Mutual Insurance Co. made his case for an assigned-risk pool in front of the Texas House Insurance Committee at a hearing Wednesday morning. Richard Gergasko told the committee – which is studying the state of Texas’ residual workers’ compensation market – that eventually, the state’s robust market will likely take a downturn. “So we believe that if there were a residual market issue, that it’s in the best interest of the state that that financial risk is spread among all ca...