Texas Mutual Insurance Co. awarded a dividend of $623,341 to the Lone Star Auto Dealers Association Safety Group, which includes franchised auto, truck, RV, boat and motorcycle dealerships, for investments in safety programs.
Since 1999, Texas Mutual has distributed nearly $235 million in dividends to qualifying safety groups, the company said in an emailed news release. Many group members also qualify for individual policyholder dividends from Texas Mutual based largely on their companies' loss ratios.
“When our members invest in safety, they’re setting the standard for deal...
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