Texas Mutual Rewards First-Year Policyholders

Texas Mutual Insurance Co. announced Wednesday it has begun distributing approximately $2 million in dividends among first-year policyholders with favorable loss ratios.The dividends represent the final component of the company’s $125 million 2007 individual policyholder dividend distribution.Texas Mutual has paid approximately $445 million in individual policyholder dividends since 1999.In announcing the distribution, the carrier noted that “past dividends are not a guarantee of future dividends” and that the Texas Department of Insurance must approve all dividends.Source:&n...