Texas Mutual Plans $155 Million Dividend Distribution

Texas Mutual Insurance Co. announced Wednesday its board of directors has approved the workers' compensation carrier’s plan to distribute $155 million in dividends in 2011.Texas Mutual plans to begin distributing dividends in late July.The dividend plan requires approval from the Texas Department of Insurance.The company anticipates that approximately 38,000 policyholders will qualify for a dividend, based largely on their premium sizes, workplace safety records and history with the company.By the end of the year, Texas Mutual will have paid more than $1 billion in policyholder divid...