Texas Mutual Awards 2 Safety Groups Over $1 Million in Dividends

Texas Mutual Insurance Co. announced Tuesday that two safety groups have earned combined dividends exceeding $1 million.The Texas Machinery and Equipment Dealers safety group earned an $892,432 dividend, and the Texas Home Builders safety group earned a $130,050 dividend.Both dividends were based largely on each group’s overall loss ratios, Texas Mutual reported.In addition to potential dividends, safety group members have access to industry-specific workplace safety resources and also receive a discount on their workers’ compensation premiums, the carrier said.Texas Mutual underwr...