Texas Mutual Makes Dividend Distribution

Texas Mutual Insurance Company's board of directors unanimously approved a general dividend plan today that will distribute approximately $22 million among qualifying policyholders. As in previous years, the 2002 plan includes an annual component for qualifying customers whose policies expired in 2001 and a retention component for select, longtime customers. The announcement is particularly noteworthy given the current workers' compensation insurance market. In the past year, some carriers have gone out of business, and others have restricted their coverage, reduced their services, or abandon...