Texas Mutual Issues $2 Million in Dividends to New Policyholders

Texas Mutual Insurance Co. announced Monday that it has begun distributing approximately $2 million in dividends among more than 2,700 first-year policyholders with favorable loss ratios.Those dividends represent the final component of the workers’ compensation insurer’s $150 million 2008 policyholder dividend distribution, the carrier reported.Texas Mutual has paid more than $595 million in individual policyholder dividends since 1999.In announcing the payments, the company noted that “past dividends are not a guarantee of future dividends” and that the Texas Departmen...