Automotive Group Earns First Texas Mutual Dividend

May 18, 2010

Texas Mutual Insurance Co. announced a $178,267 dividend to the Texas Automotive Purchasing Group (TAPG), the group’s first from the insurer.

The dividend was based largely on TAPG’s loss ratio. By committing to workplace safety and helping injured workers return to productive employment, TAPG members improve their chances of qualifying for future dividends, Texas Mutual said.

In addition to potential dividends, TAPG members get a discount on their workers’ compensation premium. They also have access to free safety materials, including online videos, pamphlets, videos, DVDs and an industry-specific safety plan.

Source: Texas Mutual Insurance Co.

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