Texas Mutual Dividend Helps
Nonprofits Continue to Serve

June 18, 2007 - Texas Mutual Insurance Company announced a $360,349 dividend for the Social Services Agencies of Texas (SSA) purchasing group today. The dividend is based largely on the group’s growth and favorable loss ratio.

“Our members are nonprofit organizations that run pretty lean,” said Priscilla Archer of Care Providers Insurance Services LLC, the SSA group administrator. “This dividend will have an important impact in their efforts to serve their communities.”

For more information about the SSA purchasing group, click here. Texas Mutual Insurance Company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.

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Texas Mutual to Pay a Record $125 Million in Dividends

May 30, 2007 - This afternoon, the Texas Mutual Insurance Company board of directors approved the company’s plan to distribute approximately $125 million in individual policyholder dividends. The plan, which still requires Texas Department of Insurance approval, marks the largest dividend payout in company history.

Texas Mutual Insurance Company has declared about $445 million in individual dividends during the past nine years, including $100 million last year. Loyalty and loss ratio are key factors in determining which policyholders qualify for a dividend.

“As the leading workers’ compensation insurer in Texas, we place a strong emphasis on workplace safety,” said Russ Oliver, president of Texas Mutual Insurance Company. “Our dividend program is one way we reward employers who share our commitment to reducing workplace accidents. We hope that our policyholders will put a portion of this money back into improving their safety programs.”

Texas Mutual Insurance Company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.

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Delivery Truck Driver Sentenced
for Workers’ Comp Fraud

May 16, 2007 - Texas Mutual Insurance Company reported today that Cecil R. Bryant of DeSoto pleaded guilty to workers’ compensation fraud-related charges. A Dallas County court ordered Bryant to serve a five-year probated sentence, repay $11,814 in benefits and pay a $1,500 fine.

Bryant reported a job-related injury while working as a delivery truck driver for Ashley Furniture Homestore in Grand Prairie. He claimed he was unable to work as a result of the injury, and Texas Mutual Insurance Company began paying him income benefits.

An investigation found evidence that Bryant worked as a delivery truck driver for another company while he collected benefits. State law requires injured workers to contact their workers’ comp insurance carrier when they return to work.

Texas Mutual Insurance Company is the state’s leading provider of workers’ comp insurance and insurer of last resort. The Bryant investigation is part of the company’s “zero tolerance for fraud” policy.

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Texas Mutual Pays $1.6M Dividend to TCA

May 14, 2007 - Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced a $1,600,383 dividend for the Texas Construction Association (TCA) purchasing group today. The dividend was based largely on the group’s growth and favorable loss ratio.

“The Texas workers’ compensation market continues to be very competitive,” said Russell Oliver, president of Texas Mutual Insurance Company. “We work hard to differentiate our company from other carriers by providing real value to our policyholders. Our track record for paying dividends gives them one more reason to stay with us.”

Texas Mutual Insurance Company has paid more than $320 million in policyholder dividends over the past eight years. The company notes that past dividends are not a guarantee of future dividends, and the Texas Department of Insurance must approve all dividends.

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Barrel Racer Not So Injured

May 11, 2007 - Texas Mutual Insurance Company reported today that Sheryl K. Reynolds of Houston pleaded guilty to workers’ compensation fraud-related charges. A Travis County district court ordered Reynolds to serve a 10-year probated sentence, repay $21,976 in benefits and pay a $1,000 fine.

Reynolds reported a job-related injury while working as a secretary for B-K Company in Houston. She claimed she was unable to work as a result of the injuries, and Texas Mutual Insurance Company began paying her disability income benefits.

An investigation uncovered evidence that Reynolds continued to work while she collected benefits. She was also an active barrel racer. State law requires injured workers to contact their workers’ comp insurance company when they return to work.

Texas Mutual Insurance Company is the state’s leading provider of workers’ comp insurance and its insurer of last resort. The Reynolds investigation is part of the company’s “zero tolerance for fraud” policy.

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Texas Mutual Hosts Oil and Gas Safety Roundtable

April 18, 2007 - Last year, there were 60 deaths in the oil and gas industry nationwide. Over half of them happened in Texas and surrounding states. To help reduce accidents in the industry, Texas Mutual Insurance Company is hosting safety roundtables.

Representatives from the Occupational Safety and Health Administration, the Texas Oil & Gas Association and major oil industry employers gathered at the company’s headquarters last week. The two-part agenda included identifying the barriers to safety in the oil patch and developing best practices for overcoming them.

The Texas oil market has experienced a commercial resurgence over the past six years. Increased production quotas, coupled with a shortage of experienced workers, are contributing to on-the-job accidents. Roundtable participants cited safety training, employee and management accountability, worksite inspections and documented new-employee training as keys to improving safety.

“Oilfield safety is a big problem that needs more attention,” said John Stephens, loss prevention supervisor at Texas Mutual Insurance Company. “This group is taking the first step, but we need industry associations to help us by getting the information to employers.”

The next roundtable is tentatively scheduled for late 2007.

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Claimant Works Three Times Harder Than Allowed

April 5, 2007 - Texas Mutual Insurance Company reported today that Leonard Cano of Houston pleaded guilty to workers’ compensation
fraud-related charges. A Travis County District Court ordered Cano to serve a five-year probated sentence, repay $8,893 in benefits and pay a $250 fine.

Cano reported a job-related injury while working as a chemical blender for Minute Man of America Inc. in Houston. He claimed he was unable to work as a result of the injuries, and Texas Mutual Insurance Company began paying him disability income benefits.

An investigation found that Cano was working for three different employers while collecting benefits. State law requires injured workers to contact their workers’ comp insurance company when they return to work.

Texas Mutual Insurance Company is the state’s leading provider of workers’ comp insurance and its insurer of last resort. The Cano investigation is part of the company’s “zero tolerance for fraud” policy.

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