AUSTIN, TX – The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved one initial application and thirteen renewals of Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These 14 companies collectively employ approximately 188,000 employees in Texas.
Under Texas law, certain large, private companies can self-insure for workers’ compensation claims, while retaining the protection of the Texas Workers’ Compensation Act for the company and for its employees. To qualify, a company must have a minimum workers’ compensation insurance unmodified manual premium of $500,000 and meet other requirements subject to annual review.
The following companies received self-insurance certificates:
- AAA Cooper Transportation, Dothan, AL
- American Electric Power Company Inc., Heath, OH
- Archer-Daniels-Midland Company, Decatur, IL
- Baker Concrete Construction Inc., Monroe, OH (new to program)
- FedEx Ground Package System Inc., Pittsburgh, PA
- Hyatt Corporation, Chicago, IL
- Limited Brands Inc., Columbus, OH
- Lockheed Martin Corporation, Fort Worth
- Parker-Hannifin Corporation, Cleveland, OH
- Poly-America L.P., Grand Prairie
- Sam Kane Beef Processors Inc., Corpus Christi
- Union Tank Car Company, Chicago, IL
- VF Corporation, Greensboro, NC
- Wal-Mart Associates Inc., Bentonville, AR
Source: TDI-DWC