• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • WCW HOME
  • Submit a Wire!
  • Advertising
  • Media Partners
  • About
  • Contact Us

WorkCompWire

Your Trusted Source for Workers Compensation News

Enlyte
  • Workers Compensation News
    • Workers Compensation Industry News
    • Association, Rating & Research News
    • Claims, Legal, & Compliance News
    • Legislative & Regulatory News
    • Risk Management News
    • Work Force & Human Resource News
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • People On The Move

Texas Mutual Pays $727,632 Dividend to Lone Star Auto Dealers Safety Group

September 2, 2016 - WorkCompWire

Austin, TX – Texas Mutual Insurance Company recently awarded a dividend of $727,632 to the Lone Star Auto Dealers safety group. The dividend was earned based on the group members’ dedication to making safety a priority in their businesses, which kept the group’s loss ratio low.

“At Texas Mutual, we are always pleased to offer dividends to businesses that have a proven safety record,” said Texas Mutual President and CEO Rich Gergasko. “I’m happy that we could provide this dividend for the Lone Star Auto Dealers group.”

Since 1999, Texas Mutual has distributed more than $125 million in safety group dividends among qualifying safety groups. Many group members also qualify for individual policyholder dividends from Texas Mutual based largely on their companies’ loss ratios.

In addition to potential dividends, Lone Star Auto Dealers group members also receive discounts on their workers’ compensation premiums and have access to free workplace safety materials pertaining to their industry.

“It’s great to see these businesses working hard to keep the auto industry safe,” said LSA program manager Brad Wicker. “They do an important job in our state economy, helping Texans find the vehicles they need.”

He added, “I appreciate the training materials and other resources that Texas mutual offers to these businesses to help them work safely.”

Source: Texas Mutual

Filed Under: Risk Management News, Top Stories, Work Force & Human Resource News, Workers' Compensation

Primary Sidebar

Get Our Free Newsletter:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: WorkCompWire.com, PO Box 1114, Culver City, CA, 90232, http://www.workcompwire.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

myMatrixx

Paradigm

Healthesystems

MTI

Follow Us on Twitter

Tweets by WorkCompWire

Workers Compensation News Topics

  • Top Stories
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • The RxProfessor
  • Industry News
  • Association, Rating & Research News
  • People On The Move
  • Claims, Legal, & Compliance News
  • Legislative & Regulatory News
  • Risk Management News
  • Work Force & Human Resource News
  • Workers’ Compensation

Wire Archives

Copyright WorkCompWire © 2023