texas mutual insurance company News

Texas Woman Sentenced for $46K Workers’ Comp Fraud

A Texas woman owes just over $46,000 to the state’s largest workers’ compensation insurance carrier after being sentenced for workers’ compensation fraud in a Travis County district court. According to Texas Mutual Insurance Co., Shannon Drew of Aubrey, Texas, reported …

Independent Agent Group Taps Texas Mutual as Endorsed Work Comp Carrier

Texas’ largest independent insurance agent association and the state’s leading workers’ compensation insurance carrier have formed a strategic partnership. The Independent Insurance Agents of Texas (IIAT) announced the partnership with Texas Mutual Insurance Co. at IIAT’s Joe Vincent Agency Management …

Houston Company to Pay $250K in Workers’ Comp Fraud Case

A Houston company has pleaded guilty to workers’ compensation premium fraud in a case that spanned four years, the Texas Department of Insurance, Division of Workers’ Compensation announced. According to the announcement, Alpha Mar entered the plea in a Travis …

Issuer Credit Rating of Texas Mutual Insurance Upgraded by A.M. Best

A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Texas Mutual Insurance Company (Texas Mutual) in Austin, Texas. The outlook of the Long-Term …

Auto Dealers Safety Group Gets $1M Dividend from Texas Mutual

Texas Mutual Insurance Company, a policyholder-owned company, recently awarded a dividend of $1,060,313 to the Lone Star Auto Dealers Association (LSADA) safety group, which includes franchised auto, truck, RV, boat and motorcycle dealerships. This year’s dividend from Texas Mutual brings …

Texan Sentenced on Workers’ Comp Fraud Charges

Texas Mutual Insurance Company reported that a Travis County district court has sentenced Christopher Colligan of Baytown on workers’ compensation fraud charges. The company said Colligan reported a job-related injury while working as a driver for Macro Oil Company Inc. …

Texas Mutual Names Ward as COO, Haugaard as Sr. VP-Policyholder Services

Austin-based workers’ compensation carrier, Texas Mutual Insurance Company, has appointed Jeanette Ward as the company’s new chief operating officer (COO) and Kim Haugaard as its new senior vice president of policyholder services, the role previously filled by Ward. As COO, …

Texas Mutual Distributing $1M in Safety Education Grants to 10 Colleges

Austin-based workers’ compensation insurer, Texas Mutual Insurance Co., is awarding $1 million in grants to 10 colleges across Texas to fund workplace safety courses for employers, workers and the general public. Since 1999, Texas Mutual has awarded $6.6 million in …

Texas Mutual to Distribute $280M in Dividends to Employers

Texas Mutual Insurance Company, which provides workers’ compensation coverage to more than 70,000 business owners and 1.4 million employees, announced it will distribute $280 million in dividends in 2018. Nearly 75 percent of policyholder owners will receive a check from …

Texas Landscaper Must Pay $400K in Workers’ Comp Fraud Case

A Pflugerville, Texas, landscape company pleaded guilty March 21 to misrepresenting its payroll so it could pay less for workers’ compensation coverage, according to the Texas Department of Insurance. Jammers Groundscapes entered the plea in a Travis County District Court …