Texas Mutual WC carrier plans to pay $260mn dividend

Texas Mutual Insurance Company plans to pay a record $260mn in
dividends to its customer-owners this year.
Distribution of the dividend to the carrier's more than
66,000 qualifying business customers will begin in June.
Texas Mutual covers 40 percent of the workers' compensation
market in the Lone Star State.
In the past five years, the Austin-based insurer has paid out
more than $1bn in dividends, the company said last week.
"We're pleased to reward safe practices in a way that...