Business Services Industry
CompGroup AGC.(Texas Mutual Insurance Company)(Brief article)
Texas Contractor, October, 2006
Staff
Directors of CompGroup AGC have received $2.67 million in group dividends on behalf of the membership of their registered purchasing group, which offers workers' compensation insurance to general and subcontractor members of the Texas Chapters of the Associated General Contractors of America. For the past two years, CompGroup AGC has been Texas Mutual Insurance Company's largest single dividend recipient. The $2.67-million group dividend comes on top of a $100-million individual dividend declared by Texas Mutual Insurance Company earlier this summer, of which CompGroup AGC members received $2.7 million. Board Chairman Paul Workman said many members have seen as much as a 15-percent reduction in their premium costs because of dividends issued by Texas...
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