Texas Home Builders Workers’ Comp Group Dividend Approaches $60K

Hotchkiss Insurance Agency LLC and Texas Mutual Insurance Company announced a $59,360.36 dividend to the Texas Home Builders Workers’ Comp (THB-WC) purchasing group.

Formed in September 2005 the group is exclusive to home builders in Texas.

Hotchkiss manages the purchasing group and Texas Mutual underwrites it. The current dividend payment is the first for the group from Texas Mutual.

The THB Workers’ Comp Group is a TDI approved purchasing group that is open to most residential general contractors, which includes: home builders; engineers; architects and interior carpentry firms. Any Texas insurance agent may place a qualifying client into the group. The group’s premium volume and loss ratio were factors in determining its dividend.

Source: Hotchkiss Insurance Agency, www.hiainc.com