Texas OKs 11 Companies to Self-Insure for Workers’ Comp

The Texas Department of Insurance’s Division of Workers’ Compensation (DWC) re-certified 11 employers to self-insure workers’ compensation claims. Together, the companies employ about 50,000 people in Texas.

DWC renewed:

• American Electric Power Company Inc.
• Archer-Daniels-Midland Company
• FedEx Ground Package System Inc.
• Hyatt Corporation
• Lockheed Martin Corporation
• MasTec Inc.
• Parker-Hannifin Corporation
• Poly-America L.P.
• Poly Trucking Inc.
• Union Tank Car Company
• United Airlines Inc.

To be certified to self-insure, a company must meet state requirements and have a minimum workers’ compensation insurance unmodified manual premium of $500,000.

Source: TDI-DWC