Friday, May 30, 2008

Companies Gain Approval in Texas to Self-Insure

Commissioner of Workers’ Compensation Albert Betts approved 10 companies, employing approximately 31,400 employees in Texas, to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance, Division of Workers’ Compensation Self Insurance Program.

Under Texas law, certain large, private companies can self-insure for workers’ comp claims, while retaining the protection of the Texas Workers’ Compensation Act for the company and for its employees. To qualify, a company must have a minimum workers’ comp insurance unmodified manual premium of $500,000 and meet other requirements subject to annual review.

The following 10 companies received renewals of existing self-insurance certificates:

  • ABF Freight System, Inc., Fort Smith, AR
  • Baptist Hospitals of Southeast Texas, Beaumont, TX
  • Countrywide Home Loans, Inc., Fort Worth, TX
  • Driver Pipeline Company, Inc., Irving, TX
  • General Motors Corporation, Detroit, MI
  • Johns Manville, Denver, CO
  • Leonard Family Corporation, San Antonio, TX
  • PPG Industries, Inc., Allison Park, PA
  • Starbucks Corporation, Seattle, WA
  • Trinity Mother Frances Health System, Tyler, TX.

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