Texas Mutual Names Timothy Osmond Claims Manager

Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced today the hiring of Timothy Osmond as claims manager in Dallas.

Osmond will be responsible for management of a staff of 36 claims professionals in Texas Mutual’s Dallas regional office. In the role, he will focus on supporting his team’s outstanding record of customer service and regulatory compliance.

Osmond has more than 24 years of experience in the insurance industry. In previous positions, he was instrumental in achieving business goals through mentoring personnel, strengthening client relationships, optimizing processes and managing overall business costs to increase profitability. Prior to joining Texas Mutual, Osmond spent more than 10 years in claims management positions, specializing in areas such as risk services, corporate claims strategies, quality assurance reviews and business contingency plans. Osmond is a graduate of East Central University in Oklahoma.

Preventing Shock

More people die each year from shock than they do from the accident or injury they experienced. Quick action by rescuers can minimize injuries and save lives. Shock can be caused by any condition that reduces blood flow, such as heart problems, heavy bleeding, dehydration, infections, severe allergic reactions and spinal injuries.

Symptoms of shock:

  • Cool, moist, pale or ashen-colored skin
  • Weak or rapid pulse
  • Shallow or labored breathing
  • Dilated pupils
  • Nausea and/or vomiting
  • Tremors
  • Unconsciousness
  • Confusion

Treating shock:

  • First, check airway, breathing and circulation. If not breathing, start rescue breathing
  • Call 911
  • Speak to victim to try determine level of consciousness
  • Loosen restrictive clothing
  • Keep victim warm (maintain body heat)
  • Control obvious bleeding
  • Check for head and neck injuries
  • If victim vomits, turn on their side if no injuries found

For more information about shock, visit the Mayo Clinic and WebMD.

RTW Works for the Bottom Line

No matter how safe your workplace is, accidents can happen. If they do, they affect productivity, morale and the bottom line. A good return-to-work program can minimize the effects and get injured workers back on the job as soon as medically reasonable.

Some employers hesitate to bring injured workers back until they are ready for full duty because they are afraid they may re-injure themselves. Actually, studies show that injured workers who return to work sooner usually recover faster.

The return-to-work process starts before a work-related injury, and it continues until the injured worker is back on the job. Here are five small steps that will help you and your injured workers get there.

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Texas Mutual Pays $355K Dividend to Apartment Group

The Texas Apartment Association (TAA) safety group has earned a $355,922 Texas Mutual dividend. The workers’ compensation dividend was based largely on the group’s overall safety record.

Since 2009, Texas Mutual has paid nearly $1.2 million in group dividends to TAA safety group m

TAA dividenc check presentation

Bob Barnes (left), chairman of Texas Mutual’s board of directors; and Ron Wright (right), Texas Mutual president; present a $355K dividend check to Michael Whorton, master agent of the Texas Apartment Association safety group.

embers. That total is in addition to individual policyholder dividends group members have earned. Individual dividends are based largely on each policyholder’s safety record.

“As a mutual insurance company, our responsibility is to our policyholders,” said Barnes. “They own the company, and this money belongs to them. We are proud to share Texas Mutual’s success with those who have contributed to that success.”

Unlike publicly traded insurance companies, mutual insurance companies are owned by their policyholders, and they do not answer to stockholders. Dividends allow Texas Mutual to share its financial success with its policyholder owners.

By the end of the year, Texas Mutual will have paid $1.2 billion in dividends. The majority of that total – more than $1 billion – will have been paid since 2005.

Wright said the company’s dividend track record is a direct reflection of its financial strength, as well as policyholders’ efforts to keep employees safe.

“Our status as a mutual company gives us the freedom to focus on what matters most: preventing workplace accidents and their associated costs,” said Wright. “Texas Mutual is fortunate to have owners who share our vision. I hope this return on their investments will keep their businesses strong far into the future.”

Texas Mutual notes that past dividends are not a guarantee of future dividends. The Texas Department of Insurance must approve all dividends.

Five Tips for Controlling Your Workers’ Comp Costs

You probably don’t think much about your workers’ compensation policy until you file a claim or pay your premium. You may be surprised to learn that you can take small steps during the year to help control your workers’ comp costs.

Tip 1. Join a safety group

Your insurance carrier might offer safety group opportunities. Safety groups allow employers in similar industries to get premium discounts. Group members also have access to industry-specific workplace safety resources. Some groups reward safety-conscious members with dividends.

Tip 2. Prevent workplace accidents

The best way to manage claims is to prevent accidents from happening in the first place. Effective safety programs are all-inclusive. Everyone, from the president to front-line workers, follows safety procedures and helps continuously improve the safety program.

Tip 3. Focus on return-to-work

The longer injured employees are off work, the higher the costs for their employers in terms of workers’ comp benefits and lost productivity. Meanwhile, injured employees tend to get bored, stressed and depressed. Their job skills often suffer, along with their incomes.

A return-to-work process helps injured workers return to productive employment. If they are unable to perform their normal job duties, the process provides alternative productive work they can do while they recover.

Tip 4. Join a network

Some carriers offer employers the opportunity to join workers’ compensation health care networks. Networks focus on helping injured workers recover and return to productive employment. Health care providers who participate in networks have experience treating workplace injuries. Some networks also offer premium discounts to participating employers. 

Tip 5. Fight workers’ comp fraud

Fraud costs the workers’ comp system $7.2 billion a year, according to the National Insurance Crime Bureau. Those costs trickle down to everyone in the form of higher premiums.

Fraud is lying for financial gain. Workers’ comp fraud can be committed by claimants, employers, health care providers and anyone else who has a stake in the system.

If you suspect fraud, contact your insurance carrier, or visit the Texas Department of Insurance at www.tdi.texas.gov/fraud/onlinereport.html.

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