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In order to bring competitive balance to the marketplace, the City of Burkburnett and other entities organize and gained State authorization to launch the TPS workers' compensation fund under Article 8309h of the Texas Statute and hired Employers Casualty Company as its first Third Party Administrator (TPA).
TPS enhanced its program by forming the Property/Casualty Joint Self-Insurance Fund.
TPS Trustees move to the new TPA, AON, to further enhance their property & casualty program.
TPS Trustees move to the new TPA, Berkley Risk Administrators, to enhance their claims administration footprint.
TPS Trustees move to the new TPA, Attenta, to secure adequate excess and reinsurance coverage for the Fund.
TPS Trustees made a significant decision to bring all services in-house and eliminate all administration by its TPA’s.
TPS secured its first claims system to start processing and storing its claim data.
TPS significantly enhanced its program by offering ancillary coverage (Crime, LE, PO & SBLL) in-house (on TPS paper). This allowed TPS to provide a true one-stop-shop. Further that year TPS Trustees approved the purchase of a building in Dallas for its corporate and claims operations.
TPS secured its first underwriting system to start rating, quoting, and issuing policies. Later that year TPS surpasses its long-time goal of $20,000,000 in contribution.
TPS was named by TDI/Department of Workers’ Compensation as a PBO High Performer.
TPS implemented a drone survey program to perform roof inspections for all its members.
TPS implemented a Safety Grant Program to assist members with the purchase of safety equipment. Later that year TPS was once again named by TDI/Department of Workers’ Compensation as a PBO High Performer.
TPS’s 2023 projected member contribution is $50,000,000 and its projected member equity is $17,000,000.