Member Login
STP Podcast
File a Claim
Portal Submissions
Change Schedule
Provider Bill Status
TrainingFinancial Strength
Partnering through the Pool Brings Financial Strength.
Strength in Numbers
The Risk Pool is able to provide long-term financial strength and stability because its members partner together to provide state-wide protection:
- Over 95% of Texas cities are contributing members of the Pool;
- Over 200,000 public servants covered for workers' compensation through the Pool; and
- Over $45 billion in governmental property is covered by the Pool.
Proven Long-Term Stability
The Risk Pool has earned its members’ trust by providing reliable, unwavering coverage — at stable rates — for over 40 years.
The true strength of the Pool has been apparent in recent years during unprecedented challenges faced by the state. Texas local governments have endured significant claims related to hailstorms, hurricanes, and once-in-a-lifetime catastrophic events such as the COVID-19 pandemic and Winter Storm URI. The Pool has successfully addressed these losses for both the short and long term, reassuring members that partnering together through the Pool will carry them through tough times.
This partnership has outlasted private insurance companies and brokers that abandon local governments and spike rates as quickly as profits shift. The Risk Pool has stood steady, proving its loyalty to members and its ability to withstand catastrophic losses.
Stable, Economic Rates
Texas local governments work hard to spend their public funds wisely, and the Risk Pool shares that goal. From year to year, our team of underwriters and financial officers ensure that our rates remain stable and as low as possible, allowing members to anticipate costs and stay within their budgets. Taxpayer dollars are well spent on robust coverage, customized resources, and governmental support at a value found nowhere else. Contact us to get a quote, or to discuss a comparison of market rates with your local Pool representative.
The Risk Pool is able to provide long-term financial strength and stability because its members partner together to provide state-wide protection:
- Over 95% of Texas cities are contributing members of the Pool;
- Over 200,000 public servants covered for workers' compensation through the Pool; and
- Over $45 billion in governmental property is covered by the Pool.
The Risk Pool has earned its members’ trust by providing reliable, unwavering coverage — at stable rates — for over 40 years.
The true strength of the Pool has been apparent in recent years during unprecedented challenges faced by the state. Texas local governments have endured significant claims related to hailstorms, hurricanes, and once-in-a-lifetime catastrophic events such as the COVID-19 pandemic and Winter Storm URI. The Pool has successfully addressed these losses for both the short and long term, reassuring members that partnering together through the Pool will carry them through tough times.
This partnership has outlasted private insurance companies and brokers that abandon local governments and spike rates as quickly as profits shift. The Risk Pool has stood steady, proving its loyalty to members and its ability to withstand catastrophic losses.
Texas local governments work hard to spend their public funds wisely, and the Risk Pool shares that goal. From year to year, our team of underwriters and financial officers ensure that our rates remain stable and as low as possible, allowing members to anticipate costs and stay within their budgets. Taxpayer dollars are well spent on robust coverage, customized resources, and governmental support at a value found nowhere else. Contact us to get a quote, or to discuss a comparison of market rates with your local Pool representative.
Expert Financial Management
The Pool protects its strength through expert management of finances. The Pool’s financial statements are publicly available and annually audited. On December 17, 2021, auditor Holtzman Partners LLP issued its Independent Auditors’ Report and opined that the Pool’s financial statements presented fairly, in all material respects, the respective financial positions, result of operations and cash flows of each major fund of the Pool as of September 30, 2021 in accordance with accounting principles generally accepted in the United States of America. The Pool’s Annual Report is publicly available and contains the Pool’s financial statements, the auditor’s letter, reinsurance information, and more.
The Risk Pool maintains an investment portfolio that bolsters our financial strength. The performance of these investments is managed by the Pool’s financial officers and is monitored by its Board of Trustees. The investment policy includes investment objectives, a list of authorized investments, policy guidelines, and portfolio evaluation and reporting standards. The Pool adheres to the Texas Public Funds Investment Act for most of its investments and the Texas Labor Code for longer-term workers’ compensation obligations. The Pool’s investments have been strong during some of the most volatile times in history including economic recessions, geopolitical crises, natural catastrophes, pandemics, and many other unstable events. Please see the documents below for further details about the Pool’s finances.
Requests for Proposals
By submitting a RFP or an IFB, you are agreeing to all terms and conditions contained therein. TMLIRP reserves the right to reject any or all offers.
Contact the Finance Staff
Please submit general Finance inquiries via email to finance@tmlirp.org
