TLIE Gives Back $4,500,000
TLIE NewsTexas Lawyers’ Insurance Exchange is the only legal malpractice insurance company in Texas that is owned by the Texas lawyers and judges that it insures. Unlike a commercial insurance company, a member-owned company like TLIE exists solely to serve the insurance needs of policyholders, not to produce investment profits for stockholders. And because it is member-owned, TLIE returns excess profits to its policyholders in years when claim experience is favorable.
Over the past several years, TLIE’s claim experience has been very favorable and enabled TLIE to lower its premium rates, reduce its dependence on reinsurance and return record amounts to its policyholders. On December 16, 2022, TLIE’s Board of Directors declared a policyholder distribution in the amount of $4,500,000. That’s almost 30% more than the previous year’s distribution and brings the total amount returned to policyholders over the past 26 years to $73,800,000! The amount of each policyholder’s distribution is based on the premium paid by the policyholder.
TLIE has been serving the lawyers and judges of Texas for over 43 years, and we are proud to continue our long history of providing exceptional malpractice insurance and unrivaled customer service.
If you’d like more information about becoming a TLIE member or have a question about legal malpractice insurance, please contact us at info@tlie.org.
