With a focus on fiscal responsibility, the State of Tennessee has established the Tennessee Captive Insurance Company to create additional efficiencies and savings when insuring state property.

“This once again highlights the benefits and versatility of captive insurance for all types of organizations and businesses, including government agencies." Said TCIA President, Kevin Doherty. "This is yet one more unique captive, and the TCIA is proud that the State of Tennessee will be utilizing captive insurance in this manner.”

­Administered by the Tennessee Department of Treasury, Division of Claims and Risk Management, the State of Tennessee is self-insured for property and general liability. This covers all state-owned buildings and contents, including the campuses of Tennessee public institutions of higher learning, with a total property value of $31.4 billion as of July 2022.