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Self insuring: how one group of public institutions did it: Wisconsin's Technical College System's insurance venture, Districts Mutual Insurance, is proving that through collaboration, commitment, and communication public entities can successfully control insurance costs while enhancing coverage limits and providing specialized services.(Best Practices)

Government Finance Review

| August 01, 2006 | Stoeger-Moore, Steven | COPYRIGHT 2006 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Is it possible to start your own insurance company? How about starting one with other public institutions? That's what Wisconsin's 16 technical colleges did, and they have found it to be a successful venture.

BACKGROUND

The Wisconsin Technical College System's (WTCS) districts have a combined annual payroll in excess of $500 million with more than 7,700 full-time and more than 12,000 part-time employees. Property is valued in excess of $1.9 billion. It has more than 950 vehicles and business is conducted at 52 locations throughout the state, serving over more than 400,000 people last year.

Throughout the 1990s several WTCS districts ...

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