Texas Lawyers' Insurance Exchange

Texas Lawyers' Insurance Exchange was organized in 1978 as a Texas reciprocal insurance exchange and began operations in 1979 under the sponsorship of the State Bar of Texas Insurance Trust. Prior to 1978, Texas lawyers were experiencing significant difficulty obtaining legal malpractice coverage at reasonable rates. Consequently, the Board of Directors of the State Bar of Texas and the Insurance Trust approved a plan for the organization of an insurance carrier devoted to writing professional liability insurance for Texas lawyers.