A Wholly-Owned Subsidiary of the
Tennessee Valley Public Power Association, Inc.
Distributors Insurance Company has provided utility-specific property-casualty insurance coverages at competitive premiums to more TVPPA members than any other insurer or program since its 1983 inception. What does this mean? It means insurance tailored to cover the exposures unique to public utilities, rather than a generic, off-the-rack policy mass produced for manufacturers, merchants and municipalities.
Owning your own insurance company does make a difference.
In 1980, leaders of the Tennessee Valley Public Power Association set out to assist members that had been experiencing affordability and availability problems with their property-casualty insurance programs. An Insurance Study Committee was formed to examine the feasibility of an association-owned insurance company designed for TVPPA members. The Committee's work culminated in the creation in 1983 of TVPPA's wholly-owned captive insurance subsidiary, Distributors Insurance Company (DIC).
Historically, the key advantage to TVPPA members having their own insurance company – DIC – has been guaranteed availability. During past restrictive market cycles, DIC stood by TVPPA members offering comprehensive coverages at competitive prices while the traditional insurance market abandoned the Valley's utilities.