We are proud of our history. Program BETA becomes the nation's first joint powers authority to offer professional and general liability coverages to hospitals. In just seven years, participation has more than tripled. Bylaws are amended to allow counties and other government agencies to join the Program. 1988 Regional network meetings are introduced to help risk managers keep abreast of legal requirements and best practices.
Successful investments result in a moratorium on rate increases.
Coverage is extended to Nevada with the participation of LiCON, a 12-member cooperative of rural hospitals. Program BETA becomes its own public entity, giving members greater control. The Trustee Times and Risk Reporter newsletters are created to keep members informed on key risk management developments. The first contribution holiday is declared due to the Program's exemplary loss experience and exceptional investment earnings. Automobile liability coverage is offered to Program members.