#TexasRiskManagement
Texas State Office of Risk Management reports a staggering 174% recovery rate this fiscal year, while operating costs remain impressively below budget!

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SORM reports FY26 recoveries nearly double target, operating costs below budget
Executive Director Sarah Hayes told the board the agency closed FY26 with operating expenditures of about $11.4M (of $14.4M budget) and worker's compensation costs of roughly $40.6M; recoveries totaled about $988,000, about 174% of the year’s target.
citizenportal.ai
October 16, 2026 at 12:58 PM
The State Office of Risk Management is set to dive deep into the Origami claims system in FY27, as auditors warn of critical gaps that could impact operations and staffing.

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Board approves FY27 internal audit plan focused on Origami claims system
The State Office of Risk Management board approved the FY27 internal audit plan, prioritizing a review of the Origami claims system after auditors flagged outdated policies and gaps in claims monitoring.
citizenportal.ai
October 14, 2026 at 7:49 PM