Is price-fixing a better alternative than competition? Texas’ experience with title insurance says, “No!” Based on an apples-to-apples comparison, Texas has the fth highest title insurance prices in the country.
Impact of a Border- Adjustment Tax on the Texas Insurance Market
Applying a destination-based cash flow tax—better known as a “border-adjustment tax,” or BAT—to the import of reinsurance would have significant effects on the cost and availability of a range of insurance products. This report projects that, for Texas consumers, the impact would be $3.39 billion in higher property-casualty insurance premiums over the next decade.