The Texas Windstorm Insurance Association (TWIA) provides windstorm and hail coverage in the 14 coastal counties and a few other specially-designated areas. All property insurers in Texas must participate in TWIA and must help pay losses. Although TWIA was intended to provide windstorm insurance coverage only to those who could not purchase insurance in the voluntary market, it is no longer an insurer of last resort.
Southern Spirit Line: High Voltage Hype, Low Impact for Texas
The proposed Southern Spirit transmission line connecting Texas to Louisiana and Mississippi has generated a lot of headlines over the past week, with my favorite coming from the publication Electrek: “Hell froze over in Texas—the state will connect to the U.S. grid for the first time via a fed grant.” I laughed. The article fails...