On June 26, 2009, the U.S. House of Representatives passed the 1,480 page American Clean Energy and Security Act (ACES). The U.S. Senate plans to consider this bill as early as October. As the nation’s leading energy producer, Texas would be more severely impacted by this bill’s aggressive carbon caps and new federal energy mandates than any other state.
TWIA’s Expanding Reach Raises Fresh Concerns
TWIA has become the leading wind and hail insurer in the catastrophe area. Its position has direct and indirect consequences for Texans statewide. Key points: Since 2020, TWIA has steadily increased its market share in the catastrophe area, raising concerns about scope and cost. TWIA’s quasi-governmental model imposes potential costs on statewide policyholders and private...