Asbestos litigation is a nationwide phenomenon. It is important to determine the costs it has produced for the nation’s economy, and the way it has affected us all. The impact on Texas is – and will continue to be – significant, as this review demonstrates.
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...