Money from the federal government is often thought of as “free,” but, nothing could be further from the truth. The prevalence of federal funds has been shown to adversely affect a state’s economy, increase state government spending, and lead to a decline in state tax revenues.
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...