While the Texas Windstorm Insurance Association (TWIA) may have been intended as a residual provider, it has become anything but that. Its unrealistically low rates have made TWIA an unbeatable competitor and are crowding out the private market.
Keeping Politics Out of State Pensions: A Multi-State Survey of Proxy Voting Practices
State pensions, including Texas, have been influenced by the wave of political activism within the finance industry and need to develop tools to ensure they stop supporting such activism. Key points – Consolidation in the finance industry has enabled progressive political activists to coopt the industry to advance their agenda on issues ranging from climate...