The Texas Title Insurance Monopoly

HB 4239 & SB 2203: The Texas Title Insurance Monopoly

Testimony on HB 4239 and SB 2203 by Bill Peacock

Heavy title insurance regulation means consumers pay more

Texas has become the nation's economic engine in large part because we have allowed competition to bring lower prices and better products in markets such as telecommunications, electricity and oil and gas. Title insurance should be no different.

Impact of a Border- Adjustment Tax on the Texas Insurance Market

Applying a destination-based cash flow tax—better known as a “border-adjustment tax,” or BAT—to the import of reinsurance would have significant effects on the cost and availability of a range of insurance products. This report projects that, for Texas consumers, the impact would be $3.39 billion in higher property-casualty insurance premiums over the next decade.