Occupational licensing hinders individuals attempting to work in their chosen field, often with little benefit to the public. Key points – Occupational licenses should only be required where there is a clear and convincing need to protect the health and safety of the public and the license is reasonably expected to achieve that protection. –...
Texas is woefully unprepared for a national emergency that would overwhelm the federal government’s response. A modest effort now could save thousands of lives in a future disaster. Key points – The federal government has abdicated its civil defense responsibilities—Texas should fill the gap. – In the event of a major war or significant natural...
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.