Texas has the most restrictive regulation of title rates and forms (policies) in the nation, allowing no opportunity for insurers to innovate with their products or lower rates to compete for business directly from the consumer. Texas should introduce competition into the title insurance market by moving to a file-and-use system.
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.
When I was in college, I passed the César Chávez statue every day on my walk to class at the University of Texas. Now, César Chávez is the name of the road I take to work. For years, Chávez was presented as the figurehead for Mexican Americans, a symbol we were expected to revere. But...