What happened: Home and auto insurance rates have surged across Texas, leading to bipartisan discussions on how to tackle the growing crisis.

How we got here: Texas’ legal environment—plagued by nuclear verdicts and unnecessarily inflated settlements—has significantly contributed to rising insurance costs. 

Tell me more: Everyone is facing increasing insurance premiums, from families looking for homeowners or personal automobile coverage to small businesses looking for general liability coverage.  

In his own words: “We’re No. 1 in what we call ‘nuclear verdicts… We do need to look at lawsuit reform.” –Rich Johnson, Insurance Council of Texas

TLR Thoughts: Excessive lawsuits and inflated verdicts and settlements force insurance companies to raise premiums or leave the market altogether, leaving consumers with higher costs and fewer choices. In response to this, Texans have joined together to form the Lone Star Economic Alliance to advocate for reforms to curb litigation abuse and bring transparency to litigation. Lawmakers can restore balance to the system and ease the financial burden on Texans by passing common-sense reforms in 2025.

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