Group: Billboard lawyers, nuclear verdicts drive up premiums

From freezes to hurricanes, Texas has no shortage of natural disasters. And depending on which group you ask, it’s either inflation, strong storms and lawsuit abuse or a focus on profits driving up the cost of home insurance for Lone Star residents.

Late last year, Unlocking America’s Future released a report entitled, “Texas’s Insurance Crisis: How Homeowners Pay More For Less While Insurers Profit.”

The report claims premiums have skyrocketed by 55 percent since 2019 because of a law enacted two years earlier that “gutted homeowners’ ability to challenge wrongful claim denials.”

“Texas politicians and regulators have done little to help policyholders in the Lone Star State, instead focusing on insurance companies’ bottomlines and profits,” the report states. “Texas policies have created a system in which private insurers extract profits ...