How hurricane insurance became another taxpayer ripoff in Texas
The state’s history of strict price controls has made it the fourth most hostile environment in the nation for the insurance industry, according to a 2012 study by the free market R Street Institute. In terms of regulatory oppression, Texas beats out California, and trails just Massachusetts, New York and Florida (and how often will you see a sentence like that?). The 2011 version of the report, which just considered property insurance, ranks Texas third worst.
