Ritonya Wilkins

High insurance premiums for the average Texas home are approaching crisis levels. Among the reasons for the dramatic surge in costs: the impact of high inflation on the pricing of building supplies and extreme climate change and weather events that are increasing in frequency and severity in Texas, as well as across the country. The state-created insurer of last resort, the Texas Fair Plan, is of very little help with its equally high premiums. What does this mean for communities across the state—and, by implication, for communities across the country—and how is it impacting the muni market?