– FAST FACT –
Texas is the ONLY state in the country that ranks 8 on a 1-to-8 low-to-high-risk scale.
“High risk”: The state could experience up to nine different natural events at disastrous levels.
Texas insurers continue to prepare for unpredictable weather losses. During “good weather” years with fewer claims, insurers reserve consumer premiums to prepare for future catastrophes. What some see as “profits” can be quickly wiped out, and the state’s entire insurance system destabilized.