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Texas has the most severe weather in the country - but severity is only part of the story. Texas disasters come from a wide variety of events that are all too frequent (in fact Texas has exposure to nine different types of natural disasters – the most among any state in the country).
In terms of profit and loss, homeowners insurance in Texas has been a very difficult business, with insurers incurring loss (not making profit) both in the preceding year and over time. Because of the large loss risk in Texas, it is critical to provide a regulatory structure that encourages companies to do business here.