Homeowners typically pay $2,300 a year for a Texas Windstorm Insurance Association policy. The rate increase would bump premiums by 10%.
Economy
Get the latest on jobs, business, growth, and policy shaping the state’s economy with in-depth reporting from The Texas Tribune.
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LGBTQ+ Texans
Texas city strips funding for monthly art event over drag show
The arts center that organizes the monthly art walk, which draws 20,000 to downtown Lubbock, said the drag show happened at an off-site location and had no association with it.
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Economy
Texas is once more flirting with expanding passenger rail
The state’s booming population, congestion problems and billions of federal dollars on the table have officials eyeing ways to boost passenger rail.
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Broken Pipes
After three citywide water outages, Odessa will invest $25 million to fix infrastructure
The Odessa City Council approved the budget to replace nearly 200 water valves and 17,000 feet of pipe.
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Economy
Elon Musk says he’ll move X and SpaceX to Texas
Musk said he decided to move his companies from California after Gov. Gavin Newsom signed several laws expanding protections for LGBTQ+ students.
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Hurricane Beryl
Beryl power outage updates: More than 98,000 Texas electricity customers remain without power a week after Beryl
Tens of thousands of households and businesses aren’t expected to have electricity for most of this week.
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Hurricane Beryl
Houston property insurance is already expensive. Hurricane Beryl will make it worse.
Insurance researchers and analysts expect insurers will continue raising already high premiums — and become more selective with what type of damage they cover.
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Economy
Just as the temperature climbs, Texas towns are closing public pools to cut costs
Advocates say public pools are necessary community infrastructure and save lives. Splash pads have become a more affordable option.
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Hurricane Beryl
Millions of Texans face third day without power in summer heat
Power companies and Texas officials say restoration efforts could take days. Experts say Texans without electricity are facing a dangerous situation.
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Economy
Rio Grande Valley leaders hope to rebrand region as “RioPlex” to attract investment
After years of competing with each other for new businesses, Valley cities want to present a united front to highlight the region’s assets.