As executives of companies headquartered in Texas, we've had front row seats to our state’s remarkable economic success story. With the world's eighth-largest economy, Texas has become a magnet for businesses seeking growth, opportunity and common-sense governance. But there's a serious threat to the Lone Star State’s continued prosperity: our deteriorating legal climate. The good news? We're on the cusp of meaningful reform that will protect Texas' position as America's best state for business.

Dave Embertson, president of Erling, has expressed concerns over Texas' legal system, which he claims forces insurers into large settlements. This situation, according to Embertson, results in increased consumer prices and poses a threat to small businesses. He argues that tort reform is urgently needed.

Texas’ reputation for doling out nuclear verdicts may fizzle somewhat if Senate Bill 30 is enacted – a piece of legislation aimed at letting the air out of inflated medical damages.

On Monday, the Texas Senate held a legislative hearing on SB 30, Sen. Charles Schwertner’s lawsuit abuse reform bill. Throughout the all-day hearing, witness after witness came forward to tell their own personal stories and firsthand experience of lawsuit abuse in Texas

Two bills introduced in the 89th Texas Legislature aim to reform lawsuits, and address what critics say are nuclear verdicts—the cost of which businesses pass on to consumers.