‘Nuclear Verdicts’ Sink Small Businesses
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.
Texas on verge of fixing lawsuit climate to protect its competitive edge
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.
Erling President on tort reform: ‘Texans deserve a fair legal system that protects real victims’
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 bill takes aim at inflated medical damages
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.
WTAS: Witnesses Reveal Widespread And Systemic Lawsuit Abuse In Marathon Texas Senate Hearing
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
Everything’s Bigger in Texas—Including the Cost of ‘Nuclear Verdicts’
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.
Lawsuits Take Toll On Texas: Texans pay $1,725 more for goods and services every year in a lawsuit tax- higher than national average
Texans pay an average of $1,725 more for goods and services every year as the cost of lawsuits and massive court awards are passed on to consumers.
Jenkins: Lawsuit Abuse is Driving Up Costs for All of Us
Small businesses and consumers pay a big price due to lawsuit abuse says Bobby Jenkins, president and CEO of ABC Home & Commercial Services in Austin.
Small business is the heart of Texas’ economy. Overregulation is the heart attack
Dallas Morning News published an editorial applauding Governor Greg Abbott’s new Small Business Freedom Council.