Texas holds the sixth-highest insurance burden in the U.S., driven by rising home and auto premiums, severe weather risks, and litigation costs impacting market dynamics.

The Baptist General Convention of Texas is launching the Texas Baptists Indemnity Program to offer comprehensive, affordable property and liability insurance tailored for Texas Baptist churches, backed by regulatory approval and a $12 million reserve.

Homeowners insurance premiums in Texas have surged due to increased extreme weather events and regulatory challenges, impacting affordability and market stability.