Texas has the eighth largest economy in the world and more Fortune 500 companies than any other state, but this has not happened by accident. It’s the result of hard work by volunteers from around the state and smart policy choices by our leadership and Legislature, including embracing tort reform 30 years ago.
The biggest threat to many Texas businesses today? Abusive lawsuits targeting commercial vehicle fleets. Texas has seen a 118 percent increase in motor vehicle lawsuits since 2008, with one in ten crashes resulting in a lawsuit in 2019. And any vehicle with a company logo is a target.
“Improving our legal system starts with ensuring we elect competent and impartial judges to apply our laws and Constitution as written, without legislating from the bench.” —Gov. Greg Abbott
Specialized business courts like the Delaware Court of Chancery can be an important addition to a state’s economic foundation. These courts quickly and expertly handle complex business litigation, freeing up other courts to handle other types of cases.
