Category: Business & Economy
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More Californians and Floridians Are Moving to Texas — and the Trend Still Favors the Lone Star State
Texas is experiencing a significant net inflow of residents, particularly from California and Florida, as highlighted by recent migration data. Factors such as no state income tax, job opportunities, and housing availability contribute to Texas’s appeal. Despite a cooling housing market, the state remains attractive for those seeking economic opportunities.
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Oklahoma Targets State Farm With RICO Allegations — A High-Stakes Test for Insurance, Oversight, and Market Stability
Oklahoma Attorney General Gentner Drummond has intervened in a dispute with State Farm, alleging systematic underpayment of hail damage claims under the “Hail Focus Initiative.” The case, citing racketeering laws, raises questions about state insurance regulation amidst soaring premiums and ongoing litigation. The outcome could significantly impact Oklahoma’s insurance market.
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$2.1 Billion Data Center Planned for North Fort Worth Highlights Texas’ Pro-Growth Strategy—And the Trade-Offs That Come With It
A $2.1 billion hyperscale data center campus by ACS Group is planned in north Fort Worth, raising economic potential and scrutiny. While proponents cite job creation and tax revenue, critics question corporate incentives and job-to-investment ratios. The project reflects Texas’ competition for tech investments amidst broader national trends and local infrastructure discussions.
Texas Bay News 