SMA Joins The Lone Star Economic Alliance  

FOR IMMEDIATE DISTRIBUTION—September 12, 2024
SMA Contact: Julie Hagen 
julie@mytexasmover.com 

AUSTIN— The Southwest Movers Association joined job creators from across the state in forming The Lone Star Economic Alliance (LSEA), a coalition dedicated to preserving the Texas economy by exposing unfair litigation practices and their impact on the businesses that fuel our economy.

"SMA is proud to be a founding member of the Lone Star Economic Alliance. By collaborating with fellow business leaders in the transportation industry and beyond, we aim to strengthen our collective voice to ensure that the abuses and unfair legal environment in Texas comes to an end," said John D. Esparza, SMA Executive Director. 

Plaintiff’s attorneys are misleading juries with exaggerated injuries and inflated medical bills, threatening to bankrupt small businesses. General liability insurance premiums are surging, with 26 consecutive quarters of increases, making insurance increasingly unaffordable for many businesses.Some employers are even facing “nuclear verdicts” exceeding $10 million. Texas has seen more of these verdicts than any other state, costing job creators over $45 billion from 2009-2023.

A report from the National Federation of Independent Business found that over a quarter of Texas business owners view liability insurance costs as a “critical problem,” ranking it among their top challenges. This issue is having a widespread impact. Hundreds of Texas employers are joining LSEA to protect their businesses from unfair courtroom tactics. To learn more or join the coalition, visit www.lonestareconomicalliance.com.