The Texas economy is one of the most robust in the world. Wildly profitable companies and ingenious entrepreneurs call this state home, and what happens here influences businesses around the nation. Here’s a slice of the profits, losses, big deals, and backroom decisions happening across Texas this week.
Picking Up the Pieces
North Texas businesses are still tallying the total cost of the damage from the series of tornados that ripped through the area earlier this week. Local insurers told the Dallas Business Journal that the number of property damage claims thus far—959 homeowner claims and 3,473 auto claims as of Wednesday morning—has been lower than initially expected. “We really dodged a bullet, considering the storms,” one insurance executive told the newspaper.
The Bottom Line: One company still evaluating the extent of the damage is Schneider National, which owns the trucks that were swept up by a tornado near the corner of I-20 and I-35 East, a moment captured in some of the most memorable images from the storm. About one hundred trucks and trailers were damaged of the 450 that were on site at the time, according to the DBJ.
Healthcare Employment Takes a HIT
A report from Texas State University-San Marcos finds that the state is experiencing a major shortfall in the number of health information technology workers needed to provide sufficient patient care. The San Antonio Business Journal reported this week that “Texas will need an additional 10,000 HIT workers by 2013 to