Video & Transcript Research : 'premium structure'
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MN
Minnesota 2025-2026 Regular Session
Committee on Rules and Administration - 06/01/26
Rules and Administration
Transcript Highlights:
- Um, are you referring to the expected health insurance premium increase that employees will be expected
- to pay, you know, their share of the premium in addition to inflation?
- the expected health insurance premium the expected health insurance premium increase<00:05:14.600
- premium in addition to inflation? premium in addition to inflation?
- duties within their caucus structures. duties within their caucus structures.
NY
Transcript Highlights:
- Governor Hochul has also proposed co-signer release timelines and structures.
- ... ...highlighting, obviously, DFS's responsibility to make sure in rate settings we keep those premiums
- But, again, balance that with consumer premiums. ...that robust competition.
- But again, balance that with consumer premiums and access.
- non-driving-related factors like a driver's zip code or a driver's credit score in order to set premiums
Summary:
The Senate Banking Committee met for its first meeting of the session, with Chair James Sanders Jr. and Ranking Member George Borrello opening the hearing and noting a collaborative approach to committee work. The committee first considered and advanced several bills: S.114, which would prohibit state-chartered banks from investing in or financing private prisons; S.2040, which would require money transmitters to provide a consumer warning; S.5473, which would require disclosures in advertisements involving virtual tokens; and S.8406, Sanders’ bill to amend the community bank deposit program. Each bill was moved and approved by committee, with S.8406 passing unanimously.
The committee then heard from Caitlin Azar, Acting Superintendent of the Department of Financial Services (DFS), who outlined her background and DFS priorities. She emphasized affordability, consumer protection, stability, and innovation, and discussed DFS-led initiatives in the governor’s budget, including Banking Development Districts, non-bank mortgage CRA regulations, CDFI investment guidance, and consumer restitution. She also said DFS plans to issue buy-now-pay-later regulations in February, expand student lending protections and borrower education, and continue work on insurance affordability, including auto and homeowners insurance reforms, anti-fraud efforts, and discounts tied to telematics, dash cameras, and safe-driving courses.
Members questioned Azar about the balance between regulation and access, especially in crypto, buy-now-pay-later, and insurance markets. She said DFS aims to preserve competition while preventing discriminatory or excessive practices, and described existing oversight of virtual currency, including coordination with federal regulators. Another member asked about AI in auto insurance underwriting and pricing; Azar said DFS requires transparency, bias review, governance controls, and consumer recourse, and that credit scores cannot be used to deny or increase rates. The chair also raised concerns about foreclosure in Southeast Queens, improving BDD paperwork and data collection, and increasing the number of state-chartered credit unions. Azar said DFS is working on process improvements, community input, and maintaining open communication with the committee, but no additional votes or formal actions were taken during the DFS hearing.
NH
New Hampshire 2026 Regular Session
House Commerce and Consumer Affairs (04/16/2026)
Commerce and Consumer Affairs
Transcript Highlights:
- insurance premiums or get non-renewed. insurance premiums or get non-renewed.
- insurance premiums. insurance premiums.
- are changing, you know, and the value that you're getting for your premium, premium, premium, um um
- their group insurance premiums. their group insurance premiums.
- from premium pressure. from premium pressure.
MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 2/13/25
Commerce Finance and Policy
Transcript Highlights:
- Fraud drives up premiums.
- Fraud drives up premiums. Fraud drives up premiums. Thank you, Mr. Chair.
- So we were one of the 17 structures before, and now we are down to 16.
- So we were one of the 17 structures before, and now we are down to 16.
- So we were one of the 17 structures before, and now we are down to 16.
NM
New Mexico 2026 Regular Session
House - Health and Human Services Feb 11th, 2026 at 08:33 am
House Health & Human Services
Transcript Highlights:
- The purpose of the memorial is to identify the best organizational structure to provide appropriate,
- The purpose of the memorial is to identify the best organizational structure to provide appropriate,
- We've had some discussions with the sponsors, and facility fees are a known cost driver for premium.
- They do increase the premium for health insurance.
- You said that the structure is already in place, so the task force is already in place?
AL
Alabama 2025 Regular Session
Alabama House County and Municipal Government Committee Feb 26th, 2025
County and Municipal Government
Transcript Highlights:
- You get a 35% discount off of your wind premium. Your wind premium is obviously much more...
- Substantial home damage, substantial structure damage, and significant residential structure damage occurred
- Twice the debris, a fraction of the number of structures damaged.
- In most occasions, I wish we had five to ten more structural engineers in the county area.
- My current premium is $1,800. If I do not recertify under the program, my insurance...
NH
New Hampshire 2025 Regular Session
House Finance Division I (02/27/2025)
Transcript Highlights:
- <00:43:00.520>
changes okay so some of the structural changes okay so some of the structural - The non-Medicare premium is $1,478.
- The non-Medicare premium is $1,478.
- <05:15:38.400>
settlements structured settlements structured settlements and<05:15:39.638> - annuities or to seek a structured annuities or to seek a structured settlement<05:16:15.520>
Summary:
The committee held a work session on the Department of Business and Economic Affairs budget, with testimony from Chase Hegman and Kathy Frederickson. Early discussion focused on staffing and vacancies, including a senior planner position tied to FEMA requirements, a program assistant funded by federal ORID dollars, a program specialist being considered for reclassification, two Housing Champions positions to be funded in the next biennium, and temporary welcome center positions. Members also reviewed the commissioner’s office, indirect cost recoveries tied to federal program administration, and the structure and staffing of rest areas and welcome centers, including the Turnpike-funded locations and seasonal staffing patterns.
Members then moved through economic development and federal grant-related accounts. Hegman explained that a large share of the agency’s funding is federal, with some programs requiring state match, including the Apex Accelerator, which supports government contracting assistance for businesses. He described Apex as a small team that helps businesses with DOD and other contracting opportunities through webinars, matchmaking, and one-on-one support. The Office of Workforce Opportunity was described as largely federally funded through Commerce-related workforce programs and subrecipients, with some general fund support for agency-wide needs. The Northern Borders Regional Commission dues and capacity grant were also discussed, with officials explaining the state’s required contribution and the federal funds used to administer the program.
A major point of discussion was the proposed reduction to the Small Business Development Center, which officials said provides one-on-one technical assistance to new and small businesses and has a strong return on investment. Members questioned the cut, the federal funding sources, and whether there was a waiting list for services; officials said they would provide more detail on matching requirements and funding. The committee also reviewed travel and tourism accounts, including the joint promotional grant program and tourism advertising funds, both of which are proposed to increase. Officials said the tourism marketing formula is based on a percentage of meals and rooms tax revenue and argued that the spending generates significant visitor spending and tax revenue, citing an outside ROI study and examples of advertising in test markets. No votes were taken during the work session.
MN
Minnesota 2025-2026 Regular Session
Task Force on Homeowners and Commercial Property Insurance 12/16/25
Minnesota House Floor Meeting
Transcript Highlights:
- up on having a couple years of premiums up on having a couple years of premiums hopefully<00:32:
- I mean, I think the premium, if I remember right, there was like a $5 million coverage and the premium
- I mean, I think the premium, if I remember right, there was like a $5 million coverage and the premium
- In that data, was there any correlation to premiums, an effect on premiums with better materials?
- <00:48:50.720>
Was premiums with better materials? Was premiums with better materials?
Summary:
The task force approved the minutes from the previous meeting and then reviewed the structure and statutory requirements for its final report. Staff explained that the report must go to the commissioners of commerce, housing finance, and economic development, as well as relevant legislative leaders, and must include a summary of task force activities, adopted findings and recommendations, tort reform recommendations to reduce insurance costs, any draft legislation, and other necessary information. A draft report, likely excluding recommendations and draft legislation, is expected to be circulated before the first January meeting.
Most of the meeting focused on the Fair Plan and whether it could be expanded to help homeowners associations, affordable housing, and common interest communities that are struggling to obtain coverage. Supporters said these groups are facing availability problems and often end up in the surplus lines market, which lacks the consumer protections of the admitted market. They argued the Fair Plan could serve as a third-market option with stronger protections and better access, especially for properties that are having difficulty getting quotes.
Several members and witnesses raised concerns that the Fair Plan was never intended to be a broad affordability solution and warned against using it to artificially lower prices below risk-based levels. They said doing so could shift losses onto other policyholders through assessments and potentially weaken the broader insurance market. The Fair Plan administrator explained that any expansion would require substantial research, staffing, actuarial and underwriting expertise, reinsurance planning, IT changes, and likely assessments or other capitalization decisions, and that the plan would need to focus on a limited subset of properties rather than the entire market. No votes were taken on policy recommendations, and the discussion ended with agreement that more information and scoping work are needed before any formal recommendation is made.
FL
Transcript Highlights:
- So we are a big state and we have a large economy, so our tax revenues and structure reflect that.
- And you'll see that if the tax structure was similar across the states, that the darker blue line, which
- Doc stamps is 70 cents for every $100 of value, and insurance premium tax is 1.75%.
- So just under 2% for tax on insurance premiums that are collected.
- The insurance premium tax negative is due to the one-year credit that we passed, which we passed in last
Summary:
The Senate Committee on Finance and Tax convened with a quorum present, heard an introductory presentation of committee staff, and then received a staff briefing from Azar Khan on Florida’s state tax structure and revenue outlook. The presentation covered fiscal year 2023-2024 revenues, noting more than $127 billion in total state revenue, with general revenue exceeding $48 billion and sales and use tax making up the largest share. It also compared Florida’s tax burden to other states, highlighted Florida’s low per-capita revenue ranking and strong business formation numbers, and reviewed major and minor revenue sources, tax rates, and the revenue estimating conference process.
Members asked about what drives revenue growth, including population, tourism, construction, and auto sales, and about Florida’s regressivity, corporate income tax participation, and investment earnings on state balances. Khan said the state’s revenue picture remains positive and stable, but that future growth is slower than during the COVID-era spike; he also explained that some negative forecast changes were tied to legislative actions such as the insurance premium tax credit, while others reflected lower tobacco consumption and severance activity. He noted that revenue and spending forecasts are separate and that budget-side growth is driving concerns raised in other state economic projections.
The committee also discussed possible tax package ideas for the upcoming session, including tax holidays and homeowner relief, but no specific proposals were acted on. The chair announced the committee would not meet the following week and that the next meeting would be in week three of February. The meeting concluded with no objections to a motion to adjourn.
FL
Florida 2026 4th Special Session
February 12, 2026 - 02:30 PM
Transcript Highlights:
- Some Mark Wickham: organizations report premiums increasing 200%.
- John Hooper: Premiums were very affordable and in 25 years of my company's existence, we had two claims
- CBCs may, and I totally say that their premiums have risen, but without clear data we cannot know that
- And even if the premiums have increased, it may reflect a reality that some of these agencies are not
- Various different ways to structure insurance products.
KY
Kentucky 2025 Regular Session
Budget Review Subcommittee on Health and Family Service (9-17-25) - Reupload
Transcript Highlights:
- Um supervised and structured uh care.
- <00:11:03.519>
care homes rely on 247 structured care homes rely on 247 structured care because - or 65 and over that we pay for their premiums.
- or 65 and over that we pay for their premiums.
- or 65 and over that we pay for their premiums.
Summary:
The Health and Family Services committee heard an informational presentation on Kentucky personal care homes from representatives of the Kentucky Association of Healthcare Facilities, Management Systems of Kentucky, and Elder Care Partners. Witnesses described personal care homes as a lower-cost, 24/7 residential option for adults, often with serious mental illness, who do not meet nursing home criteria but need structured supervision, medication assistance, meals, and daily support. They said the homes are regulated by the Cabinet for Health and Family Services, are not Medicaid-funded, and are supported largely through state supplementation payments and residents’ SSI income.
The presenters argued that the current reimbursement rate of about $50.70 per day is no longer sufficient to cover staffing, food, insurance, utilities, maintenance, and other costs, and said the sector has shrunk significantly over time. They cited figures showing a decline from 64 to 34 homes serving the seriously mentally ill since 2002, with 30 closures over 23 years, and said the loss of beds contributes to homelessness, hospital overcrowding, and longer psychiatric stays. They also gave examples of residents who had spent many months in hospitals before being successfully placed in personal care homes, which they said can prevent more costly institutional care.
Committee members asked about staffing credentials, fraud controls, referral processes, and how reimbursement works in other states. The presenters said Kentucky does not require licensed or certified staff in these facilities, though some homes use certified medication technicians or an LPN, and they described a county case-manager-based assessment process used to set individualized rates in other states such as Minnesota. Members expressed support for the work but emphasized the need for documentation of savings and budget offsets. The presenters said they are seeking an incremental reimbursement increase over two years, roughly 25% to 50% in the first year and another 50% after that, and urged the committee to support the homes to prevent further closures.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Financial Services Jun 21st, 2026 at 10:30 am
Joint Committee on Financial Services
Transcript Highlights:
- Insurance premiums rise rather dramatically.
- Others will suggest these requirements will drive up premiums. In fact, the opposite is true.
- There are lots of reasons why homeowners insurance premiums are going up.
- Yeah, I was just curious how is your fee structured, and I know everyone...
- depending on the loss ratio—that's the dollars paid out versus the premiums taken in.
Summary:
The Joint Committee on Financial Services heard testimony on a wide range of insurance-related bills, with much of the discussion focused on affordable housing insurance, homeowners insurance practices, climate resilience, and consumer protections after property losses. Senators and representatives testified in support of a resolve to create a commission on affordable housing insurance (S. 768/H. 1279), arguing that rising premiums and deductibles are threatening the viability of affordable housing properties and new development. Supporters also backed bills to establish private flood insurance standards (S. 719), create climate-resilient home retrofit grants (S. 720), expand the MVP climate resilience program (H. 1310/S. 686), and protect urban trees and limit insurer-driven tree removals (H. 1316). Several lawmakers and advocates said these measures would help reduce risk, preserve insurability, and address the effects of increasingly severe storms and flooding.
The committee also heard testimony on bills addressing insurer use of aerial imagery (H. 1242/H. 2142) and notice periods for nonrenewals or repairs (H. 4042 and related measures). Supporters said insurers should be allowed to use drones and satellite images but with stronger guardrails, including current photos, disclosure of risk factors, an appeals process, and time to cure defects. They argued that homeowners are sometimes blindsided by nonrenewals based on inaccurate aerial photos or given too little time to make repairs. Opponents from the insurance industry said aerial imagery is already regulated by the Division of Insurance, that additional statutory requirements could create confusion and litigation, and that existing notice rules already provide 45 days for nonrenewals and 60-day limits on cancellations. Industry witnesses also warned that some proposed timelines conflict with current law and could restrict useful underwriting tools.
Another major topic was H. 1077, which would restrict solicitation by restoration companies and public adjusters at fire scenes. A homeowner described being approached immediately after a house fire by restoration and public-adjuster representatives and said the experience was intrusive and overwhelming; supporters said homeowners need time and space to make informed decisions after a disaster. Public adjusters and restoration contractors opposed the bill, saying they provide needed guidance, emergency mitigation, and claims assistance when homeowners are under stress, and that some existing protections already allow consumers to cancel contracts. The hearing ended after all listed witnesses testified, and the committee voted to close the hearing; no bill dispositions were taken during the session.
NM
Transcript Highlights:
- So the structure of the statute is just off, and it's really A structural issue with the degrees of how
- This is about lowering premiums.
- It will affect the premiums.
- That if we do that premiums will go down because the premiums started going up a couple of years ago,
- That's not why premiums went up. If that was true, then I'll also note, Mr.
FL
Florida 2025 Regular Session
Appropriations Committee on Agriculture, Environment, and General Government Feb 5th, 2025
Transcript Highlights:
- THIS PROGRAM IS TIED TO WHAT IS THE PHYSICAL STRUCTURE INSURED AT.
- IN TERMS OF THE EFFECT ON PREMIUM DISCOUNTS, THAT WAS JULY 1.
- SINCE THE NOVEMBER 20 TODAY. 25% HAVE SEEN A PREMIUM REDUCTION.
- OTHERS SAW SOME INCREASES AND YOU WILL SEE AT THE BOTTOM THERE IS A NO PREMIUM INFORMATION.
- THIS TAKES THAT SCREENING OUTSIDE OF THE PHYSICAL STRUCTURE OF THE BUILDING.
NV
Nevada 2025 Regular Session
Assembly Committee on Commerce and Labor May 31st, 2025 at 11:30 pm
Commerce and Labor
Transcript Highlights:
- Senate Bill 316 brings the payment model back to its original structure, which will allow PBMs to still
- Currently the way our structure is set up, not only in statute but also is that when it comes to this
- Currently the way our structure is set up in not only in statute but also is, is that structure is set
- And so there's no duty to a patient to make sure that it is actually driving down insurance premiums
- Consumers will face a higher premium and cost sharing.
Keywords:
public employees, police officers, benefits, appropriation, law enforcement, medical debt, collection agency, healthcare, consumer protection, financial assistance, occupational safety, air quality, greenhouse gases, employee monitoring, safety program, hemp, hemp products, cannabidiol, CBD, cannabis
NM
New Mexico 2026 Regular Session
IC - Legislative Education Study May 1st, 2026
Transcript Highlights:
- It just happens by the way the funding structure works.
- So building in structure so those leaders have support is huge.
- at, as opposed to trying to get them to fit into a structure that we've done for a hundred years.
- The increase of 1% for them would have actually been a pay decrease because their premiums for health
- And So you see, if premiums go up 10%, you also funded an additional 40 plus for that, right?
FL
Florida 2025 Regular Session
February 4, 2025 - 12:30 PM
Transcript Highlights:
- is more than 20% higher than the premium that Citizens would offer.
- You know, what effect will they have on the premiums? Mr. Cyril, you're recognized.
- It certainly helps, it certainly helps with premiums. It helps with rate need.
- It certainly helps, it certainly helps with premiums. It helps with rate need.
- Premium, which you talked about a little bit last time.
Summary:
The Insurance and Banking Subcommittee received a lengthy presentation from Citizens Property Insurance Corporation CEO Tim Serio, with Insurance Commissioner Michael Yaworski also answering questions. Serio reviewed Citizens’ role as Florida’s insurer of last resort, its statutory funding structure, eligibility rules, depopulation program, reinsurance obligations, and the surcharge/emergency assessment mechanisms that can be used if Citizens runs a deficit. He emphasized that recent legislative reforms, combined with lower litigation and improved market conditions, have helped the private market recover and reduced Citizens’ policy count from a peak of about 1.41 million in 2023 to 936,182 at the end of 2024, with a projected drop to about 771,000 by the end of 2025. He also said the reforms reduced Citizens’ rate need and helped avoid an emergency assessment after the 2024 storms.
Members asked about Citizens’ rate increases, why Citizens still seeks higher rates despite lower litigation, how the 20% eligibility threshold works, whether Citizens should be wind-only, and whether the state or federal government could help with deficits. Serio explained that Citizens is still charging below actuarially sound rates in most areas, that rate filings reflect reduced litigation and lower reinsurance exposure, and that assessments on all Florida property policyholders are the reason Citizens tries to build surplus and depopulate. He said the depopulation program is working better than in the past, with less than 2% of takeout policies returning to Citizens, and that the Office of Insurance Regulation has been vetting takeout companies more carefully.
A substantial portion of the discussion focused on claims handling after Debby, Helene, and Milton, including flood-versus-wind disputes and Citizens’ use of the Division of Administrative Hearings for some claim disputes. Serio said Citizens had received 76,625 claims from the three storms and had paid nearly $823 million in indemnity and expenses as of January 7, 2025. He said many closed-without-payment claims were either below deductible, withdrawn, duplicate, or flood-only, and that Citizens had asked its internal audit function to independently review the claims data and denials. He also described Citizens’ storm outreach, catastrophe response centers, managed-repair program, and claim review process, and said the corporation remains focused on paying valid claims while minimizing the risk of assessments on the broader Florida market.
MN
Transcript Highlights:
- without insurance are less than an auto insurance premium.
- are less than an auto insurance premium are less than an auto insurance premium there<00:03:56.280
- That reinsurance model keeping our premiums down.
- <01:06:26.000>
and the work on insurance premiums and the work on insurance premiums and fairness - You get a permit per structure.
NM
New Mexico 2025 Regular Session
IC - Courts, Corrections and Justice Nov 6th, 2025
Courts, Corrections & Justice Committee
Transcript Highlights:
- So, why this huge increase in premiums?
- For that $250,000 in premium, and they would pay the PCF, which is also a premium.
- Insurance premiums, generally speaking, if this is the root of our problems, the actual cost of premiums
- Haskin, do we have specific statistical data comparing premiums for insurance in 2021 versus premiums
- And it does have something to do with these premium rates.
MN
Minnesota 2025 1st Special Session
Task Force on Homeowners and Commercial Property Insurance 10/1/25
Minnesota House Floor Meeting
Transcript Highlights:
- companies post information about premium companies post information about premium discounts,<00:
- discounts, incentives, or other premium discounts, incentives, or other premium adjustments<00:30
- regulations about premium increases. regulations about premium increases.
- adjust your your your premium adjust your your your premium accordingly.<00:49:32.400>
So, - 16.800>
to <00:50:16.960>that increasing premiums to get to that increasing premiums to - 16.800>