Video & Transcript : 'Alabama Department of Insurance' :

Page 272 of 500
KY
Transcript Highlights:
  • c> funds</c><00:05:08.760><c> are</c> uh three of the five insurance funds are uh three of the five insurance
  • And SEEK, you know, that's of course the Department of Education.
  • And SEEK, you know, that's of course the Department of Education.
  • c> the</c><00:57:29.960><c> Department</c><00:57:30.240><c> of</c> that's of course the Department of
  • </c><01:20:37.920><c> of</c> have to defer to the Department of have to defer to the Department of Education
Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.
TX

Texas 89th 2nd C.S.

Criminal Jurisprudence Mar 11th, 2025

Criminal Jurisprudence

Transcript Highlights:
  • Supportive of a, a narrower bill that deals with, um, The use of or theft of a firearm in the course
  • So he, uh, he has an understanding of, of these issues that many of us don't have. Uh, Mr.
  • , of the offense of what they're really doing.
  • a bifurcated class of, of these type of perpetrators.
  • They were doing stuff and of course a lot of times the kids, this wasn't my case, but a lot of times
Bills: HB268 , HB305 , HB307
KY
Transcript Highlights:
  • insurance trust fund, and the same would be true of other employer contributions.
  • Chevron or the board of an insurance company or something like that. advisor and any other type of financial
  • Chevron or the board of an insurance company or something like that.
  • ><c> uh</c><00:24:45.279><c> an</c><00:24:45.440><c> insurance</c> Chevron or the board of uh an insurance
  • Chevron or the board of uh an insurance company<00:24:46.240><c> or</c><00:24:46.399><c> something</
Summary: The committee first approved the minutes from its January 27 meeting and then took up House Bill 694, which would create a default rule for the Teachers’ Retirement System health insurance trust fund once it reaches 100% funding, currently anticipated around 2027. The bill would redirect two funding streams now going to the health trust—state payments on behalf of local districts and other employer contributions—into TRS pension benefits if the health fund reaches and maintains full funding. The sponsor said this would add about $154 million annually to TRS pensions and would only serve as a default if no other plan is adopted later. Members asked whether the bill would shift the unfunded liability to teachers or affect employee contributions. The sponsor and staff said it would not shift liability to teachers and would not change the employee contribution; only the employer-side payments would be redirected. Several members asked about the meaning of actuarial 100% funding, whether the fund could fall back below 100%, and whether employee contributions might be reduced in the future. The sponsor said the bill is based on actuarial projections, would revert the money back to the health trust if funding fell below 100%, and does not prevent future legislative or board action. Senator Higdon and others spoke in support of discussing the issue, noting the 2010 shared-responsibility changes and the need for a default approach as full funding is reached. The committee then heard Senate Bill 183, which would amend Kentucky law governing proxy advisers used by retirement systems. The sponsor said the bill would require proxy advisers, when handling shareholder-sponsored proposals, to act solely in the interest of retirement system members and beneficiaries and to provide an economic analysis when voting against a company board’s recommendation. He argued the measure is aimed at proxy advisers such as ISS and Glass Lewis, which he said often advance ESG-related proposals not tied to shareholder value. A guest from APCIA said the bill is meant to distinguish proxy advisers from investment managers and to strengthen the 2023 law by requiring a clearer economic justification for votes that depart from board recommendations. Members asked how proxy advisers differ from other financial advisers, whether Kentucky uses them, and whether the bill would prevent pension funds from investing in companies with ESG factors if those investments are profitable. The sponsor and guest said the bill would not bar such investments; it is intended to regulate proxy voting recommendations, not investment decisions. They described the bill as a proactive measure to reinforce fiduciary responsibility and limit outside proxy influence on pension voting. No final vote on either bill was taken in the portion of the meeting provided.
FL

Florida 2025 Regular Session

Education Pre-K - 12 Feb 4th, 2025

Transcript Highlights:
  • We are a bridge with partnerships with the Florida Department of Education.
  • Half of the largest employer. Holmes County is the Department of Corrections.
  • Why don't we put the school systems on the state insurance of the insurance cobb of have that.
  • Explain to me the call will ruin your insurance plan just because of the number of people in people that
  • insurance in Georgia or Alabama than you can in Florida.
Keywords: 999, senate, all
US
Transcript Highlights:
  • Department of Agriculture. This one is a no-brainer.
  • And so she brings first... ...of the often difficult realities of farm life into the Department of Agriculture
  • I believe that's one of the 16 nutrition programs under the purview of the United States Department of
  • of Homeland Security and the Department of Agriculture.
  • of the Committee, who are members of the Appropriations Committee for the Department of Agriculture.
AL

Alabama 2026 Regular Session

Alabama Senate Mar 5th, 2026

Alabama Senate Floor Meeting

Transcript Highlights:
  • The Senate confirm Bonnie Stalworth to the University of South Alabama Board of Trustees using previous
  • The Boys and Girls Club of Alabama, if y'all could please stand. Welcome to the Alabama Senate.
  • Be it resolved by the Senate of the Legislature of Alabama that immediately upon the adoption of this
  • ><c> of</c><00:42:32.240><c> Alabama</c><00:42:32.640><c> that</c> of the Legislature of Alabama that
  • Of course, Alabama is growing, right?
Keywords: 920, all
Summary: The Alabama Senate convened with prayer, the pledge, and a quorum present, then approved the prior journal and allowed bills and committee reports to be introduced throughout the day. The chamber received multiple committee reports, including favorable reports on several finance and taxation bills, confirmations, local bills, and a series of resolutions. The Senate also confirmed several appointments to higher education and university boards, including Nicholas J. Balden, Jennifer Wit, Ronnie Stalworth, and Rex Reynolds, using long or previous roll calls as applicable. The Senate adopted a special order calendar that set up floor consideration of several bills, including measures on physician assistants, seafood/aquaculture, motor vehicles, campaign practices, property insurance and energy reduction, child custody, and school bus drivers. During debate on the special order calendar, Senator Smitherman raised concern that no bills on the calendar were sponsored by minority members, noting a prior understanding that minority-sponsored bills should be represented; Senator Wagner responded that the calendar was prepared based on legislation rather than sponsor party, and the exchange ended with an agreement to continue moving forward. The Senate then adopted the special order calendar and began taking up the listed bills. On the special order calendar, the Senate advanced House Bill 156 on physician assistant compacts, House Bill 277 on seafood/aquaculture tastings, and House Bill 42 on motor vehicles, with supporters describing each as consumer-friendly or supportive of industry. The chamber also considered local legislation, including bills for Madison, Tallapoosa, and Shelby counties; House Bill 337 for Madison County was amended and carried over, while House Bills 490, 491, and 493 passed after roll-call votes. Throughout the meeting, the Senate also adopted several commendatory and memorial resolutions, including measures honoring individuals, recognizing organizations and events, and naming a highway, with most adopted by voice vote and no recorded opposition.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/17/26

Taxes

Transcript Highlights:
  • </c> the Department of Revenue. And Mr. the Department of Revenue. And Mr.
  • He said they need to get this taken care of because, rather than sending it to the Department of Revenue
  • uh because rather than sending care of uh because rather than sending department<00:23:43.919><c> of
  • of revenue who we love dearly department of revenue who we love dearly I'd<00:23:45.440><c> rather</
  • </c> insurance is a driver of that statistic. insurance is a driver of that statistic.
Bills: HF238 , HF3381 , HF3754 , HF1049
Committee: House Taxes
NM

New Mexico 2026 Regular Session

Senate Chamber Feb 18th, 2026

New Mexico Senate Floor Meeting

Transcript Highlights:
  • And to thank the Las Cruces Police Department Chief Jeremy Story, who's been kind of with me on this
  • Where it's telling EIB or the Environment Department to do something that's outside of that protection
  • What the memorial is asking is the Department of Health to convene a statewide youth violence summit
  • This memorial requests that the New Mexico Department of Health conduct a formal study to evaluate the
  • This is a memorial to urge several state departments here in New Mexico to promote the expansion of the
Bills: SB241
Summary: The Senate began by outlining the day’s agenda, then received several House messages, including the House’s request for concurrence on Senate Bill 151 and notice that the House had concurred in Senate amendments to House Bills 2, 3, and 70. The Senate also received enrolled bills SB 64 and SB 101, and later adopted committee reports on House Bill 120 and SB 64. The chamber then took up concurrence on SB 151, a tax package that the House amended to remove the gross receipts tax provision for medical supplies, add a 1% salary increase for state employees, higher education, and public schools, extend a high-wage job tax credit, and add sunsets. Senator Hamblen supported concurrence as a friendly amendment, while Senator Cervantes argued the House changes transformed the bill into an unconstitutional appropriations measure and urged a conference committee. The Senate nevertheless concurred, 22-14. On third reading, the Senate passed House Bill 61, which increases the penalty for aggravated battery on a peace officer from a third-degree to a second-degree felony to align with other sentencing provisions. Supporters, including Senator Cervantes, cited consistency in the criminal code and noted the Sentencing Commission’s endorsement; the bill passed 37-0. The Senate also passed House Joint Memorial 3, directing the Environment Department to convene stakeholders and report on implementation of the PFAS Protection Act, despite a brief exchange over whether the memorial could be read as expanding authority under the existing PFAS law; it passed 22-13. The chamber then passed several memorials: Senate Memorial 20, amended to include youth and family voices and legislative appointees in a statewide youth violence summit, passed 35-0; Senate Memorial 21, calling for a study of a statewide overdose prevention program, passed 35-0; Senate Memorial 22, which asks the Legislative Finance Committee to convene a working group on domestic violence funding and CYFD-related funding flows, passed; and Senate Memorial 27, urging expansion of the Radiation Exposure Act to compensate New Mexicans affected by atomic testing and uranium mining, passed 34-0. At the end of the session, the Senate received a governor’s message authorizing consideration of SB 74 on cockfighting penalties, followed by a playful Senate response message. The body also agreed to move House Joint Memorial 2 from Rules to the President’s table and then recessed until 8:30 a.m. the next day.
LA

Louisiana 2026 Regular Session

Retirement Mar 26th, 2026

Retirement

Transcript Highlights:
  • of them...
  • If you didn't have teacher insurance, you can't get it once you retire. So that's all part of that.
  • Plus, I don't... bought an insurance company. So it's a little of a misnomer, I think.
  • of 2%.
  • The fire chiefs represent every member of their department.
Committee: House Retirement
Keywords: 965, house, all
LA

Louisiana 2026 Regular Session

Commerce May 18th, 2026

Commerce

Transcript Highlights:
  • some kind of coding error or one of those things.
  • Of this year. Of this year.
  • So when are those funds, when do we have to spend all of the gumbo one of point of funds?
  • Is 20 feet of damage here going to be the equivalent cost? ...of 20 feet of damage there?
  • Thank you very much for many years of helping all of us, all of you on this.
Committee: House Commerce
TX

Texas 89th Regular

Criminal Jurisprudence Apr 29th, 2025

Criminal Jurisprudence

Transcript Highlights:
  • of several things.
  • Department of Health and Human Services, there is no way that we can be sure that this is the right approach
  • expunction to various entities such as law enforcement, court officials, and the Department of Public
  • In addition, we're also reducing the number of agencies because some petitioners will list six departments
  • of basically the policies that the Houston Police Department and a bunch of other major police departments
TX

Texas 89th Regular

Criminal Jurisprudence Apr 29th, 2025

Criminal Jurisprudence

Transcript Highlights:
  • So the court interest findings of fact and conclusions of law goes up to the court of appeals.
  • of a crime.
  • fact and conclusions of law in a reasonable period of time after the granting of the mistrial.
  • of Texas.
  • of Texas.
TX
Transcript Highlights:
  • What the bill would do is direct the Department of State Health Services and local clerks to issue, upon
  • Of those 200, we have helped 125 of them get copies of their birth certificates and their IDs.
  • This bill would direct the Department of Health and Human Services to develop a process in order to verify
  • This is not a situation that's unique to Texas; nationwide, Congress and the Department of Justice have
  • The names, there was a true interpretation off of it, off of what was printed in terms of who they had