Video & Transcript Research : 'replacement'
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CA
California 2025-2026 Regular Session
Assembly Environmental Safety and Toxic Materials Committee Apr 8th, 2025
Transcript Highlights:
- We experienced $8.5 million in equipment replacement costs.
- So this has a rechargeable battery and then pods that you replace.
- Antimony trioxide has been banned from new types of upholstered furniture, replacement components of
- They will be exempt from penalties while they work to replace their tank. ...on their control.
- They will be exempt from penalties while they work to replace their tanks.
Summary:
The committee heard several environmental and consumer-safety bills. AB 405, the Fashion Act, would require fashion companies to disclose and manage toxic chemicals in their supply chains; supporters said it would reduce worker and consumer exposure and align with existing industry frameworks, while retailers and business groups argued it would duplicate existing laws and raise costs. After questions about DTSC workload, international standards, and affordability, the bill was moved on a due-pass-as-amended motion to Natural Resources and held on call with three votes. AB 762 would ban the sale and distribution of disposable vape devices; supporters emphasized battery-fire risks, recycling contamination, and waste impacts, while cannabis and convenience-store interests warned it would push consumers to illicit markets and harm legal businesses. The bill passed on a due-pass motion to Business and Professions with three votes and was held on call.
The committee also adopted the consent calendar with six votes. AB 794 would direct California to keep in place the federal PFAS drinking-water standard if federal protections are weakened, with supporters citing health risks and the need for certainty, and water agencies opposing the emergency-rulemaking authority and potential costs. Members debated whether the bill was too broad and whether federal funds would cover implementation; the bill passed on a due-pass-as-amended motion to Appropriations with four votes and was held open. AB 1148, the Safer Food Packaging Act, would restrict certain chemicals in food packaging; supporters cited cancer and reproductive-health concerns, while chemical, beverage, and manufacturing groups argued the bill should go through existing regulatory processes and that some chemicals lacked feasible alternatives. The author said she would remove antimony trioxide later in the process after hearing opposition concerns; the bill passed on a due-pass motion to Judiciary with four votes and was held open.
Finally, AB 1338 would allow local air districts to recover costs for implementing fence-line air monitoring at metal shredding facilities, building on prior legislation and local air district efforts in AB 617 communities. The author said the bill would preserve local control and improve efficiency, and the South Coast Air Quality Management District testified in support. The transcript ends as the district witness begins testimony, with no vote yet taken on AB 1338.
NM
Transcript Highlights:
- We're seeing aging infrastructure replacements, leaking lines being replaced, that sort of thing.
- Madam Chair, Senator, there may be one or two lead replacement lines, but no.
- It applies only to new installations of lighting and to replacements of existing lighting.
- It says as of July 1st, However, when existing lighting fixtures are replaced, their replacements are
- Nothing, none of this; it's a mechanical product. wears out, and it will require replacement.
NH
New Hampshire 2025 Regular Session
House Criminal Justice and Public Safety (10/22/2025)
Criminal Justice and Public Safety
Transcript Highlights:
- We have a replacement clerk. >> Stman, are you replacing our clerk, Alexander Murray? Okay.
- So this is a replace-all amendment that, um, however, it's obviously very, very gerine a replace-all
- replace all amendment. replace all amendment.
- ><03:43:28.080>
um <03:43:28.800>however replace all amendment that um however replace - replace all amendment. Yes. replace all amendment. Yes.
NE
Nebraska 2025-2026 Regular Session
Health and Human Services Committee - Room 1510 Jun 30th, 2026 at 02:00 pm
Transcript Highlights:
- It's going to require water main replacement, sewer main replacement, fire panel replacement, about $2.6
- We also are needing to replace gas lines.
- We are having to replace roofs, and air conditioner replacement is also another change that we need to
- You need to replace it at that point. It talks about some HVAC repairs.
- “It’s more than six decades old and is in need of repair or replacement, and that’s high.
Summary:
The Health and Human Services Committee held an invited-testimony hearing on LR 425, which examines the Whitehall campus in Lincoln and possible long-term options for youth currently served there. Chair Brian Hardin explained that Whitehall houses two separate programs for adolescent males: a substance use program and a youth-who-sexually-harm program. Testimony from DHHS officials described Whitehall as a Joint Commission-accredited psychiatric residential treatment facility (PRTF) that provides about 40 hours of weekly programming, family involvement, school services, and community reintegration activities. Officials said the department is evaluating whether the programs should remain at Whitehall or move to another state-owned facility, with Hastings described as the department’s preferred alternative because it is more residential in design than a youth rehabilitation treatment center (YRTC).
AL
Alabama 2026 1st Special Session
Alabama House Education Policy Committee Feb 4th, 2026
Education Policy
Transcript Highlights:
- So you could replace one math or one science, and now one career tech class as well, and so trying to
- If you just keep on going to lines 133 through 137, it can actually replace one of those. >> Yeah.
- <00:13:45.120>
so <00:13:45.360>you <00:13:45.519>could <00:13:45.760>replace - one math or or and so you could replace one math or one<00:13:47.120>
science <00:13:47.760> can actually replace one of those. can actually replace one of those.
KY
Kentucky 2026 Regular Session
House Standing Committee on Natural Resources and Energy. (1-29-26)
Natural Resources & Energy
Transcript Highlights:
- That's one of the goals of Senate Bill 4, is that you identify specifically the replacement power that
- you're going to be bringing online to replace it.
- asset, but they're also replacement asset, but they're also paying<00:12:30.480>
for <00:12:30.560 - <00:19:33.039>
power <00:19:34.160>and <00:19:34.640>we've <00:19:35.360>replaced - <00:19:35.760>
that base load power and we've replaced that base load power and we've replaced
Keywords:
Meeting Start 00:00
Attendance Roll Call 00:02
HB 398 Discussion 01:01
HB 398 Roll Call Vote 16:09
Chair Comments 18:05, 958, all
Summary:
The committee heard House Bill 398, sponsored by Rep. Wade Williams, with testimony from David Samford of East Kentucky Power Cooperative. The bill would amend KRS 278.264, the Senate Bill 4 statute, to clarify that it governs retirement of fossil fuel plants and not the recovery of associated decommissioning costs. Supporters said the measure would restore the Public Service Commission’s discretion to spread decommissioning costs over the life of a plant, consistent with traditional ratemaking, and avoid large rate spikes when plants are retired.
Testimony focused on ratemaking principles such as cost causation and matching, with the witnesses arguing that customers should pay costs as they are incurred rather than face a large “sticker shock” charge at the end of a plant’s life. Members asked about possible double charges, environmental surcharges, fuel adjustment clauses, and what happens if a planned retirement is delayed or canceled. The witnesses said the bill is intended to prevent double exposure and that rates would be revisited in future base rate cases as assumptions change.
During roll call, most members voted yes, while Rep. Fugate passed and explained concern about high electric bills and prior lump-sum charges in his area, and Rep. Watkins voted no, saying he needed more information on long-term affordability. The committee reported the bill out favorably, with the chair stating it should pass on the floor.
FL
Florida 2026 Regular Session
Appropriations Committee on Criminal and Civil Justice Oct 15th, 2025
Appropriations Committee on Criminal and Civil Justice
Transcript Highlights:
- The Supreme Court has one issue, which is non-recurring dollars: $1 million non-recurring to replace
- So this request would be to replace those three elevators.
- And then, let's see, here we go, Medicaid Fraud Control Unit, vehicle replacement.
- We are running into an issue of needing to replace our vehicles, so we're just trying to kind of look
- Replacement of motor vehicles: $10 million in motor vehicles.
Summary:
The committee met to hear fiscal year 2026-2027 legislative budget requests from several justice-related agencies. The Florida Commission on Offender Review requested funding for investigator and revocation staff salary increases to address turnover, plus nonrecurring funds for Wi-Fi, seven vehicles, technology support, and commissioner salary adjustments. The State Courts Administrator presented a broad judicial branch request focused on trial court case-management technology, additional case managers, trust fund authority for child support hearing officers, courthouse furnishings, district court flexibility in staffing, a future courthouse for the Sixth District Court of Appeal, Supreme Court elevator replacement, POM accounting implementation support, judicial security liaison positions tied to the Florida Fusion Center, expanded senior management service authority, and judicial salary adjustments. The Office of the Attorney General outlined pay and operating requests for consumer protection, citizen services, ethics, crime compensation, victim services, vehicle replacement, IT and cybersecurity, lease and operating costs, and PALM-related expenses, while several senators questioned the office about outside counsel contracts, contingency-fee arrangements, transparency, and the use of private law firms.
The Department of Corrections made the largest presentation, describing severe staffing shortages, high turnover, rising inmate populations, increased assaults, and heavy overtime use. Secretary Ricky Dixon said the agency’s request was driven by constitutional and public safety needs and included funding for operations, security equipment, inflationary costs, vehicle replacement, offender information system modernization, technology restoration, inmate health services, drug and food cost increases, staffing pilots, maintenance, security infrastructure, Florida PALM, recruitment and retention, and $56 million for new correctional housing units. Members asked about inmate labor, prison safety, overtime, vehicle breakdowns, and whether more National Guard support was needed; Dixon said the agency needed more staffing and pay competitiveness rather than a long-term military presence. A correctional officers’ union representative also urged support for pay raises, citing low pay and staffing concerns.
No votes were taken on the budget requests. The chair allowed extended questioning, especially for the Department of Corrections, but noted time constraints and asked agencies to return in a later committee meeting, including FDLE, which was deferred because of a House site visit.
NM
New Mexico 2025 Regular Session
House - Commerce and Economic Development Mar 5th, 2025
House Commerce & Economic Development Committee
Transcript Highlights:
- Requiring GRT revenue to be used solely for bond replacement.
- And so that seems pretty consequential and doesn't really necessarily replace it with any other funds
- So again, I'm just kind of curious, does it replace With some other funding in some other way?
- It would replace that with a blank check for employers to fill out regarding what workers have to do
- We will do the best to find a replacement for you with that advance notice.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation May 13th, 2026
Transcript Highlights:
- On DXP, this is our core modernization effort and replaces aging systems that process billions in revenue
- We're ready to move on to issue number five: fleet replacement.
- With that money, we have replaced more than 4,790 vehicles, including 1,250 electric vehicles.
- With that money, we have replaced more than 4,790 vehicles, including 1,250 electric vehicles.
- , air fleet replacement, automobile insurance, and fuel costs.
Summary:
The committee first heard a DMV budget presentation on the state-to-state verification system required for Real ID compliance and the Digital Experience Platform (DXP) modernization project. DMV officials said the state-to-state system is a pointer-based exchange used when a person applies for a license in another state, with only limited identifying data shared initially and the full driver history sent only after a qualified request. Members raised concerns about privacy, possible misuse by other states or federal actors, notification to Californians, hacking, and whether California could detect or stop abusive access. DMV said it can monitor requests, see patterns of access, work with AAMVA and legal counsel, and seek to block or challenge misuse; LAO said California is in a difficult position and should consider guardrails rather than opt out. On DXP, DMV said the project is on its revised schedule and budget, occupational licensing is complete, vehicle registration is expected by the end of calendar year 2026, and the full system should be finished by fiscal year 2028-29, with phased rollout and reappropriated funding to keep costs controlled.
The committee then heard from the California High-Speed Rail Office of Inspector General on a trailer bill and AB 1608. The Inspector General said current law does not clearly authorize public reports or establish a framework for retaining and disclosing work papers, and the proposed trailer bill would create that framework while also adding authority to hire needed classifications and purchase goods and services. He also said the office needs a clearer statutory definition of “proposed agreements” and notice when the High-Speed Rail Authority is reviewing them, so the office can review contracts and related agreements effectively. LAO raised no concerns with the trailer bill language, and Finance said any amendments would come in the May revision.
Members debated the scope of confidentiality in the Inspector General proposal, especially whether reports could be held confidential when they identify weaknesses in fraud controls, security, or other vulnerabilities. The Inspector General said confidentiality would be temporary, tied to articulating the risk, reassessing it every 120 days, and releasing the report once the risk is no longer substantial; he also said the office had already published reports at its discretion and had found at least one procurement violation involving an amendment that added services not in the original contract. Several members pressed for stronger transparency and suggested time limits or broader disclosure, while others argued the bill would improve oversight and make the Inspector General’s authority clearer. No votes were taken during the discussion, and the item was left for further work on the trailer bill and AB 1608 language.
WY
Transcript Highlights:
- , lighting system repair and replacement, scoreboards, but also community recreation facilities.
- , lighting system repair and replacement, scoreboards, but also community recreation facilities.
- , lighting system repair and replacement, scoreboards, but also community recreation facilities.
- , lighting system repair and replacement, scoreboards, but also community recreation facilities.
- , lighting system repair and replacement, scoreboards, but also community recreation facilities.
Keywords:
property tax, homeowner exemption, Wyoming, voter initiative, tax legislation, HB0127, recreation mill levy, recreational facilities, public recreation, mill levy, local tax, county commissioners, school district levy, voter approval, ballot measure, general election, tax referendum, special purpose tax, Wyoming taxation, W.S. 18-9-201
NH
New Hampshire 2025 Regular Session
Committee of Conference on HB 421, HB 701, HB 377, HB 712 (06/17/2025)
Transcript Highlights:
- So that's why I'm going to vote against this and be replaced.
- And we will have somebody replace that will sign off. Okay. Right.
- replace that will sign off. Okay. Right. replace that will sign off. Okay. Right.
- So our proposal would be to replace So our proposal would be to replace Roman<04:17:38.159>
numeral - All be replaced prior to sign off. Okay.
Summary:
The committee of conference first took up House Bill 421FN, concerning notice of tax-exempt status filing procedures by town officials. Members reviewed the Senate changes and focused on whether the amended language would require multiple mailings to charitable organizations. House conferees said the Senate wording appeared to create more than one mailing and asked for clarification; Senate members explained the intent was to reduce clerk workload by posting forms and sending a follow-up notice only to organizations that failed to file after the deadline. After a brief caucus, the House concluded there were too many unresolved changes to work out in conference and moved to non-concur with the Senate amendment.
The House motion to non-concur passed unanimously, 4-0, and the committee agreed to place the conference report on the House consent calendar. The chair then closed the committee of conference on House Bill 421FN.
The transcript then shifted to a separate committee of conference on another bill, where members discussed revisions involving direct supervision at an eligible facility, federalwide assurance requirements, and immunity language. Testimony focused on whether the bill should require supervision at a specific facility or allow broader supervision arrangements, whether rulemaking should define direct supervision, and whether the immunity provision should cover reckless as well as willful misconduct. No final vote or action on that second bill was reached in the portion provided.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 03/24/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- A 60% replacement ratio is also much more susceptible to inflation.
- <01:20:31.480>
replacement retirement. - A 60% replace replacement retirement.
- A 60% replace replacement ratio<01:20:32.600>
is <01:20:32.840>not <01:20:33.080>sufficient - >
ratios The difference in replacement ratios The difference in replacement ratios creates<01:
Summary:
The commission approved the March 17 minutes and then heard testimony on Senate File 4419 / House File 4069, as amended, which would exempt J-1 visa-holding teachers and their school districts from Teachers Retirement Association contribution requirements during the teachers’ exchange term. Senator Pappas and Representative Feist said the bill is intended to help districts fill hard-to-staff special education and other positions by letting J-1 teachers keep more of their pay for immediate relocation costs, while also redirecting employer savings toward onboarding, mentorship, and cultural orientation. They argued the teachers are temporary by design, often cannot stay long enough to benefit from TRA, and that the bill would be roughly neutral for TRA because contributions and matching liability would both be removed.
Supportive testimony came from Matthew Connelly of Lattice Global Teachers and Melissa Schaller of Intermediate School District 917. Connelly said J-1 teachers arrive with significant upfront expenses and only a short window to establish themselves, and that the exemption could save them about $4,000 to $5,000 while helping schools afford recruitment and support costs. Schaller said her district has relied on international special education teachers to fill vacancies, that the H-1B option is no longer workable because of a large fee increase, and that J-1 hiring is needed to remain competitive; she noted 17 open special education positions for 2026-27 and no other applicants.
Caitlin Snyder of Education Minnesota opposed the bill, arguing it lowers compensation and removes a retirement option without enough input from teachers themselves. She said the bill does not ensure the employer savings would be used for housing or other supports, and urged more direct consultation with J-1 teachers. Several members raised concerns about fairness, pension protection, and whether the bill could create unintended consequences for teachers who later remain in Minnesota. Senator Pappas responded that the circumstances are unusual because J-1 teachers are temporary and often cannot return, and said TRA had indicated the proposal would be neutral or supportive, unlike a separate St. Paul teachers issue. Representative O’Driscoll asked about J-1 teachers in higher education and private schools, and Mr. Connelly said the visa is mainly used in K-12 settings but can also appear in charter and private schools; he also noted many J-1 holders face a two-year home-residence requirement. The chair indicated the bill was slated for inclusion in the omnibus pension bill, but no final vote on the bill itself was taken in the portion of the meeting provided.
MN
Transcript Highlights:
- that and how that happens into replacing that and how that happens into the<00:08:48.240>
future. - to replacements um before catastrophic<00:26:24.280>
failure. - <00:27:07.760>
Our replacement of those pieces. Our replacement of those pieces. - This is our one opportunity to replace This is our one opportunity to replace this<00:29:21.560>
- , and those kinds of things. replacement, and those kinds of things.
Keywords:
HF4470, Melissa Hortman, memorial, statue, memorial garden, State Office Building, Capitol Mall Design Framework, capital investment, appropriation, Capitol Area Architectural and Planning Board, Department of Administration, public art, commemorative monument, landscaping, artist selection, family consultation, Minnesota legislature, state building site, capital appropriation, political subdivisions
NH
Transcript Highlights:
- This amendment replaces the bill, and that’s why I’m going to support this because we’re replacing it
- everyone listening that it is a replace everyone listening that it is a replace all.<01:54:06.960
- This amendment replaces the bill all.
- It's this because we're replacing it.
- This amendment replaces the bill, and that’s why I’m going to support this because we’re replacing it
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Labor and Workforce Development Jun 21st, 2026 at 11:00 am
Joint Committee on Labor and Workforce Development
Transcript Highlights:
- “Notably, the proposed progressive wage replacement in this bill is the same as what we have in our paid
- family medical leave act, so that lower-wage workers receive a higher percentage of their wages replaced
- In addition, according to... ...according to the latest data available, UI benefits on average replace
- We cannot be replaced, nor should we ever be replaced.
- We cannot be replaced, nor should we ever be replaced.
Summary:
The Joint Committee on Labor and Workforce Development held a hybrid hearing on legislation concerning unemployment insurance, non-compete agreements, prevailing wage, and minimum wage issues. Committee leaders outlined the hearing process, asked witnesses to keep oral testimony to three minutes, and invited written testimony through November 20. No votes were taken during the hearing; it ended with a motion to adjourn and notice of the next hearing on November 20.
Much of the testimony focused on bills to expand unemployment insurance for striking workers, including H. 2168 and S. 1319. Labor leaders, union members, and legal advocates argued that workers who are out on strike for more than 30 days should be able to receive UI benefits, saying the policy would help workers and families meet basic expenses, reduce employers’ ability to “wait out” strikes, and encourage good-faith bargaining. Speakers cited recent strikes, including the Republic Services strike, and said the proposal would not meaningfully increase strike activity or strain the UI trust fund.
Another major topic was minimum wage legislation, especially H. 2107/S. 1349 to raise the minimum wage to $20 by 2029 and index it to inflation, and H. 2191 to create a $25 enhanced care worker minimum wage. Supporters said current wages are not keeping pace with housing, food, and childcare costs, and that care workers, direct support staff, and human service employees face chronic vacancies, burnout, and turnover. Testimony also supported H. 2126 on prevailing wage by adding apprenticeship and training contributions to the wage calculation, and H. 2159 and S. 1363 on prevailing wage-related issues. One witness, Russell Beck, testified against S. 1336, which would ban non-competes, and against H. 2118, arguing Massachusetts’ current non-compete law is a balanced compromise that should not be disrupted.
VT
Transcript Highlights:
- Section one updates the framework by replacing expungement with sealing throughout the statute.
- Similarly, replacing expungement with sealing and applying the same statutory standards and procedures
- with sealing replacing expungement with sealing throughout<00:21:20.799>
the <00:21:20.960> - Similarly,<00:21:40.559>
replacing <00:21:41.039>expungement <00:21:41.679>with - Similarly, replacing expungement with Similarly, replacing expungement with ceiling<00:21:42.720>
Summary:
The House opened with a devotional led by Rep. Bram Kleppner, who spoke about ethics, the virtues of kindness, wisdom, and courage, and offered an atheist’s prayer focused on those themes for legislative work. After the devotional, the chamber handled first readings of four bills: H.913 on prohibiting certain prediction markets securities, H.914 on compensating the city of Barre for an education property tax overpayment, H.915 on an extended producer responsibility program for beverage containers, and H.916 on education fund expenditures review. H.913 was referred to Government Operations and Military Affairs, H.914 to Ways and Means, H.915 to Ways and Means under House Rule 35A because it affects state revenue, and H.916 to Education.
Members also made several announcements recognizing outside groups and events, including a Universal Health Care Caucus meeting, the organization Lond, visiting Vermont NEA educators for “Stand Up for Students Day,” a Federation of Sportsmen mixer, a Vermont State Employees Association reception and dinner, a Council of State Governments East reception, a mental health first aid class reminder, and State House apparel sales. The House then took up orders of the day, first postponing action on H.205, an act relating to agreements not to compete, for one legislative day.
The chamber passed H.639 on genetic data privacy, H.694 on amendments to the Bennington town charter concerning the town manager, and H.907 on legislative review of reporting requirements. It then considered H.566 on sealing postcharge court diversion records upon successful completion. The Judiciary Committee explained the bill would replace expungement with sealing for juvenile and adult diversion records, add a limited Burlington Community Justice Center pilot for certain municipal ordinance violations, and align the law with prior record-clearance reforms; Judiciary reported it favorably 10-1. Ways and Means said removal of a proposed fee eliminated any fiscal impact and reported the bill ought to pass 11-0. The House agreed to the Judiciary amendment and ordered third reading. Finally, the House postponed H.635, which would eliminate Department of Correction supervisory fees, for one legislative day, heard additional announcements, and adjourned until Thursday, February 26, 2026 at 3:30 p.m.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Nov 20th, 2025
Transcript Highlights:
- We are asking for $1.3 million to replace non-recurring for health benefit changes that were passed in
- Replace non-recurring for health benefit changes that were passed in SB 357 last year, $540,000 to fund
- Repairing and replacing it is about $3.2 million.
- We replaced legacy equipment, including firewalls, network equipment, and employee workstations.
- If we were to shift that requirement to appraisal cost instead of replacement costs new, and when we
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Nov 19th, 2025
Transcript Highlights:
- SHARE, which is good news because replacing SHARE would probably cost about $200 million.
- That answer is just a total replacement of what we've got there now, but modernized, right?
- The other one that I was going to ask you about is the school bus replacement.
- Well, the 19.3 keeps us with a 12-year replacement, Mr. Chair, Senator.
- So, it's not a replacement, but the cost is high because of the nature of the remodel.
FL
Florida 2025 Regular Session
January 14, 2025 - 01:00 PM
Transcript Highlights:
- It's what the cost is to replace your home or up to its coverage limits.
- If it now costs more year over year to replace your house, that means you need more insurance to replace
- The value of a house, meaning the replacement cost, so whether it's a $400,000 replacement cost or $750,000
- replacement cost, has a really big impact.
- Because the replacement cost is so much more. It's more expensive for labor.
Summary:
The subcommittee held its first meeting on homeowners property insurance, with members from both parties introducing themselves and repeatedly noting that insurance affordability, roof condition, claims handling, and storm recovery are top concerns for their districts. Chair Yeager said the meeting was intended as an educational discussion rather than a legislative debate, and introduced a panel that included Insurance Commissioner Mike Yaworski, consumer Chad Carr, agent Mary Catherine Lawler, insurer executive Melissa Burt DeVries, and policyholder attorney Chip Merlin.
The panel and members discussed major cost drivers in Florida homeowners insurance, including inflation, home age, roof age, mitigation features, claims history, litigation costs, reinsurance, and the Florida Hurricane Catastrophe Fund. Commissioner Yaworski said underwriting has become more sophisticated and that litigation costs, reinsurance, and replacement-cost inflation all affect premiums; he also said litigation is down about 30% and average requested rate increases have fallen from about 22.1% in 2022 to 0.8% today. DeVries said age of home, replacement cost, roof age, and coverage choices can materially change premiums, and explained that reinsurance is a major expense passed through to consumers. Merlin emphasized transparency concerns, argued that insurers are increasingly individualizing risk, and said consumers often struggle with coverage limits, deductibles, and claim denials.
Members asked about flood coverage, hurricane deductibles, managed repair programs, mitigation credits, new insurer capitalization, and whether savings from reforms are reaching consumers. Yaworski explained that flood is generally excluded from homeowners policies and covered separately, that hurricane deductibles are mandatory in Florida and usually around 5%, and that the office tracks savings from reforms through rate filings and insurer discussions. He said the state is updating mitigation discounts and monitoring new entrants closely for solvency and market conduct. Several members and panelists said recent reforms have helped reduce some abuses and litigation, but many consumers are still seeing higher premiums because replacement costs and reinsurance remain elevated. No votes or formal actions were taken.
NM
New Mexico 2026 Regular Session
House - Transportation and Public Works Jan 22nd, 2026 at 09:04 am
Transcript Highlights:
- I just feel like we're not really doing as much as we should be to replace Equipment.
- And so I was able to replace my tires and go back on the road safely.
- So the bond, the way it's set Up, the bond revenues will replace the road funds in the identified STIP
- it was My understanding, as somebody who just signed on that bill, is that the bond revenue would replace
- To be able to replace those roles, the campus says they're not a part of those roles, technically not