Video & Transcript : 'captive insurers' :
Page 40 of 500
FL
Transcript Highlights:
- There are some clear distinctions between what the Office of Insurance Regulation under the Insurance
- Generally speaking, if it is more systemic or involving the insurers or insurance systems, it's going
- And so this total insured value... ...total insured value is in orange.
- And so this total insured value, total insured value is in orange.
- Program provides insurance.
Committee:
Senate Banking and Insurance
Summary:
The Senate Committee on Banking and Insurance convened with a quorum present, and Commissioner Michael Yaworsky of the Office of Insurance Regulation delivered a broad update on Florida’s property insurance market. He outlined the division of responsibilities between OIR and the Department of Financial Services, then reported market indicators including 7.61 million residential policies in force, an average premium of $2,755, 1.5 million Citizens takeout approvals, and recent negative trends in homeowners rate requests. He credited recent legislative reforms, especially tort reform and the Insurer Accountability Act, with improving market stability, increasing competition, and allowing the office to conduct more examinations and investigations, recover consumer restitution, and fine insurers for misconduct tied to recent hurricanes.
Yaworsky emphasized that Citizens Property Insurance has been rapidly depopulating from its 2022 peak and may fall below 300,000 policies, while cautioning that over-depopulation could create residual-market risks and assessments if a major storm hits. He also discussed the distinction between admitted and surplus lines markets, the role of reinsurance in Florida pricing, and the effect of inflation on total insured values and premiums. He said Florida has seen comparatively modest property rate increases relative to other states and noted that recent hurricanes did not produce the kind of rate spikes seen in prior years, which he attributed to a more stable market and reduced fraud and litigation pressure.
In response to a question from Senator Martin, Yaworsky explained that California’s wildfire crisis and regulatory structure are not a direct one-to-one comparison for Florida, but that California’s market problems can affect global reinsurance capacity and serve as a cautionary example of regulatory missteps. He also highlighted a recent Progressive auto insurance excess-profits refund of about $1 billion to policyholders, discussed possible federal changes to the National Flood Insurance Program, and urged greater home resiliency and code-plus adoption. The commissioner closed by calling for clearer consumer disclosures and responsible oversight of AI use in insurance filings. No bills were considered and no votes were taken; Senator Hooper moved to adjourn, and the committee adjourned without objection.
WV
West Virginia 2026 Regular Session
WV Senate Banking and Insurance Committee in Session Mar 11th, 2026 at 02:34 pm
Banking and Insurance
Transcript Highlights:
- The provisions of the bill would apply to insurance policies issued by an insurer that are delivered,
- This bill amends two sections in the insurance code affecting mine subsidence insurance and potential
- recovery under the mine subsidence insurance fund established within the Board of Risk and Insurance
- where insurance companies were being sued for claims handling issues in our circuit courts and insurers
- So the insurance company is still subject to everything. company, it's BRIM, not the insurance company
Committee:
Senate Banking and Insurance
FL
Florida 2026 5th Special Session
Judiciary Jan 20th, 2026
Transcript Highlights:
- If insurance agents can sell this, then how is it not an insurance product?
- Insurance agents and brokers are engaging in the business of insurance and are subject to the insurance
- Insurance agents and brokers are engaging in the business of insurance and are subject to the insurance
- So when folks go to an insurance agent, they're expecting insurance.
- That insurance agent is most likely going to use insurance language.
Summary:
The committee heard and advanced several bills. SB 624, by Senator Yarborough, would allow batterers intervention programs to offer optional supplemental faith-based activities, with no participant required to take part; supporters said it would expand provider options amid a shortage of certified programs, while opponents raised concerns about government speech and mixing religion with court-ordered programming. After debate, the bill was reported favorably 7-2. The committee also considered CS/SB 834, which repeals a 2022 restriction preventing licensed insurance agents from marketing or selling health care sharing ministries; supporters framed it as restoring choice and free speech, while opponents warned about consumer confusion, commissions, and lack of insurance protections. It was reported favorably 8-2.
The committee next approved CS/SB 502, via a strike-all amendment, to give Florida concurrent jurisdiction over certain juvenile offenses on military installations so juveniles can be handled in state juvenile court rather than federal court; the amendment and bill both passed unanimously. CS/SB 52 also passed unanimously after testimony from church leaders and security personnel supporting an exemption from Class D/G licensing for unpaid armed security volunteers at places of worship. Supporters said the bill would clarify legal gray areas and help churches afford security, while members noted the broader concern that houses of worship need armed protection at all.
Finally, the committee reported favorably SB 840, which revises last year’s emergency/local planning law by narrowing its application after storms from 100 miles to 50 miles of the storm track and exempting certain water, flood, and state/federal planning matters; local government representatives supported the clarification, and the bill passed 9-0. CS/SB 758, as amended, updated the membership of the Justice Administration Commission to better reflect the entities it oversees, and it also passed 9-0. The meeting ended with a recorded affirmative vote from Senator DeSigley on SB 624.
HI
Transcript Highlights:
- </c><00:04:18.639><c> fire</c><00:04:19.040><c> insurance</c> basic property insurance fire insurance
- not insurable.
- insurance.
- All insurance companies authorized to write insurance in the state of Hawaii, property-casualty insurance
- </c> the insured um you know the insurance the insured um you know the insurance division<00:52:01.760
TX
Transcript Highlights:
- A pre-suit notice and an insurance claim is a formal notice sent to the insurer.
- The insured has hired an attorney.
- It has been documented that insurance companies have deducted the insurance attorney's fees from the
- final payment to the insured.
- of insurance products.
Committee:
House Insurance
FL
Transcript Highlights:
- If insurance agents can sell this, then how is it not an insurance product?
- Insurance agents and brokers are engaging in the business of insurance and are subject to the insurance
- Insurance agents and brokers are engaging in the business of insurance and are subject to the insurance
- So when folks go to an insurance agent, they're expecting insurance.
- That insurance agent is most likely going to use insurance language.
Committee:
Senate Judiciary
Keywords:
places of worship, house of worship, church, mosque, synagogue, religious security, armed security, volunteer security, private security, security guard licensing, licensure exemption, Florida Statutes chapter 493, Class G license, Class C license, security services, faith-based institutions, public safety, military jurisdiction, delinquency, concurrent jurisdiction
Summary:
The committee considered several bills and reported each favorably. SB 624, by Senator Yarborough, would allow batterers intervention programs to offer optional supplemental faith-based activities, with no participant required to take part. Supporters said it would expand provider options and help address a shortage of certified programs; opponents raised concerns about mixing government-ordered programming with religion and about the state’s prior rule change. The bill passed 7-2.
The committee also approved CS/SB 834, which repeals a 2022 restriction barring licensed insurance agents from partnering with health care sharing ministries to market or sell their programs. The sponsor and supporters argued the bill restores free speech, consumer choice, and access to faith-based alternatives, while opponents warned about consumer confusion, higher commissions, and weak protections because these ministries are not insurance. After extended debate, the measure passed 8-2.
Other measures advanced unanimously or near-unanimously. CS/SB 502, as amended, would give Florida concurrent jurisdiction over certain juvenile offenses on military installations so juveniles can be handled in the state system; it passed 9-0. CS/SB 52 would exempt volunteer armed security for houses of worship from Class D or G licensing requirements, and supporters cited rising threats to churches and the need for organized volunteer security; it passed 9-0. SB 840, a cleanup bill to narrow and clarify last year’s emergency-related land-use restrictions after hurricanes, also passed 9-0, and CS/SB 758, which updates the membership of the Justice Administration Commission, passed 9-0 after an amendment restoring two public defenders to the commission.
CA
Transcript Highlights:
- The Assembly Insurance Committee is now officially The Assembly Insurance Committee is now officially
- We have never filed a single insurance claim.
- of Insurance publicly.
- There seems to be a perception that insurance companies non-renew policies just because insurance companies
- Addresses insurer concerns that in cases where the home is not rebuilt for several years, the insurer
Committee:
House Insurance
LA
Transcript Highlights:
- But the way that the timing works on that, the insurance companies, it goes through the insurance companies
- Today is insurance.
- The insurance department regulates insurance businesses, agents, companies, and claims adjusters.
- So the brokers already have to get the name of the insured, the address of the insured.
- In terms of insurance risk.
Committee:
House Insurance
CA
Transcript Highlights:
- We'll convene the Senate Committee on Insurance.
- AB 1559 requires insurers to provide notice before collecting aerial images of a residential insurance
- , not just admitted insurers.
- ... ...all insurance providers don't necessarily provide insurance for this situation.
- with the Insurance Commission.
Committee:
Senate Insurance
TX
Transcript Highlights:
- If the claimant or the insured...
- Flood Insurance Program policies.
- It also under flood insurance policy would not just be limited to flood insurance program policies, but
- So, in essence, if insurance companies feel the need to raise insurance rates below a 5% threshold, they
- in a variety of insurance products.
Bills:
HB854 , HB 1052 , HB1642 , HB2076 , HB3042 , HB3695 , HB3787 , HB4062 , HB4092 , SB213 , SB493 , SB896 , HB5519 , HB4635
Committee:
House Insurance
Keywords:
insurance, replacement cost, homeowner's policy, renter's policy, condominium insurance, property damage, claims process, telemedicine, teledentistry, telehealth, health benefit plan, insurance coverage, out-of-state services, anxiety, pain management, contraceptive devices, women's health, medical procedures, healthcare, laboratory
OK
Oklahoma 2026 Regular Session
Business and Insurance 2ND REVISED Feb 19th, 2026
Business and Insurance
Transcript Highlights:
- Insurance.
- My first question to the senator: would you believe that insurers, insurance carriers currently, must
- Is insurance the only industry or Is insurance the only industry where we have seen increased pricing
- Auto insurance rates at that time, the previous year, Auto insurance rates at that time, the previous
- All as an independent insurance agent. I don't work for an insurance carrier.
Bills:
SB1969 , SB1953 , SB1277 , SB1287 , SB1061 , SB1916 , SB1589 , SB2178 , SB1444 , SB1438 , SB1501 , SB1873 , SB1364
Committee:
Senate Business and Insurance
Keywords:
massage therapy, licensing, multistate compact, regulation, healthcare, professionals, Employer Health Plan Transparency Act, health insurance, claims data, contract provisions, health care providers, auditable materials, HIPAA compliance, insurance regulation, unemployment benefits, employment security, work search, job search, reemployment, jobless benefits
Summary:
The Senate Business and Insurance Committee met and first laid over Senate Bills 1969 and 1624 without hearing them. It then considered SB 1953, a health insurance transparency bill requiring third-party administrators to provide employers information on what was spent on employee health benefits; an amendment deleting the word “welfare” was adopted, and the bill passed 7-1. SB 1277, which codifies a three-week work-search requirement for unemployment benefits, passed 8-0. SB 1287, amended to change “may” to “shall,” would bar the Oklahoma Abstractors Board from licensing applicants not legally authorized to work in the U.S.; after questions about the need for the bill and the alleged loophole, it passed 7-2.
The committee also passed SB 1061, a cleanup measure on mortgage broker licensing and renewal fees, and SB 1916, which would move the Oklahoma Receivership Office under the Insurance Department and streamline receivership operations. SB 1589, as amended to reference Indian Gaming Regulatory Act authorization, would increase penalties for illegal sweepstakes/gambling operations and expand enforcement against entities profiting from illegal gambling; it passed unanimously. SB 2178, a compromise special-event license bill requiring liability insurance coverage, also passed unanimously.
Two major insurance reform bills were debated at length and failed. SB 1444 would shift homeowners insurance rate regulation from a use-and-file system to prior filing with authority for the Insurance Commissioner to declare rates excessive; after testimony from a homeowner about a large premium increase and extensive debate over regulation and market effects, it failed 4-5. SB 1438 would require reporting of underwriting gains and profits, cap average profits at 5% over three years, and require rebates or premium credits if profits exceeded that level; supporters argued it would protect consumers, while opponents warned of market disruption and reduced competition. It failed 2-7. The committee then passed SB 1501, clarifying medical marijuana grow reclamation bond requirements, SB 1873, correcting a drafting error in a prior bill and delaying its effective date, and SB 1364, requiring an affidavit of encumbrances before transferring a medical marijuana business license.
LA
Transcript Highlights:
- But the way that the timing works on that, the insurance companies, it goes through the insurance companies
- Today is insurance.
- Today is insurance.
- The insurance department regulates the insurance businesses, agents, companies, claims adjusters.
- So the brokers already have to get the name of the insured, the address of the insured.
Committee:
House Insurance
Summary:
The House Insurance Committee met on April 23 with a quorum present and first deferred HB 1142. The committee then heard HB 1187, which would direct any excess Louisiana Citizens emergency assessment funds, after related debt is paid, toward the Louisiana Fortified Homes Program or future Citizens debt. Representative Sawyer and Commissioner Tim Temple said the bill would likely redirect about $50 million in one-time surplus funds and would help expand a popular roof-mitigation program that has already awarded more than 4,600 fortified roofs. The bill drew support from several witnesses and was reported as amended without objection.
Next, HB 1210, dealing with insurance claim disputes and a pre-suit review process for Louisiana Citizens claims, was discussed. Representative Dana Henry said he was voluntarily deferring the bill and instead pursuing a study resolution after hearing concerns from members and stakeholders. Department and Citizens officials said the proposal was modeled on Florida’s process and could help resolve disputes faster and cheaper, but the bill was ultimately voluntarily deferred after testimony and some opposition cards were noted.
The committee then took up HB 1199, which requires coverage for genetic testing and treatment related to SCN2A-associated disorders. Representative Jordan and the Diedon family gave emotional testimony about their daughter Emily’s diagnosis and the importance of timely genetic testing. The bill was amended to require that testing be ordered by a provider and deemed medically necessary by the health plan, with discussion about whether a neurologist should be involved; members said that issue could be refined later. HB 1199 was reported as amended.
Finally, the committee considered HB 880, the Louisiana Artificial Intelligence Insurance Fairness Act, which would regulate AI use in underwriting, rating, and claims. After a lengthy discussion about state insurance regulation, McCarran-Ferguson, and concerns that the bill could jeopardize federal broadband funding, Representative Jordan voluntarily deferred HB 880, and HB 920 was also deferred. The committee then heard HB 1221, which would limit the policy data collected for the Louisiana Fortified Program Fund. Former Representative Bowler argued the bill was needed to protect policyholder privacy, while the Department of Insurance and Commissioner Temple said the data is needed for surplus-lines premium tax audits, fraud detection, and consumer assistance after disasters. The discussion continued with questions about what data would be visible and how it would be used, but the transcript ends before a final action on HB 1221 is shown.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (02/05/2025)
Transcript Highlights:
- model the insurance model is insurance model the insurance model is about<01:01:23.760><c> 36</c><01
- and insurance insurance companies and insurance company<01:26:37.920><c> executives</c><01:26:38.800
- That's how it exists today. insur insured through their employer are insur insured through their employer
- </c> insurance and it the co- Insurance insurance and it the co- Insurance obviously<01:54:16.920><c>
- </c><02:16:10.800><c> insured</c> parties were absolutely insured insured parties were absolutely insured
Summary:
The committee took up HB 297 with a non-germane amendment proposed by the Insurance Department to create the Granite State Home Mitigation and Resiliency Program. Commissioner DJ Beton explained that the program is intended to help homeowners reduce rising insurance premiums and avoid surplus lines coverage by funding proactive home and property improvements such as roof fortification, exterior and foundation work, flood protection, and tree removal. He said the proposal was developed after leadership asked for more statutory detail and for the idea to be vetted through policy committees rather than handled only in the budget process.
Beton said the program would be funded by the first $1 million collected annually from the insurance premium tax, with grants of up to $10,000 awarded on a first-come, first-served basis. He described the program as modeled on similar efforts in other states, with means testing tied to the Department of Energy’s weatherization/home heating assistance criteria. He also said the department would administer the program using one existing staff position, with coordination through Treasury, and that unspent funds would roll over for several years before reverting to the general fund.
Members asked about the unusual use of a non-germane amendment and how the bill would be handled procedurally, since the underlying bill and the new insurance proposal were unrelated. The chair explained that the amendment was being used as a vehicle to move the department’s proposal through the committee process and that the committee could later accept one part, both parts, or neither. No vote was taken in the portion of the meeting shown; the discussion ended with questions about administration, staffing, and the relationship between the underlying bill and the amendment.
FL
Transcript Highlights:
- insurance?
- Clearly, this is not insurance.
- Insurance agents and brokers are engaging in the business of insurance and are subject to the insurance
- So when folks go to an insurance agent, they're expecting insurance.
- That insurance agent is most likely going to use insurance language.
Committee:
Senate Judiciary
CA
California 2025-2026 Regular Session
Senate Insurance Committee Jun 10th, 2026
Transcript Highlights:
- We'll convene the Senate Committee on Insurance.
- AB 1559 requires insurers to provide notice before collecting aerial images of a residential insurance
- , not just admitted insurers.
- All insurance providers don't necessarily provide insurance for this situation.
- And I thought, again, to give the Insurance Commissioner credit, his Sustainable Insurance Strategy,
Summary:
The Senate Committee on Insurance met as a subcommittee due to a lack of quorum and heard AB 1559 by Assemblymember Calderon, which would require insurers to give homeowners notice before collecting aerial images, provide copies of any images used, and ensure images used for nonrenewal or cancellation are current enough to allow an in-person inspection request. The Department of Insurance and United Policyholders supported the bill, saying consumers are often blindsided by decisions based on outdated or inaccurate drone, satellite, or aircraft images. Several local government and consumer groups also supported it, and there was no opposition. The committee later approved AB 1559 on a 6-0 vote and sent it to the Privacy Committee.
The committee also heard AB 2038 by Assemblymember Harabedian, which would extend wildfire-related nonrenewal moratoriums for homeowners, including an additional year for homes within fire perimeters and adjacent zip codes. Supporters, including the Consumer Federation of California, United Policyholders, and local government groups, argued that rebuilding after major fires takes much longer than current protections assume and that the bill would help keep survivors insured while they rebuild. Opponents from the insurance industry warned the bill would further constrain insurers, worsen market instability, and shift costs and availability problems to other policyholders, especially because the bill extends protections to adjacent zip codes that may not have been directly damaged. Committee members raised concerns about the zip code approach and possible impacts on the broader market, but the author said the bill simply extends existing SB 824 timelines and that discussions on amendments would continue. The committee passed AB 2038 on a 4-0 vote and sent it to Appropriations.
File items 1 and 3 were consent items and were approved without opposition on a 6-0 vote. The committee then adjourned.
WA
Washington 2025-2026 Regular Session
Senate Ways & Means Mar 9th, 2026
Transcript Highlights:
- in which the insurance premiums tax is paid.
- So as businesses do business with an insurer and earn income from the insurer, they pay tax on that income
- So as businesses earn, do business with an insurer and earn income from the insurer, that they pay tax
- industry, where insurers are no longer just insurers.
- industry where insurers are no longer just insurers.
Summary:
The Ways and Means Committee held its last scheduled public hearing of the year on March 9, 2026, taking testimony on House Bill 2487, Substitute House Bill 2689, and Engrossed House Bill 2681. For HB 2487, staff and the Department of Revenue explained that the bill would narrow a B&O tax exemption for insurance-related businesses after a 2024 Supreme Court decision, make several related changes including annuity and assigned risk plan exemptions, adjust the advanced computing surcharge threshold for certain affiliated groups, and allow a penalties-and-interest waiver with a repayment plan. DOR supported the bill as clarifying the original intent and preventing double taxation, while insurers and health plan groups opposed it, arguing it would create higher costs, retroactive tax liability, and uncertainty; consumer and policy groups testified in support, saying it closes a loophole and restores the intended tax structure. Committee members questioned the retroactivity, the number of affected businesses, and the fiscal estimates, and the chair reminded members that amendment requests were due by noon for the next day’s executive session.
For Substitute HB 2689, staff described changes to the Working Connections Child Care program that would keep income eligibility at 60% of state median income, reduce future rate-setting from the 85th to the 75th percentile, block enhanced rates for certain cross-region providers, cancel the planned move to enrollment-based prospective payments, revise attendance-based reimbursement to a full month for absences of 10 days or fewer and half-month for longer absences, and require a 65% market survey response rate for validity. The fiscal note projected substantial savings, offset by implementation and staffing costs. SEIU 925 and Head Start representatives supported the simpler House approach to attendance billing but raised concerns about the new survey threshold and the risk of increased audits and provider burden; they also noted an amendment under discussion to address the 2026 survey issue. Committee questions focused on how a full month is defined under the attendance rules.
For HB 2681, staff said the bill would raise annual issuance and renewal fees for cannabis producer, processor, and retail licenses by $400, generating about $866,000 per year for the dedicated cannabis account with minimal administrative cost. No one signed up to testify, and the chair closed the hearing without a vote on any of the bills. The chair also thanked committee staff for their work and reiterated that amendments for the heard bills were due by noon that day.
MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 4/15/26
Commerce Finance and Policy
Transcript Highlights:
- of Commerce or insurance.
- health insurance.
- Insurance is a pool, right?
- Under the appraisal framework, both the insurer and the insured select independent appraisers.
- and insurers.
Committee:
House Commerce Finance and Policy
Keywords:
healthcare, insurance, regulation, financial institutions, prescription drug affordability, consumer protection, restitution account, financial compensation, attorney general, distributions, property insurance, homeowners insurance, fire and allied lines, hail insurance, appraisal clause, loss adjustment, alternative dispute resolution, insurance claims, claim valuation, actual cash value
LA
Transcript Highlights:
- So I'm not going to ask insurance to pay for any... ...and reduces the risk for insurance.
- the insurance needed.
- the insurance needed.
- insurance when homeowners timely mitigate risks, to provide requirements for an insurance non-renewal
- companies and insureds. ...help try to foster a better market for both insurance companies and insureds
Committee:
House Insurance
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (02/05/2025)
Transcript Highlights:
- and insurance insurance companies and insurance company<01:26:37.920><c> executives</c><01:26:38.800
- insurance claims.
- He said this plan also brings a level of parity. insur insured through their employer are insur insured
- </c> insurance and it the co- Insurance insurance and it the co- Insurance obviously<01:54:16.920><c>
- </c><02:16:10.800><c> insured</c> parties were absolutely insured insured parties were absolutely insured
Summary:
The committee heard testimony on a non-germane amendment to HB 297 that would create the Granite State Home Mitigation and Resiliency Program. Insurance Commissioner DJ Beton, joined by department staff, explained that the proposal is intended to help homeowners afford insurance by funding proactive home improvements that reduce risk and improve insurability. He said the program would be funded by the first $1 million collected annually from the insurance premium tax, with grants of up to $10,000 available on a first-come, first-served basis.
Beton described the problem as rising homeowners insurance premiums, hard-market underwriting, nonrenewals, and the resulting shift to more expensive surplus lines coverage. He said eligible projects could include roof fortification, exterior improvements, flood-related foundation work, and removal of hazardous trees or limbs. He cited similar programs in other states, especially Alabama, Louisiana, and North Carolina, as evidence the model can work and noted that industry representatives were present in support. He also said the program would use means testing aligned with the Department of Energy’s weatherization program to target lower-income applicants.
Members asked about the non-germane process, who would administer the program, and how the bill would prevent misuse of grant funds. The commissioner said the department would administer the program using one repurposed existing position, with Treasury handling fund flow through an MOU. Staff explained that applicants would have to show completed work through a signed contract, itemized work, and a sworn contractor affidavit, with some upfront payment allowed for materials and the remainder paid after completion. The chair and members discussed that the amendment is being attached to a different bill only to move the proposal through committee and on to House Finance for further consideration.
MN
Minnesota 2025-2026 Regular Session
House Commerce Finance and Policy Committee 3/12/25
Commerce Finance and Policy
Transcript Highlights:
- insurance premiums.
- insurance premiums.
- insurance premiums.
- <c> and</c><01:35:35.040><c> I</c> Insurance in homeowners insurance and I Insurance in homeowners insurance
- <c> top</c><01:35:42.639><c> of</c> Insurance homeowners insurance on top of Insurance homeowners insurance
Committee:
House Commerce Finance and Policy
Keywords:
mortgage, qualified mortgage, QM, points and fees, conventional loan, consumer lending, home loan, residential real estate, lender fees, service charge, finance charge, closing costs, Minnesota Statutes 47.20, housing finance, borrower protections, cooperative apartment loan, contract for deed, real estate lending, foreclosure, notice requirements