Video & Transcript : 'actuarial valuation' :

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WY

Wyoming 2026 Regular Session

Senate Floor Session-Day 18, March 3, 2026-AM

Wyoming Senate Floor Meeting

Transcript Highlights:
  • this is a really good idea, but did we look at what the impact of this could potentially be to the actuarial
  • Of course, we can get you more information about the actual actuarial numbers for second reading.
  • get you more information about the can get you more information about the actual<01:01:58.799><c> actuarial
  • </c><01:01:59.680><c> numbers</c><01:02:00.240><c> for</c><01:02:00.559><c> second</c> actual actuarial
  • numbers for second actual actuarial numbers for second reading.<01:02:01.440><c> they</c><01:02:01.680
AZ
Transcript Highlights:
  • They need to be actuarially justified, and so we'll dig in to see if they are.
  • hear about a denial because it's been taken care of at the front end and we said, well, is this actuarially
  • hear about a denial because it's been taken care of at the front end and we said, well, is this actuarially
Summary: The Committee on Director Nominations met with four members present and approved the prior minutes without objection. Chair Jay Kaufman outlined the committee’s role in reviewing executive nominations and explained the hearing process for three nominees: Mary Foote for the Office of Economic Opportunity, Debbie Johnston for the Department of Health Services, and Chuck Bassett. Foote did not appear for her hearing, and members discussed her absence and alleged omissions in her disclosure materials, including prior service with Planned Parenthood-related organizations. The committee then moved to reject her nomination, and the motion passed 3-2, recommending that the full Senate reject Mary Foote. Debbie Johnston, nominee to lead the Department of Health Services, appeared and gave an opening statement describing her Arizona background, prior Senate staff work, and more than 20 years with the Arizona Hospital and Health Care Association. She said her priorities at ADHS include rebuilding trust in public health licensing, improving stakeholder engagement, standardizing rulemaking communication, addressing alleged religious discrimination and retaliation concerns in licensing, and using technology and AI to improve efficiency. In questioning, senators pressed her on her management style, conflict-of-interest safeguards given her prior industry role, enforcement priorities, budget pressures, behavioral health and assisted living oversight, and the department’s response to COVID-19. Johnston said she would follow statutes, recuse herself from enforcement matters involving former contacts, and resign if directed to carry out an unlawful policy. She also said the department does not regulate therapy itself, only facilities, and that it would rely on legal counsel regarding the governor’s conversion-therapy executive order and related federal civil-rights allegations. Several senators focused on public health trust and the department’s pandemic response, with Johnston acknowledging concerns about closures, data collection, and communication during COVID-19 while saying she would review past after-action materials and be better prepared in the future. Public testimony from stakeholders in aging services and health care strongly supported her confirmation, praising her accessibility, responsiveness, and collaborative approach. After testimony, the vice chair moved to recommend Johnston’s confirmation to the full Senate. The roll call was underway when the transcript ended, with several members voting aye and one member expressing reservations about her not reviewing the pandemic after-action report before another crisis occurs.
FL

Florida 2026 Regular Session

Senate in Special Session E May 29th, 2026

Florida Senate Floor Meeting

Transcript Highlights:
  • So the language directs OPAGA to go find a third-party, independent organization with actuarial expertise
  • to be able to identify... ...with actuarial expertise to be able to identify where the funding needs
  • ...with actuarial expertise to be able to identify where the funding needs to be, where the shortfalls
Summary: The Senate convened with prayer and the Pledge of Allegiance, then moved to the conference report on House Bill 501E, the General Appropriations Act for fiscal year 2026-27. Budget chairs presented the major spending areas, describing a $114.5 billion overall budget that they said was fiscally responsible and below the prior year’s spending. Highlights included pay increases and retirement adjustments for public safety employees, education funding for K-12, higher education, health and human services, criminal justice, transportation, environmental programs, and agriculture/regulatory agencies. Members then questioned chairs on several items. In education, senators discussed K-12 declining enrollment funding, teacher salary set-asides, private school scholarship spending, mental health funding, preeminence funding for universities, the Hamilton Center at UF, and charter school PICO funding. In health and human services, questions focused on the iBudget waiver waitlist, provider rates, ADAP/HIV funding and the return of Biktarvy to the formulary, KidCare, rural health funding, SNAP-related IT and error reduction efforts, and the IDD managed care program. In criminal justice, senators asked about correctional officer pay, prison staffing and infrastructure, air conditioning in prisons, juvenile justice facilities, law enforcement recruitment, and court system funding. Environmental and transportation questions covered Florida Forever, water quality, state parks, water projects, housing, elections funding, and emergency management. Several specific actions and explanations were given during debate: the budget includes $8.8 million for state attorney competitive area differentials but no funding for public defender CAD requests; assistant state attorneys will start at $70,000 and assistant public defenders at $65,000; the battery disposal issue was described as a temporary study/preemption approach; and the Senate said the budget does not fund Medicaid expansion, preeminence funding, or the SunBucks Summer EBT state share. Senators also noted that some proposals discussed in committee did not make it into the final budget. The transcript ends with debate statements from members praising the budget process and Chair Hooper, while also expressing concerns about public schools, health care access, affordability, and the lack of funding for certain priorities.
FL

Florida 2025 Regular Session

Appropriations Committee on Health and Human Services Apr 15th, 2025

Appropriations Committee on Health and Human Services

Transcript Highlights:
  • It provides the legislature with an actuarial process for reviewing that decision and conducts metrics-based
  • I think the biggest thing that this will do, by providing an actuary to what I would say is our side,
  • Because if it's $100 million, I'd like an actuary that we pay to tell me that that's the correct number
Summary: The committee took up a series of health and human services bills, beginning with CS/SB 1602, which would require emergency departments to have evidence-based pediatric care protocols, training, appropriate child-sized equipment and medications, a designated care coordinator, and participation in a pediatric readiness assessment. It was reported favorably. CS/SB 1224 followed, aligning Florida law with federal requirements so paramedics may administer controlled substances in the field under physician or nurse practitioner protocols; it also passed favorably after supportive testimony from fire chiefs. The committee then adopted a strike-all for SB 890, the Emily Adkins Family Protection Act, which addresses venous thromboembolism by creating a statewide registry, requiring screening and training in hospitals and long-term care settings, and adding assisted living facility response requirements. Assisted living representatives objected to the ALF provisions as unrealistic and potentially harmful, while supporters argued the bill would save lives; the bill was reported favorably. CS/SB 1182, requiring continuous glucose monitors to be covered as both durable medical equipment and a pharmacy benefit, also passed favorably with support from AARP. The committee next considered CS/SB 12, a claim bill for a child severely injured after a DCF home visit allegedly failed to meet standards, and it was reported favorably without opposition. CS/CS/SB 954, dealing with substance abuse treatment centers and recovery residences, drew substantial debate. The bill would limit local zoning restrictions on treatment facilities and allow larger recovery residences if staffing ratios are increased; a late-filed amendment reduced the maximum active patients from 500 to 300. Municipal and county representatives warned that the bill could override local reasonable-accommodation efforts and create institutional-scale facilities, while supporters said housing is essential to recovery and that clustering concerns are overstated. The committee ultimately reported the bill favorably. CS/SB 1050, expanding the developmental disabilities pilot program statewide and creating a statewide family care council, also passed after extensive testimony from families and advocates. Supporters emphasized the long waitlist and the need for more services, while some speakers opposed managed care and warned about provider shortages and loss of individualized supports. Later, CS/SB 614, requiring a public educational webpage about background screening clearinghouse and level two screening requirements, was reported favorably. CS/SB 1578, which would require coverage for mammograms and supplemental breast cancer screening in certain circumstances, was also reported favorably. CS/SB 1060 created a joint legislative oversight committee to review Medicaid operations and financing; members discussed the need for stronger oversight of large midyear spending adjustments, and the bill passed favorably. CS/SB 1240, a Department of Children and Families substance abuse and mental health bill, was amended to clarify Baker Act transfer timing and notification requirements after debate over whether facilities could hold patients too long; it was then reported favorably. Finally, Senator Harrell presented CS/SB 526, a major nursing education bill aimed at Florida’s low NCLEX passage rates. The bill would require nursing programs to use exit exams, remediation, reporting, and stricter oversight, and the strike-all would add graduate preceptorships for low-performing programs and temporary provisional licenses for graduates pending NCLEX passage. The transcript ended while that bill was still being explained, before final action was taken.
CA

California 2025-2026 Regular Session

Senate Insurance Committee Apr 8th, 2026

Insurance

Transcript Highlights:
  • We're going to price this based on all of the actuarial losses for years past: what percentage are people
  • That is our legal actuaries folks that do that, and then they bring that to me as the last, you know,
Committee: Senate Insurance
Summary: The committee first heard SB 1315 by Senator Cabaldon, the “Drive My Car Act,” which was described as a forward-looking bill aimed at ensuring that owners of vehicles with advanced autonomous or software-driven features retain the right to drive their own cars. Cabaldon explained that, after discussions with stakeholders, the bill would likely be redirected out of the insurance space and into transportation to address concerns about mandatory software updates disabling human driving. Members broadly praised the concept as a timely response to emerging technology, and there was no opposition testimony. The committee voted the bill out on a due pass motion to the Transportation Committee, with members voting aye and the bill held on call until all votes were recorded. The committee then took up SB 876, the Disaster Recovery Reform Act, presented by the Insurance Commissioner and supported by the committee chair. The bill was framed as a comprehensive response to wildfire disaster claims problems, especially after the Los Angeles-area fires, and would require more accurate replacement-cost estimates, stronger optional extended replacement-cost coverage, improved building code upgrade coverage, faster claim payments, clearer adjuster communication, pre-disaster emergency response plans, and stronger penalties and restitution for unfair claims handling. Supporters, including United Policyholders, California Environmental Voters, the Los Angeles Mayor’s office, AARP California, and consumer advocates, said the bill would help survivors avoid underinsurance, delays, and repeated trauma in the claims process. Opposition came from several insurance and industry groups, including APCIA, the Personal Insurance Federation of California, the Pacific Association of Domestic Insurance Companies, the Civil Justice Association of California, and the California Building Industry Association. They argued the bill remained too broad, would raise premiums, reduce flexibility, and could worsen availability in an already fragile market, especially because of mandatory coverage expansions and faster payout requirements. Committee members questioned both sides extensively about cost, optional versus mandatory provisions, contents coverage, ALE limits, building code upgrades, and rate-setting timelines. The committee ultimately passed SB 876 as amended to the Judiciary Committee on a due pass motion, with one no vote from Vice Chair Niello and the remaining recorded members voting aye; the bill was held open briefly to add a missing vote before the committee adjourned.
CA

California 2025-2026 Regular Session

Assembly Insurance Committee Feb 18th, 2026

Insurance

Transcript Highlights:
  • We are also continuing to use actuarial and rate review consultants, supported by your budget authority
  • We are also continuing to use actuarial and rate review consultants, supported by your budget authority
Committee: House Insurance
AL

Alabama 2026 Regular Session

Alabama House Ways and Means General Fund Committee Feb 11th, 2026

Ways and Means General Fund

Transcript Highlights:
  • Um, it's also been funded at a higher employer contribution rate than even the actuaries had calculated
  • Um, it's also been funded at a higher employer contribution rate than even the actuaries had calculated
Bills: HB304 , HB285 , HB312 , HB311 , SB60 , HB304 , HB285 , HB312 , HB311 , SB60
ND

North Dakota 2026 1st Special Session

Joint Appropriations Jan 21st, 2026 at 10:30 am

Appropriations

Transcript Highlights:
  • And so there's plenty of money for technical assistance to come in and do the actuarial analysis of what
  • And so there's plenty of money for technical assistance to come in and do the actuarial analysis of what
Bills: HB1623
Summary: The committee heard House Bill 1623, the appropriations bill tied to North Dakota’s Rural Health Transformation Program, which is funded through a new federal rural health care grant. Senator Bekkedahl explained the bill’s background, the interim committee process that developed it, and the federal conditions attached to the award, including spending deadlines, administrative cost limits, and restrictions on uses such as new construction, supplanting existing funding, and certain other costs. Legislative staff then walked through the seven sections of the bill, including appropriation authority, transfer authority, contingent appropriations for pass-through grants, procurement and public improvement exemptions, recipient reporting, legislative reporting, and immediate effective date. Commissioner Traynor and HHS staff described how the department plans to implement the program, emphasizing that the funding is intended to improve rural access, workforce recruitment and retention, technology and data connectivity, and community health initiatives. They said the department will rely on local applications, technical assistance, templates, listening sessions, and partnerships with providers, schools, public health units, tribal entities, and other community groups. Members asked about reimbursement timing, upfront costs, administrative expenses, sustainability after the five-year grant period, and whether CTE centers, public health units, gyms, grocery stores, and other community partners could participate; the department said yes, within program rules and with a focus on measurable outcomes and sustainability. Several supporters testified in favor. Mental Health America of North Dakota and the Mental Health Advocacy Network supported the bill and urged investment in community-based mental health, crisis response, children’s services, peer support, and mobile crisis teams. HIA Health described the grant as a chance to expand home-based and hospice care, noting that rural providers already have workable models but need funding to scale them. A cybersecurity representative also supported the bill, warning that the large amount of health data and AI-related tools will require strong data protection and professional support. The hearing was closed with no opposition testimony, and the committee announced it would return later in the day for further work on the bill and other measures.
MO

Missouri 2026 Regular Session

Corrections and Public Institutions Jan 14th, 2026

Corrections and Public Institutions

Transcript Highlights:
  • We are looking at their existing in-state contract for a health care actuary.
  • No, no, we will have to hire a health care actuary in order to generate that analysis.
TX

Texas 89th Regular

S/C on Disease Prevention & Women's & Children's Health Apr 17th, 2025

S/C on Disease Prevention & Women's & Children's Health

Transcript Highlights:
  • way of background, we've literally invested hundreds of thousands of dollars into a professional actuarial
  • It's an actuarial tool. Okay, I actually would love... I would love that.
ND

North Dakota 2025-2026 Regular Session

Senate Floor Session Apr 11th, 2025 at 12:30 pm

North Dakota Senate Floor Meeting

Transcript Highlights:
  • We get two actuarial reports.
  • system contracts, well, I don't need to name the firm, but I will tell you it's one of the largest actuarial
Summary: The Senate opened with prayer, the Pledge of Allegiance, and a quorum call showing 46 members present. It then took up multiple House messages and amendments, appointing conference committees on several measures, including SB 2007, SCR 4007, SB 2374, SB 233, and House bills 1029, 1218, and 1022. The chamber also considered a series of House bills on the sixth and 14th orders, often adopting committee amendments before final passage or, in some cases, rejecting the bill outright. Among the major policy items, the Senate passed HB 1524 on regional planning council grants, HB 1143 increasing a food bank appropriation to $10 million, HB 1126 modernizing cosmetology licensing and inspections, HB 1542 making student applications for admission exempt records, HB 1613 regulating law enforcement use of robots, HB 1582 directing a study on false reports and accusations, HB 1214 revising school transportation funding, HB 1448 creating a study on advanced technologies, HB 1280 on drainage project voting rules, HB 1499 protecting records related to federal judges, and several Senate bills returned from the House, including SB 2221, SB 2117, SB 2198, SB 2120, and SB 2214. The Senate also adopted amendments to HB 1541 on septic systems before rejecting it on final passage. Several high-profile bills failed after debate. HB 1566, dealing with kratom regulation, saw an amendment to convert it to a study fail on a 21-25 vote, after which the chamber laid the bill over for one legislative day rather than take final action. HB 1283, which would have eliminated cost-sharing for diagnostic and supplemental breast exams in the state employee plan, was defeated 22-24 after extensive debate over cost, precedent, and insurance impacts. HB 1527, requiring Holocaust education in statute, also failed 22-24, with supporters emphasizing the importance of the subject and opponents arguing curriculum belongs in standards rather than statute. The Senate adjourned after announcements, scheduling its next meeting for Monday, April 14, 2025.
WA

Washington 2025-2026 Regular Session

House Environment & Energy May 18th, 2026

Transcript Highlights:
  • The fair market valuation process is unclear, right? How is carbon sequestration monetized?
  • The fair market valuation process is unclear, right? How is carbon sequestration monetized?
Summary: The committee held an interim work session focused first on carbon capture, utilization, and sequestration (CCUS), then on hazardous waste and extended producer responsibility (EPR). On the CCUS topic, industry and nonprofit presenters described point-source capture, direct air capture, mineralization, and geologic sequestration, emphasizing Washington’s basalt formations and state trust lands as strong candidates for storage. They argued that CCUS can help hard-to-abate industrial sectors, support jobs and investment, and provide a pathway for compliance, while also noting the need for clearer permitting, subsurface rights, pipeline authority, and storage infrastructure. Ecology and Commerce staff explained current state policy touchpoints, including Cap-and-Invest offsets and exemptions for permanently stored CO2, the public comment process underway to define “thousand-year” permanence, and how CCUS might fit within the Clean Energy Transformation Act without counting emitting generation as non-emitting. Some presenters supported more state action and primacy over federal permitting, while others warned about costs, energy use, uncertain capture performance, and the need to ensure real net greenhouse gas reductions and long-term liability protections. Members asked about public meetings, whether mineralized carbon would qualify as exempt under the Climate Commitment Act, the timeline for Ecology guidance, aquifer and water-quality concerns, energy intensity of capture systems, and liability if storage later proves problematic. Responses said Ecology’s guidance process is already underway, public meetings will be virtual, mineralized carbon would likely qualify if it meets the permanence standard, and EPA rules require storage in deep saline formations below drinking water aquifers. Industry speakers said capture energy use varies by source and concentration, and one presenter noted that some states use trust funds funded by injectors to address long-term liability. The second half of the session shifted to hazardous waste and EPR. Ecology staff reviewed existing product stewardship programs for electronics, paint, batteries, and mercury lights, and described moderate risk waste and household hazardous waste management in Washington. They highlighted that E-Cycle and PaintCare are producer-funded, that the battery stewardship program will begin in 2027, and that the mercury lamp program is in transition after its prior stewardship organization exited, prompting enforcement notices and a pending replacement plan. Ecology recommended best practices for future EPR programs, including clear producer and product definitions, full producer funding, convenience standards, annual reporting, and strong agency enforcement and plan approval authority. Local government speakers from King County and Douglas County described rising collection costs, equity and access barriers, rural travel distances, and the need for stable funding and flexible local implementation. King County said it collected over 3 million pounds of hazardous products in 2025 and supports EPR as a way to shift costs from ratepayers to producers, while Douglas County emphasized that rural residents will participate when services are accessible and that future systems should account for geography and local infrastructure.
NY

New York 2025-2026 Regular Session

New York State Senate Session - 02/11/2026

New York Senate Floor Meeting

Transcript Highlights:
  • >> Through you, Madam President, it is difficult to put a valuation on that statement.
  • IT IS DIFFICULT TO PUT A VALUATION ON THAT STATEMENT.
Summary: The Senate first handled routine business, approving the prior journal and taking up several messages and motions. A Rules Committee report was accepted on Senate Print 915, a Cannabis Law bill, and the chamber then moved to debate that measure on the controversial calendar. The bill was described by supporters as clarifying how distances are measured for adult-use cannabis dispensaries near schools and houses of worship, with the sponsor saying it would create statewide consistency and provide clearer direction to the Office of Cannabis Management. Opponents argued it would weaken protections for children and churches, reward agency mistakes, and allow dispensaries to be sited closer to school property than intended. After extended debate, the Senate passed the bill 36-23. The cannabis debate centered on whether the bill merely clarifies legislative intent or substantively changes the law. Supporters said the current language left measurement methods undefined and that the bill would help legal dispensaries, reduce confusion, and push back illicit stores. Opponents said the original law already protected school grounds and houses of worship, and that the new language would allow dispensaries to abut school playgrounds, fields, or church-related property in some cases. Several senators also raised concerns about youth exposure, public consumption, local zoning, and the performance of the Office of Cannabis Management. After the vote, the Senate returned to the calendar and passed additional measures, including Calendar 121 (Public Authorities Law), Calendar 170 (Public Health Law), and Calendar 190 (Labor Law), each by comfortable margins. The chamber also adopted a resolution package honoring Burnt Hills-Ballston Lake High School’s boys cross country team and girls field hockey team for state championships, with Senator Tedisco introducing the guests. Later, the Senate passed Senate Print 6990A, the Civil Voice Law, which requires state agencies to conduct exit interviews for employees who resign or retire. Supporters said the bill would improve accountability, morale, and retention by standardizing a way to hear from departing workers. The bill received affirmative explanations of vote from Senator Jackson and others, and the Senate continued through the calendar after its passage.
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Jan 29th, 2026

Transcript Highlights:
  • measuring that and coming up with ways to reduce and decarbonize, that’s going to affect the long-term valuations
  • measuring that and coming up with ways to reduce and decarbonize, that’s going to affect the long-term valuations
Summary: The committee began with a work session from the State Investment Board, where staff described the board’s structure, $230 billion in assets under management, and its mandate to maximize returns at a prudent level of risk for pension and other state funds. They reviewed long-term performance, noting strong historical returns and explaining that the board generally invests public equities passively through low-cost index funds. Members also discussed sustainability practices, including ESG integration, proxy voting, climate and DEI blueprints, and the board’s view that divestment or asset-class restrictions can reduce returns and increase costs. Senators asked about deferred compensation, legislative influence over investment policy, and digital assets; staff said the board is slow-moving and that any major change would be studied carefully. The public hearing then focused on SB 5439, which would prohibit new thermal coal investments beginning in 2026 and require full divestment by 2030, with limited exceptions. Supporters argued coal is a poor long-term investment and a major climate and health risk, and several said the bill still gives the board flexibility to retain holdings in companies transitioning to clean energy. The committee also heard testimony on SB 6109, which would bar investments in private detention facilities and require divestment by 2030; supporters said state money should not profit from immigrant detention, while staff confirmed the board currently holds a small investment in Geo Group. SB 6304 would require responsible investment principles for the State Investment Board, including consideration of human rights, environmental degradation, corruption, and related risks, along with proxy voting guidelines and annual reporting. Testimony in favor emphasized ethical investing, climate risk, and avoiding complicity in human rights abuses, while board staff had earlier said they view such decisions through an investment-risk lens rather than a values-based lens. The committee also heard Substitute SB 5945, which would exclude most offenses committed before age 18 from counting as strikes under the state’s persistent offender law and would allow retroactive resentencing for affected people, with exceptions for first- and second-degree murder and serious sex offenses. Staff said the substitute would likely affect fewer cases than the original bill, with estimates ranging from about 10 to 24 resentencings. Public defense, prosecutors, and sheriffs’ representatives raised concerns about workload, victim impacts, and retroactive application, while supporters and pro bono providers said they were prepared to help with resentencing and reentry support. No votes were taken during the hearing.
WA

Washington 2025-2026 Regular Session

House Environment & Energy Dec 4th, 2025 at 08:00 am

Environment & Energy

Transcript Highlights:
  • And I'm asking a gentleman to sign a lien and have a negative valuation on his life's work.
  • And I'm asking a gentleman to sign a lien and have a negative valuation on his life's work.
Summary: The committee first heard an update on the Model Toxics Control Act (MOTCA) and related cleanup programs. Department of Ecology staff described how MOTCA and the hazardous substance tax fund cleanup, prevention, stormwater, and other environmental work across state agencies, but warned that forecasted revenues have fallen while appropriations and transfers have outpaced incoming funds. Ecology said the operating account will require spending reductions to stay solvent this biennium, and that further cuts may be needed if forecasts worsen. Ecology also reviewed the state cleanup process and the scale of the problem, noting more sites are being discovered each year than are being cleaned up. The Pollution Liability Insurance Agency said its dedicated petroleum-tax-funded accounts remain stable, and highlighted its newer financial assurance and heating oil loan/grant programs, while noting concerns about equity for small property owners facing large cleanup liens. Practitioners and stakeholders then offered differing views on how MOTCA should work. One cleanup attorney argued the program has become too slow, expensive, and process-heavy, and urged a more risk-based, collaborative approach with less reliance on conservative assumptions. Environmental and community advocates countered that MOTCA is essential for cleanup, pollution prevention, stormwater control, and public participation, especially in communities of color and low-income neighborhoods that bear disproportionate toxic burdens; they urged stronger funding, tighter scrutiny of tax exemptions and budget diversions, and more accountability for stormwater spending. Port and city representatives emphasized that MOTCA grants are critical for large brownfield and waterfront cleanup projects that support redevelopment, but said long timelines, permitting delays, and funding uncertainty can stall projects and jeopardize existing commitments. The committee then shifted to utility wildfire risk. Staff summarized recent legislation on wildfire mitigation plans, captive insurance, securitization, and the wildfire response and resilience account. Chelan PUD described extensive mitigation work including vegetation management, grid hardening, undergrounding, AI cameras, weather stations, and partnerships on forest-health projects, and asked the Legislature to restore funding to the wildfire response and resilience account. Puget Sound Energy described similar investments across its service territory, including undergrounding, tree wire, sensors, cameras, weather stations, drones, and public safety power shutoffs, and said wildfire is its top risk. The Office of the Insurance Commissioner summarized a 2022 utility liability market study and a 2025 wildfire mitigation work group, recommending restored community resilience funding, clearer wildfire risk information for property owners, and a grant program based on recognized home-hardening standards. Committee members asked about insurance cancellations, neighborhood-level risk, and whether utilities’ or insurers’ maps are used; the commissioner’s office said insurers generally use their own data and that Washington’s FAIR Plan remains small compared with other states.
TX

Texas 89th Regular

Land & Resource Management May 8th, 2025

Land & Resource Management

Transcript Highlights:
  • It's increasing valuations, and demand skyrockets for homes, and over-occupancy pressure ensues, which
  • So the way that the valuation works is if you take, like, say you took 30 feet of someone's property
Bills: HB5489 , HB5695 , HB5699 , SB291 , SB292
TX

Texas 89th Regular

Ways & Means Feb 25th, 2025

Ways & Means

Transcript Highlights:
  • Did you think the changes in valuations impact the studies at all or were they new findings?
  • a reconciliation. they're done by the control or anywhere else that looks at the differences in valuations
Committee: House Ways & Means