Video & Transcript Research : 'premium stabilization'
Page 78 of 346
AZ
Arizona 2026 Regular Session
05/06/2026 - Joint Legislative Budget Committee
Joint Legislative Budget Committee
Transcript Highlights:
- seven million dollars from the risk management revolving fund, from the risk management losses and premiums
- seven million dollars from the risk management revolving fund, from the risk management losses and premiums
- Five million would be transferred into the workers' compensation losses and premiums line item to pay
FL
Transcript Highlights:
- The business community came to the legislature and said, don't increase our insurance premiums, because
- Don't increase our insurance premiums. The legislature said yes.
- The business community came to the legislature and said, don't increase our insurance premiums, because
- Don't increase our insurance premiums. The legislature said yes.
- would love to keep paying $7 a month per employee, keep those benefits the same so that insurance premiums
Summary:
The Commerce and Tourism Committee first heard SB 410, which would add current and former licensed private investigators, and their spouses and children, to the list of people whose home address, phone number, date of birth, photographs, and related family information are exempt from public records disclosure. Sponsor Senator Trunow said the exemption is meant to protect investigators who work on sensitive matters such as fraud, missing persons, human trafficking, and abuse cases and may face retaliation. After a technical amendment was adopted, the committee heard testimony from a private investigator describing threats and safety concerns, then voted to report the bill favorably as CS/SB 410.
The committee then took up SB 216 on reemployment assistance eligibility verification. Senator McClain said the bill is intended to combat unemployment fraud by requiring claimants to contact five prospective employers per week, appear for scheduled interviews, and undergo regular identity, immigration, employment, and incarceration checks, with fraud information shared among agencies and published annually. Opponents, including labor advocates and representatives of construction and rural workers, argued the bill would add barriers for legitimate claimants, worsen Florida’s already low recipiency rate, and create problems for seasonal, rural, and transportation-limited workers. Supporters said the system needs stronger fraud controls and that employers and taxpayers bear real costs from noncompliance. The committee reported SB 216 favorably after debate.
In routine open-government sunset review business, the committee approved two committee bills. SPB 7014 extends for five years a public records exemption tied to Department of Legal Affairs investigations of a social media standards law, with staff noting the exemption has not been used because of ongoing constitutional litigation. SPB 7016 preserves a public records exemption for certain financial information held by an economic development agency when administering state or federally funded small business loan programs; supporters said the exemption protects applicants from fraud and harassment, while Senator Smith said he would vote no to remain consistent with his prior opposition. Both measures were submitted as committee bills and reported favorably, and the committee adjourned.
FL
Florida 2026 5th Special Session
FL House Floor Session - 2026-06-02 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- public watching that water management district boards are essential to our public health, economic stability
- Families are facing rising housing costs, skyrocketing insurance premiums, and a cost-of-living crisis
- Consider narrowly tailored progressive revenues that preserve local funding stability instead of dismantling
- Consider narrowly tailored progressive revenues that preserve local funding stability instead of dismantling
Summary:
The House took up the special order calendar for a proposed constitutional amendment on property taxes, CS/HJR 1F, which would create a new homestead exemption for non-school taxes, lower the annual assessment cap on non-homestead property, and restrict how counties and municipalities may use ad valorem tax revenue. The sponsor, Rep. Overdorf, said the measure would give homeowners tax relief and argued local governments could adjust spending or use other revenue sources. Opponents repeatedly questioned the ballot language, the lack of a fiscal estimate or backfill, and the potential impact on local services, public safety, and debt obligations. The House adopted the special order report and then debated the resolution and a series of amendments.
Several amendments were offered to carve out or protect specific services from the tax changes. Rep. Bartleman’s amendment to protect Children’s Services Councils and Children’s Trusts was supported by members who said those entities fund early learning, mental health, aftercare, and other services for children and working families, but it failed 25-74. Rep. Cross offered an amendment to include water management districts in allowable ad valorem uses, warning of impacts on flood control, water quality, Everglades restoration, and water supply; that amendment also failed. Rep. Eskamani offered an amendment requiring the Legislature to backfill public safety funding if local revenues fall, arguing police and fire services, staffing, and response times would be at risk; it failed 25-71.
The chamber then rejected Rep. Woodson’s amendment to require state backfill for senior services, with supporters citing Meals on Wheels, transportation, adult day care, and other local senior programs, and opponents saying the proposal was outside the bill’s scope. Finally, Rep. Gant offered an amendment to protect veteran services, saying local governments fund housing, mental health, transition, and family support programs for veterans; debate emphasized the importance of honoring veterans and avoiding cuts to those services. The transcript cuts off during debate on that amendment, before a final vote is shown.
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-06-02 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- public watching that water management district boards are essential to our public health, economic stability
- Families are facing rising housing costs, skyrocketing insurance premiums, and a cost-of-living crisis
- Consider narrowly tailored progressive revenues that preserve local funding stability instead of dismantling
- Consider narrowly tailored progressive revenues that preserve local funding stability instead of dismantling
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 6 on Public Safety May 18th, 2026
Transcript Highlights:
- ongoing solutions proposed by the governor, make a $20 billion discretionary deposit into the Budget Stabilization
- not oppose the use of funds, primarily because we see the bridge contract as contributing toward stabilizing
- Updating call-handling equipment is a key part of stabilizing the existing system, and we agree with
- year, at a time when more vulnerable Californians are losing health care coverage, facing increased premiums
Summary:
Assembly Budget Subcommittee No. 6 heard the Governor’s May Revision proposals for the judicial branch, the Board of State and Community Corrections, the Department of Justice, and the California Department of Corrections and Rehabilitation. The Legislative Analyst’s Office opened with a warning that the state budget remains structurally imbalanced and urged the Legislature to avoid new ongoing spending unless offset by reductions elsewhere. In the judicial branch discussion, the Judicial Council highlighted language access funding, appellate court security, a backfill for the state court facilities construction fund, and an extension of the lactation room mandate; Finance supported most items but suggested reporting language on interpreter costs and reducing the General Fund backfill. Members raised concerns about judicial vacancies, long-term salary freezes, remote hearings, and the lack of progress on court staffing in some counties.
For the Board of State and Community Corrections, the administration proposed $10 million one-time each for the Missing and Murdered Indigenous People grant program and a human trafficking vertical prosecution grant program. The LAO said both should be weighed against other priorities and suggested the Legislature consider whether the Tribal Nations Grant Fund could support MMIP work, while Finance said it preferred General Fund support and wanted more review before any fund swap. Members strongly supported MMIP funding and asked whether ongoing support would be considered. On the human trafficking grant, Finance said BSC was a good fit because of its grant administration experience and prior vertical prosecution work, while legislators asked why the program was not placed with the Office of Emergency Services as originally contemplated in prior legislation.
The Department of Justice presented antitrust litigation funding, Medi-Cal Fraud and Elder Abuse staffing, completion of organized retail criminal enterprise cases, and trailer bill language for a continuous appropriation from the Victims of Consumer Fraud Restitution Fund. The LAO supported the antitrust account use but questioned the Unfair Competition Law Fund’s ability to cover the full request without General Fund repayment, and recommended against a continuous appropriation for the restitution fund in favor of a more limited mechanism with legislative oversight. Finance said the fund would remain solvent and defended the continuous appropriation as necessary to pay victims promptly. In the CDCR portion, the largest discussion centered on the Boston Consulting Group efficiency review and sharply reduced savings estimates; LAO said the department had not fully explained the proposed position eliminations or future $100 million savings target, while Finance said the work reflected deeper analysis and ongoing efforts to find savings. Members repeatedly pressed CDCR and Finance on the gap between earlier promised savings and the revised figures.
CDCR also outlined population projections showing continued declines in prison and parole populations, while LAO again urged the state to close an additional prison to save ongoing costs. The department then walked through several May Revision items, including workers’ compensation funding, a Corcoran honor housing dorm, incarcerated firefighter pay implementation, an incarcerated menopause program, mental health receiver staffing, mental health resource teams and crisis intervention teams, medical classification staffing changes, and AI note-taking for the electronic health record. LAO generally recommended limiting-term funding and more reporting for many of these proposals, while Finance defended them as necessary ongoing investments or court-ordered obligations. Members questioned the cost of workers’ compensation, the need for more prison closures, the lack of funding for women’s facility violence prevention, and the timing and transparency of the BCG savings process. No votes were taken.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 1 on Health Mar 17th, 2025
Transcript Highlights:
- million related to growth in managed care rates, changes in projected enrollment, growth in Medicare premiums
- conversation regarding last week's loan and what it signals about the overall financial health and stability
- Proposition 35 diverts future Medi-Cal funding that could have been used to stabilize Medi-Cal generally
- The rate stabilization provided under Prop 35 is essential to addressing this issue, particularly since
NH
New Hampshire 2025 Regular Session
House Health, Human Services and Elderly Affairs (02/12/2025)
Health, Human Services & Elderly Affairs
Transcript Highlights:
- Foster Grandparent Program volunteers provide one-on-one support for children who benefit from the stability
- support for children who benefit from support for children who benefit from the<00:07:51.120>
stability - of the support of a the stability of the support of a grandparent<00:07:54.440>
there <00:07:54.560 - So this artificially increases health insurance premiums to consumers unfairly.
- You could get these advanced premium tax credits.
AZ
Arizona 2026 Regular Session
05/06/2026 - Joint Legislative Budget Committee
Joint Legislative Budget Committee
Transcript Highlights:
- seven million dollars from the risk management revolving fund, from the risk management losses and premiums
- seven million dollars from the risk management revolving fund, from the risk management losses and premiums
- Five million would be transferred into the workers' compensation losses and premiums line item to pay
Summary:
The Joint Legislative Budget Committee approved the minutes from its March 5, 2026 meeting and then entered executive session, where it approved a recommended settlement. After returning to open session, the committee took up the Attorney General’s opioid settlement expenditure plan. Staff explained that Arizona will receive opioid settlement funds over many years and that the FY 2026 budget appropriated $10 million for distribution to five counties. The plan would allocate $2 million each to Coconino, Mohave, Navajo, Pinal, and Yavapai counties. Members expressed support, noting the funds would continue programs they viewed as effective, and the committee gave the plan a favorable review.
The committee also considered an Arizona Department of Administration request to transfer $7 million within the risk management revolving fund. Of that amount, $5 million would go to workers’ compensation losses and premiums to cover higher program costs, and $2 million would go to administrative expenses for higher-than-budgeted Attorney General contracted legal costs. Members described the transfer as a routine budget adjustment, and the committee approved it.
Before adjournment, members asked staff about recent revenue trends, including April numbers and sports betting revenue. Staff said April data were still being analyzed and no definitive figures were available yet. On sports betting, staff said Arizona’s tax rate is in the range of other states but tends to be on the lower end. The committee then adjourned.
CA
California 2025-2026 Regular Session
Assembly Higher Education Committee Apr 21st, 2026
Transcript Highlights:
- At its core, this bill is about stability.
- This bill is about stability and consistency, making sure that students can stay on track even in the
- Our students depend on stability; they depend on continuity; they deserve a system that can respond when
- That stability helps small businesses grow and strengthens our regional economy.
- For them, a college degree is more than a milestone; it's a pathway to economic stability and upward
Summary:
The Assembly Higher Education Committee heard several measures focused on community college baccalaureate programs and trustee compensation. AB 2528 would raise the maximum monthly compensation cap for community college district trustees, with the author and supporters arguing the change is permissive, long overdue, and needed to make service more accessible to working people and better reflect community diversity. CSEA took a tweener position, warning about optics and asking for longer public notice before any compensation increase, while some members raised concerns about taxpayer costs and benefits. The bill was discussed but no final vote is reflected in the transcript excerpt.
The committee then took up AB 2053, which would authorize Coast Community College District to offer a cybersecurity bachelor’s degree. Supporters said the bill addresses a workforce shortage, serves working adults and veterans, and includes an LAO evaluation and a sunset. CSU and its Academic Senate opposed the bill, arguing it duplicates existing CSU programs and could set a precedent for more one-off degrees. Members also raised questions about funding, Prop. 98, and whether the program would divert resources; the author said the district already has funding and that the bill is a narrow pilot. The committee voted to do pass and re-refer the bill to Appropriations, with several ayes and some no votes, and the roll left open for additional members.
AB 2301, a pilot allowing up to 10 community college districts to offer nursing bachelor’s degrees, drew broad support from nursing, labor, and community college groups who said California faces a severe nursing shortage and that community colleges offer a more affordable pathway for working and rural students. CSU and other opponents argued existing ADN-to-BSN pathways are more efficient and that the bill could worsen competition for limited clinical placements and faculty. Members questioned funding and Prop. 98 impacts; the Chancellor’s Office said the pilot would not require new state funding and would rely on existing mechanisms such as Strong Workforce and nursing infrastructure grants. The committee voted to do pass and re-refer AB 2301 to Appropriations, with the roll again left open. The transcript then began AB 2694, a broader workforce-responsive baccalaureate expansion bill intended to address duplication rules and create a more flexible process for community college bachelor’s degrees, but the discussion was not completed in the excerpt.
NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Jan 23rd, 2025
House Appropriations & Finance
Transcript Highlights:
- What that funds is roughly a 10% premium increase.
- However, This, for your information, this $38 million would fund about 10% premium increases.
- Is it district by district that the premiums that the teachers are paying vary?
- When you talk about parity, I guess what I'm thinking of is the percent of the premium that the state
- was a bill two years... ago that created parity in terms of what the state—the percentage of the premium
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 14 Feb 24th, 2026 at 09:30 am
Oklahoma House Floor Meeting
Transcript Highlights:
- One, has anything come up so far about expectations on whether or not insurance premiums are likely to
- rise or... ...about expectations on whether or not insurance premiums are likely to rise, or is this
- The most recent is Iowa to do that and has not seen an increase in insurance premiums.
- ...has not seen an increase in insurance premiums. Representative Tedford, you recognized.
Bills:
HB1411, HB3143, HB3144, HB3901, HCR1019, HB3981, HB4248, HB3194, HB3849, HB4095, HB4302, HB3342, HB3344, HB3287, HB3645, HB3647, HB3930, HB3931, HB1818, HB4454, HB4336
Keywords:
True Grit Trail, Oklahoma, tourism, signage, Department of Transportation, state parks, historical sites, economic development, medical marijuana, license transfer, Oklahoma Medical Marijuana Authority, moratorium, business regulation, commercial grower licenses, licensing restrictions, agriculture, psychological autopsy, mental health, suicide prevention, state health department
FL
Florida 2025 Regular Session
Banking and Insurance Mar 10th, 2025
Transcript Highlights:
- Have you ever heard of an insurance company lowering the premium as it relates to a condo building?
- Because in my experience and I do every year, most companies say there's no change in premium.
- And most companies actually will actually put an additional premium on it because of the property damage
- know, an actual Is there actually actuarial bases that, you know, an actual reduction in insurance premiums
AL
Alabama 2025 Regular Session
Alabama House County and Municipal Government Committee Feb 26th, 2025
County and Municipal Government
Transcript Highlights:
- You get a 35% discount off of your wind premium. Your wind premium is obviously much more...
- The wind premium is obviously much more expensive in Mobile and Baldwin County than it would be anywhere
- My current premium is $1,800. If I do not recertify under the program, my insurance...
NH
New Hampshire 2025 Regular Session
House Finance Division I (02/19/2025)
Transcript Highlights:
- 00:13:09.600>
sustainability <00:13:10.600>and To promoting the sustainability and stability - You must do the same thing, you mentioned, like the premium-level type of product versus something that's
- 22:54.120>
the the same thing you mentioned like the the same thing you mentioned like the premium - eye Lev type of product versus premium eye Lev type of product versus something<01:22:58.360>
that's - planner to charge for the more premium planner to charge for the more premium spaces<01:23:31.639
Summary:
The committee first reviewed House Bill 1, focusing on the legislative branch budget, especially the Senate and House lines. Members discussed that the Senate’s fiscal year 2025 adjusted authorized amount was higher than 2024 actual spending, largely due to personnel, benefits, and travel, and one member proposed a $500,000 annual cut. Staff explained that any reduction would need to be allocated across specific line items such as personnel, benefits, and travel, and noted that the Senate budget is entirely General Funds. After discussion of how the adjusted authorized figures were calculated and why the branch no longer staffs some joint committees as it once did, the committee moved on without taking a vote on that section.
The committee then heard a detailed presentation from the New Hampshire Retirement System. NHRS officials described their statutory administrative budget, which is funded through the retirement trust rather than the General Fund, and said the FY 2026-2027 increase is driven by IT modernization, cybersecurity, a new strategic plan, and additional staff positions. They also reviewed the system’s funding progress, clean audit opinions, investment performance, and changes to asset allocation, while noting that several recent pension-related laws required major database changes. Members questioned the large increase in salaries and benefits, the need for new employees versus contractors, the purpose of training costs, and the source of the Group Two benefit funding. NHRS said the governor’s budget includes General Funds for Group Two benefit changes, with $5 million in FY 2026 and $27.9 million in FY 2027, and that the figures reflect the governor’s recommendation and related HB 2 provisions.
Committee members also asked about employer and employee contribution rates for Group Two police and fire members, which NHRS said were not included in the budget document but were about 31.2% for police and 30.35% for fire, with employee shares around 11.55% and 11.8%. The committee did not make a decision on the NHRS budget during this exchange and indicated it would review the details further before returning to it later.
The committee then heard from the Community Development Finance Authority on the State Treasury Department budget line for the required state match to administer the federal Community Development Block Grant program. CDFA explained that its $280,000 annual request for FY 2026 and FY 2027, totaling $560,000, supports administration, technical assistance, contracting, and monitoring of roughly $19 million in annual federal CDBG funds. Members asked about the leverage of the state match, oversight of projects, staffing, and grant prioritization. CDFA said it has 18 employees, uses public hearings and a scoring system to prioritize awards, and conducts both desk and on-site monitoring, with annual audits to ensure compliance. No vote was taken on the CDFA item in the portion provided.
WY
Wyoming 2026 Regular Session
Joint Minerals, Business & Economic Development Committee, June 5, 2026
Minerals, Business & Economic Development
Transcript Highlights:
- <00:20:13.280>
reserve legislative stabilization reserve legislative stabilization reserve - Page 10 stabilization reserve account.
- The Legislative Stabilization Reserve Account.
- Legislative Stabilization Reserve Account is certainly another option.
- Legislative<02:21:20.479>
stabilization <02:21:21.280>reserve Legislative stabilization
TX
Texas 89th Regular
Trade, Workforce & Economic Development Apr 15th, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- This will not increase the cost of roofing or insurance premiums.
- years, we rely so much on the relationship with our subcontractors and trade partners, and on their stability
- Withholding that money takes all the stability and cash flow from our business and from our trade partners
Bills:
HB2963, HB3005, HB3287, HB3288, HB3289, HB3290, HB3344, HB3712, HB3862, HB3874, HB4196, HB4308, HB4901, HB4984
Keywords:
digital equipment, repair rights, manufacturers, maintenance, consumer rights, construction contracts, payment regulations, public works, dispute resolution, audit procedures, construction, trust funds, mechanic's lien, contractor, subcontractor, residential properties, disputes, payment obligations, accountability, payment disputes
CA
California 2025-2026 Regular Session
Joint Hearing Human Services and Agriculture Committee Mar 26th, 2025
Transcript Highlights:
- spending on hunger can at the very same time support how we mitigate the effects of climate change, stabilize
- entity certify a number of farms in relationship so that each one of them don't have to pay higher premiums
- So we need to think about the incentives and ways to stabilize our markets for our producers.
Summary:
The joint oversight hearing focused on food insecurity in California and how state and federal nutrition programs, agricultural production, and food distribution systems intersect. Assemblymembers emphasized that many Californians, including farmworkers, seniors, children, and communities of color, remain food insecure despite California’s agricultural abundance. Panelists and members discussed CalFresh, WIC, school meals, Sun Bucks, food banks, and the impact of federal policy changes, including possible nutrition cuts, tariffs, and immigration enforcement, on access to food and the agricultural workforce.
Secretary Karen Ross described CDFA programs aimed at improving access to fresh food and supporting local agriculture, including the senior farmers’ market program, California Nutrition Incentive Program, Healthy Refrigeration Grant Program, Community Food Hubs, Farm to School, urban agriculture, and a proposed tribal food sovereignty program. She said these efforts help connect local producers to consumers, expand healthy food access, and build infrastructure such as refrigeration, mobile markets, and aggregation hubs. Department of Social Services Deputy Director Alexis Fernandez Garcia outlined CalFresh, CFAP, Sun Bucks, CACFP, emergency food programs, and tribal nutrition assistance, noting that CalFresh and related programs significantly reduce poverty and food insecurity, but participation gaps remain for non-English speakers, some Asian American communities, and undocumented households.
PPIC researcher Tess Thorman presented data showing that 13% of California households experienced food insecurity in 2023, with higher rates among households with children and Latino, Black, and other households. She said nutrition programs reduce poverty and food hardship, but federal rules, income thresholds, immigration restrictions, and high living costs limit their reach. Members asked about simplifying applications, improving call center access, increasing outreach in multiple languages, and adjusting benefits for inflation. Officials said the state has used available federal options to streamline enrollment, improve customer service, and target outreach, but many core rules and benefit levels are set federally.
The second panel shifted to food production and market access. A farmer, a UC food systems leader, and a produce distributor described efforts to connect small and medium farms with food banks, schools, universities, and Medi-Cal food-as-medicine programs. They highlighted programs such as Farms Together, the USDA Southwest Regional Food Business Center, Farm to School, food hubs, and climate-smart infrastructure grants as ways to create stable markets for local growers while improving food access. Speakers also raised concerns about land tenure, consolidation, regulatory burdens, labor constraints, and the loss of federal funding, and members discussed whether state investments and Prop. 4 funds could help sustain and expand these efforts.
AR
Arkansas 2026 Regular Session
INSURANCE & COMMERCE - SENATE AND HOUSE Feb 13th, 2026
Transcript Highlights:
- The impact to the consumer is estimated at $400 or $700 in increased premium payments.
- Premium finance, kind of a... Premium finance, kind of the same scheme in a different variant.
- finance company and gets the premium finance company to fund a policy that's already been paid, and
- But if he can't, what ends up happening is the premium finance company goes to the farmer and says, '
- This is where an individual has a policy, they don't pay their premium, their policy cancels, they get
Summary:
A joint House-Senate Insurance and Commerce meeting focused on the growing threat of financial fraud in Arkansas, with members and witnesses describing scams targeting seniors, small businesses, and working families. The committee first approved the November 3, 2025 minutes, then heard from the Arkansas Bankers Association, the American Bankers Association, banks, the Attorney General’s Consumer Protection Division, the Arkansas Mortgage Bankers Association, the State Bank and Securities Department, the Insurance Department, and AARP. Witnesses described common schemes including spoofed bank calls and texts, government imposter scams, romance and investment scams, business email compromise, fake job postings, gift card scams, check fraud, wire fraud, reverse mortgage scams, identity theft, and insurance fraud. Several witnesses emphasized that cryptocurrency kiosks and crypto transfers make recovery difficult or impossible, and that artificial intelligence is making scams more convincing and scalable.
Witnesses repeatedly stressed education, verification, and coordination among banks, law enforcement, regulators, and consumers. Bank and mortgage representatives urged consumers to slow down, independently verify wire instructions, avoid clicking unexpected links, use tap-to-pay rather than chip or swipe when possible, and never share account credentials or one-time codes. The Attorney General’s office said it investigates consumer complaints, mediates disputes, works with social media platforms to remove scam ads, and recently created a Financial Fraud Task Force with bankers and other stakeholders. The State Bank and Securities Commissioner highlighted the Safe AR Act, the state’s crypto kiosk framework, and fraud education efforts such as “fraud bingo,” while the Insurance Department described its law-enforcement role and a range of insurance-related fraud schemes it prosecutes. AARP said fraud is widespread and underreported, especially among older adults.
Members asked about reporting scams, how losses are handled, whether tap is safer than chip, how crypto fraud works, whether Arkansas has model legislation to address telecom and social media impersonation, and how local law enforcement and state agencies coordinate investigations. Witnesses said banks generally absorb much of the financial loss under federal rules, while consumers bear the inconvenience and account changes. Several witnesses said Arkansas should consider additional legislation to hold telecom companies and social media platforms accountable for spoofed caller IDs and impersonation ads, and one witness said a federal Scam Act is moving in Congress. No additional votes or formal actions were taken beyond approval of the minutes, but witnesses agreed to share consumer education materials and model legislation with committee staff.
FL
Florida 2026 4th Special Session
February 11, 2026 - 09:00 AM
Transcript Highlights:
- So currently with property insurance, there are models that guide future premiums and how to set rates
- is coming back, and I heard you say you're putting it back into the marketplace, which is driving premiums
- down, I Say you're putting it back into the marketplace, which is driving premiums down.
- It’s going back to the policyholder in the way of new premiums. No, ma’am.
- But we were discussing several years back, a couple years back, Florida writes and premiums over $280
Summary:
The Insurance and Banking Subcommittee met to hear and vote on several bills, with all measures reported favorably. The first major item was PCS for HB 175 on payment stablecoins, which would create a Florida regulatory framework aligned with the federal GENIUS Act so issuers can choose state regulation instead of federal licensing. Members asked extensive questions about how stablecoins differ from other digital assets, whether Florida would need federal approval, and what impact the bill would have on the Office of Financial Regulation; the sponsor and OFR said the state framework would mirror federal standards and that any workload increase was currently indeterminate. The PCS passed unanimously after testimony from OFR and the Florida Blockchain Business Association in support.
The committee then approved CS for HB 961, which streamlines electronic signature requirements for salvage titles and certificates of destruction, and HB 1415, a DFS stablecoin pilot program allowing certain stablecoins to be used for licensing and regulatory fees. HB 1415 was amended to remove authority for a Florida coin, limit the pilot to established stablecoins with at least $1 billion market cap, and require secure custody through a public depository or custodial bank. Members discussed how any interest or revenue would be used, with sponsors saying the pilot was still exploratory and intended mainly to cover program costs. Both bills passed favorably.
HB 1039, establishing a state cryptocurrency reserve, also passed after a strike-all amendment moved administration of the reserve from the CFO’s office to the State Board of Administration and tightened eligibility to cryptocurrencies with a $100 billion market cap over the prior 12 months. Supporters argued the bill would create a framework for future diversification and investment in established digital assets, while several members raised concerns about volatility, reporting frequency, and the meaning of new terms such as qualified liquidity provider and secure custody solution. The committee also passed CS for HB 951 on penny rounding for cash transactions, with an amendment clarifying cash transaction definitions and treating money orders and gift cards like credit-card transactions for rounding purposes.
NM
Transcript Highlights:
- Additionally, although the policies have been flat, the premiums have been flat, the cancellations and
- NMSIA received premium revenue from school districts, charter schools, and other participating entities
- The goal of this would be to limit premium increases for members.
- The increases consist of $23 million for employee benefit premiums with an average of $66,000.
- and $19.6 million for risk premiums.