Transcript Highlights:

• Maybe some catastrophic event happens.
• I mean, you have no idea the catastrophic events that take place until you need to use your insurance
• we're capping profits, what happens on those major events, those major hall storms where it's a catastrophic
• How's the insurance company gonna pay those claims out if we have a catastrophic event where the profits

Bills: SB1969, SB1953, SB1277, SB1287, SB1061, SB1916, SB1589, SB2178, SB1444, SB1438, SB1501, SB1873, SB1364

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

Transcript Highlights:

• It's not in any of our forecasts, and it's hard to envision a very catastrophic type of recession, like
• A very catastrophic type of recession, like the Great Recession, and so our reserves are so high, as
• So while the BSF, at its constitutional maximum, is enough to handle pretty much any single catastrophic
• Back-to-back events that were very catastrophic would be problematic.

Summary: The committee met to receive Amy Baker’s presentation on Florida’s long-range financial outlook for fiscal years 2026-27 through 2028-29. Baker said the forecast assumes continued but moderating economic growth, with Florida GDP slowing from recent highs, personal income remaining above average, wages continuing to rise faster than job growth, and population growth eventually slowing as the state approaches 2030 and the baby-boomer cohort fully ages into retirement. She also highlighted weakening housing and real-estate-related revenue, especially documentary stamp collections, along with low consumer sentiment as signs of caution in the outlook. Baker explained that the state’s near-term general revenue picture improved largely because of legislative actions taken in the prior session, including contingency releases, reversions, and other budget adjustments, rather than from major new revenue growth. She said reserves remain strong at nearly $15 billion, or just under 30% of general revenue, with the budget stabilization fund at its constitutional maximum. The main spending pressures identified were critical needs and other high-priority needs, led by a new recurring transfer to the emergency preparedness and response fund and by Medicaid, where rising service costs and medical inflation—especially behavioral analysis costs in managed care—are driving higher expenditures despite lower caseloads and a slightly better federal match. Members questioned the accuracy of the forecast, the Medicaid cost drivers, the treatment of the governor’s emergency fund, federal funding assumptions, and whether recent federal legislation was reflected in the numbers. Baker said the outlook assumes current federal funding paths continue, that the new federal tax/revenue law had not yet been fully incorporated because agencies were still reviewing it, and that the emergency fund line was calculated from recent appropriations without distinguishing specific uses. She also said the vetoed $750 million did not affect the budget stabilization fund because it reverted to unallocated general revenue. No bills were heard, no votes were taken, and the committee adjourned after the presentation and discussion.

Transcript Highlights:

• and Members, I am pleased to present SB 429, which establishes the nation's first public wildfire catastrophe
• Catastrophe models predict the future. losses of natural disasters and are often used as benchmarks to
• Risk Mitigation Program and allow the Department... to pursue a partnership to research public catastrophe
• state agencies, local governments, and other groups focused on protecting lives and homes for catastrophic

Keywords: 988, house, all

Transcript Highlights:

• What we're doing is, uh, right now you can have catastrophic insurance accounts that are tax-free, and
• you have to use those for your deductible on catastrophic events against wind and hail, uh, flood, those
• I mean, in addition to whatever they... right, you can use it for your deductible after a catastrophic
• against wind and hail, uh catastrophic against wind and hail, uh flood, those<00:18:53.120> sorts
• <00:19:27.760> event deductible after a catastrophic event deductible after a catastrophic

Bills: SB170, SB177, SB207, SB208, SB215, HB27, SB219, SB247, SB232, SB81

Keywords: 923, senate, all

Transcript Highlights:

• For example, in the event of a catastrophic event that's $100 million, HPIA would pay out the first $10
• <00:20:25.919> loss<00:20:26.919> and the event of a catastrophic loss and the event
• example in the event of a catastrophic example in the event of a catastrophic event<00:20:49.960
• You could have a $300 million loss that would be catastrophic.
• um so but we can only take catastrophic um so but we can only take a<00:51:23.319> small<00:51

Keywords: 912, senate, all

Transcript Highlights:

• the part with the business days there was a provision during the last session that clarified the catastrophe
• What we saw over the last two years. was the catastrophe notice under current law has to be filed within
• There was nothing they could do if they had already. use their holiday days and couldn't file that catastrophe
• Where a catastrophe you notice during a period of a catastrophe isn't possible because of lack of internet

Bills: SB 1113, SB 1117, SB 1206, SB 1460, SB 1802, SB 1906, SB 1917, SB 2340, SB 2455, SB 2680, SB 2690, SB 705, SB 748

Keywords: SB 1113, converter's license, converter license, motor vehicle dealer, auto dealer, vehicle conversion, converted vehicles, direct sales, retail sales, trailer, semitrailer, manufactured trailer, chassis, manufacturer's statement of origin, MSO, Occupations Code, Transportation Code, Texas Department of Motor Vehicles, dealer licensing, general distinguishing number

Summary: The meeting of the Senate Business and Commerce Committee was marked by discussions on several significant bills, with a keen emphasis on legislative updates and committee substitutes. Notably, Senator Blanco presented a new committee substitute for SB2610, which modifies the employee cap from 100 to 250 and extends the update timeline for cyber security programs for small businesses. This substitute was adopted unanimously, reflecting a collaborative agreement among the committee members. Additionally, there were discussions surrounding SB1856 as Senator Crayton provided insights into how stakeholder feedback influenced the bill's committee substitute. The committee ultimately voted in favor, pushing it towards the local and contested calendar, indicating the bill's progression through legislative channels.

Transcript Highlights:

• That's the catastrophic aid funding. Okay, thank you.
• <02:25:38.960> Aid spe special education catastrophic Aid spe special education catastrophic
• let's take catastrophic let's take catastrophic Aid<02:25:58.920> special<02:25:59.279>
• > education<02:25:59.880> catastrophic Aid special education catastrophic Aid special education
• for both building Aid and catastrophic for both building Aid and catastrophic Aid<02:26:26.160><

Keywords: 928, house, all

Summary: The Finance Division II committee heard a Department of Education budget presentation from Commissioner Frank Edelblut and CFO Tammy Valen-cour. The department outlined its organizational structure and emphasized that it functions largely as a flow-through agency for school funding. The commissioner reviewed general fund and Education Trust Fund items, including state aid, dropout prevention, special education, building aid, lease aid, charter schools, Education Freedom Accounts, and the district adequacy calculation. He also highlighted the public school infrastructure fund, saying the state has invested well over $50 million in school safety since 2018 for measures such as access controls, locks, and window film, and argued that safety spending should be ongoing rather than reactive. Members asked about the variability in the school infrastructure line, special education aid, and the Discovery Education learning platform. Edelblut explained that some safety funding had come from one-time surplus appropriations rather than the agency line, and said special education aid was underappropriated because districts submitted more invoices than expected; he said the governor added $16 million to address the shortfall. He also described CTE renovation funding, noting four projects were initially proposed but only Jaffrey and Milford were still moving forward, with local votes required and the state covering 75% of costs. He said Milford’s project was omitted from the governor’s budget by oversight. The department also reviewed enrollment trends, noting public school enrollment has fallen from about 230,000 students in 2002 to about 185,000 today. Edelblut clarified that charter students are not eligible for Education Freedom Accounts, while EFA students attending non-public schools are counted as EFA students. He described several one-time surplus-funded initiatives, including Student Clearinghouse, MTSSB work, civics curriculum development, computer science education, and adult education. He also discussed a $4 million CTE tuition and transportation grant, saying it was kept as a competitive grant rather than a formula grant to avoid creating an ongoing maintenance-of-effort commitment that could jeopardize federal Perkins funding. In the final portion, Edelblut identified prioritized needs in the department’s budget, especially funding for a state administrator for assessment to support the legislatively required civics assessment, and additional support for the Discovery Education platform. He said every school in the state is using the platform and cited more than 1.5 million educator engagements, while a member raised concerns about mixed reviews and uneven district awareness of the program. No votes or formal actions were taken during the presentation and question period.

Transcript Highlights:

• event so unlike a private catastrophic event so unlike a private insurer<00:17:58.159> uh<00:
• We use reinsurance critically to be able to survive in a catastrophic event, which is exactly what we
• We can't fail if we have a catastrophic event.
• We can't fail if we have a catastrophic event.
• Thank you. satisfy the catastrophic event and so satisfy the catastrophic event and so we've<02:02:47.880

Keywords: 910, house, all

Transcript Highlights:

• Sometimes in life you whistle by the grave and nothing catastrophic has happened.
• And nothing catastrophic has happened.
• But Laura, some 20 years later or so, 15 years later, the situation, while catastrophic, it was so much
• While catastrophic, it was so much better to deal with.
• And our MSY catastrophic evacuation plan was exercised in conjunction with our federal partners and the

Keywords: 965, house, all

Summary: The committee first heard an update on the Northwest Louisiana earthquake cluster. Laura Sori of the Department of Conservation and Energy said the agency has inspected Class II injection wells within 12 miles of the earthquakes, found no permit violations, and is requiring monthly reporting of daily injection data. LSU and Tulane researchers explained that the swarm includes about 50 earthquakes detected by USGS since December 2025, including a 4.9 magnitude event on March 5, and that better monitoring is needed because Louisiana has very limited seismic station coverage. Dr. Cynthia Ebinger said her temporary array has detected more small quakes than USGS, that the pattern looks more like a swarm than normal aftershocks, and that the data suggest pressure changes in the subsurface, though no definitive cause was identified. Keith Hall of LSU described how other states responded to suspected induced seismicity with more monitoring, more frequent reporting, injection limits or moratoria, and “traffic light” systems that escalate regulatory responses as seismicity increases. Members asked about depths, fault locations, possible links to injection or fracking, and whether more monitoring and data-sharing should be pursued; several speakers said Louisiana likely needs a denser monitoring network and more structured data collection. A Texas geoscientist, William Berger, also testified that Texas uses large-scale data analysis and AI to study injection-related seismicity and argued for secure sharing of operator data to improve forecasting and risk management. The committee then took testimony on UAV and drone incursions over Barksdale Air Force Base. GOSEP said the incident was logged in WebEOC and the common operating picture, but that Barksdale did not request direct GOSEP resources and that the matter was handled through law enforcement channels. Louisiana State Police and the FBI said they were limited in what they could disclose, but confirmed multiple drone sightings on the morning and evening of March 9 and continued monitoring for several days. State Police said they have created a task force with the Police Chiefs Association, Sheriffs Association, GOSEP, and LSP, and that officers are receiving FBI-related training to help detect and, where authorized, mitigate drones. Members discussed whether the activity was nefarious, what counts as an incursion, and the need for better public education about drone restrictions near military and critical infrastructure sites. No formal action was taken, but members said the issue will continue to be tracked alongside pending legislation. Finally, the committee received a one-year update on the merger of GOSEP with the Louisiana National Guard and Military Department. Major General Thomas Freelieu and Brigadier General Jason Maffus said the merger has reduced GOSEP from seven divisions to three, shifted administrative functions to the Military Department, and produced about $10.5 million in first-year cost avoidance. They said the agency has modernized its common operating picture, returned staff to in-person work, and continued statewide preparedness exercises. Freelieu highlighted Guard missions including cyber expansion, the new Air National Guard cyber squadron at Jackson Barracks, modernization of the 159th Fighter Wing, and ongoing support for homeland security missions in New Orleans and Washington, D.C. Maffus said GOSEP’s core mission remains emergency preparedness, response, and recovery, and that the merger is intended to make state support to parishes faster and more efficient.

Transcript Highlights:

• <00:24:49.600> savings risk, disaster and catastrophe savings risk, disaster and catastrophe
• The bill requires insurance companies using catastrophe models or wildfire risk models to file those
• <00:30:19.360> models<00:30:19.760> or<00:30:20.080> wildfire using catastrophe
• models or wildfire using catastrophe models or wildfire risk<00:30:21.120> models<00:30:21.919
• The accounts allow homeowners to set money aside, state income tax-free, to pay for qualified catastrophe

Keywords: 1183, house

Transcript Highlights:

• It protects both the people of Hawaiʻi and our economy from the risk of future catastrophic wildfires
• 00:02:45.680> risk<00:02:46.040> of<00:02:46.200> future<00:02:46.599> catastrophic
• from the risk of future catastrophic from the risk of future catastrophic wildfires<00:02:48.720
• second the puc has not catastrophic second the puc has not ruled<00:09:24.079> on<00:09:24.440
• Um, would you care to comment on the catastrophe definition, as was mentioned by Mr. Curtis?

Keywords: 912, senate, all

Summary: The joint Senate hearing focused primarily on SB 1201, a wildfire measure that would create a wildfire recovery fund and allow securitization for electric utilities. Hawaiian Electric strongly supported the bill, saying it would help protect customers, property owners, insurers, and the broader economy from future catastrophic wildfire liability while improving the utility’s credit profile and lowering financing costs. Support also came from DCCA Consumer Advocacy, the Attorney General’s office on written comments, Ulupono Initiative, Clearway Energy Group, IBEW Local 1260, Par Hawaii, KIUC, the Chamber of Commerce Hawaiʻi, Plus Power, and numerous organizations and individuals. Opponents or commenters raised concerns about the liability cap, victim compensation process, and fund structure, including the Hawaiʻi Association for Justice, the Hawaiʻi Regional Council of Carpenters, and the Hawaiʻi Insurance Council; Henry Curtis of Life of the Land supported the concept of a fund but questioned the catastrophe threshold and whether the fund would be empty without a prudency finding. Much of the discussion centered on whether the proposed fund would actually help restore Hawaiian Electric to investment grade, with senators comparing the proposal to California’s wildfire fund. Hawaiian Electric said the bill was only one part of a broader process, alongside physical risk reduction and settlement finalization, and argued that without the bill the utility would not regain investment grade. Senators also questioned the proposed $1 billion fund size, the fairness of ratepayer contributions versus shareholder contributions, and whether customers should pay for consulting and administrative costs; Hawaiian Electric said its proposed amendment would remove those consulting-related charges. The company also said the fund would accrue interest and, if unused, could be returned to customers, and that there would be replenishment and supplemental contribution mechanisms if the fund were exhausted. The Attorney General’s office said it still had further amendments to discuss, and the departments had not yet resolved where the fund should reside administratively, though Hawaiian Electric said it believed DCCA was the appropriate place but was open to alternatives. KIUC requested two amendments. No vote or final committee action was taken during the hearing, and the measure remained under discussion with questions and proposed amendments still outstanding.

Transcript Highlights:

• Uh, the error rates that we see on this has resulted in catastrophic results for innocent parties, including
• that we see on this has<00:08:46.480> resulted<00:08:47.160> in<00:08:47.720> catastrophic
• <00:08:48.320> results<00:08:48.840> for has resulted in catastrophic results for has
• resulted in catastrophic results for innocent<00:08:49.720> parties,<00:08:50.360> including

Keywords: 958, all

Summary: The House Judiciary Committee met with a quorum and took up three bills. First, it heard House Bill 264, which would add real estate scams to theft by deception law by covering fraudulent sale, lease, or rental of commercial or residential property. Representative Proctor said the measure responds to growing real estate fraud and was intended to help law enforcement address schemes where bad actors list property they do not own. The committee approved the bill 18-0 and reported it favorably. The committee then considered House Bill 58, as amended by a committee substitute, dealing with automated license plate readers. Representative Hodgson said the bill would limit retention of ALPR data to 90 days, with exceptions for active investigations, subpoenas, and certain insurance or financial contract uses, and would restrict sale or sharing of the data to protect privacy while preserving public safety uses. Members asked about differences in the substitute and whether the bill would affect work-zone safety cameras; Hodgson said it would not. The committee adopted the substitute and passed the bill 19-0, with favorable expression. Finally, the committee took up House Bill 529, also with a committee substitute, concerning the Parole Board. The bill would set four-year terms for board members, allow a limited gubernatorial extension when needed to avoid too many expirations in one year, and permit panels of two or more members to decide parole cases. The Parole Board chair testified that smaller panels are needed to handle the board’s heavy caseload more efficiently and avoid administrative delays. Members discussed a minor wording change in the substitute and the emergency status of the bill due to vacancies. The committee passed HB 529 20-0 with one pass vote, then adopted a title amendment and adjourned.

Transcript Highlights:

• Catastrophes. Mr. Speaker, gentlelady, yes.
• We've had, for example, a number of extremely catastrophic fires in our state.
• So for a community that's experienced a catastrophic fire, they are at high risk of another fire or floods
• More frequent catastrophic events, Madam Speaker, gentlelady.
• But it also allowed us to study and understand why that event, that catastrophic event, happened.

Transcript Highlights:

• <00:47:06.160> health health plans or catastrophic health health plans or catastrophic health
• Um, so you're saying in your testimony that the high-deductible health plans, catastrophic health plans
• So any of the bronze plans and the catastrophic plans under the new federal rules will qualify for a
• 00:52:20.960> the So any of the bronze plans and the So any of the bronze plans and the catastrophic
• plans under the new federal catastrophic plans under the new federal rules<00:52:23.359> will

Keywords: 912, senate, all

Summary: The committee first heard SB 2122, which would tie public service flexible spending account contribution and carryover limits to the annual IRS cafeteria plan caps. DEER supported the bill and said it would help the state keep pace with federal limits, though it suggested deleting the words “inflation/adjusted” and “for that calendar year” as unnecessary. HGA and UPW strongly supported the measure, saying state limits lag the IRS amounts and that higher caps would help employees offset rising health care costs. In response to questions, DEER said the plan has a fund balance of about $1.6 million but noted some risk if employees leave before contributing enough to cover reimbursements. The unions agreed to DEER’s suggested wording change so long as the bill still clearly required future increases to track the IRS limits. The committee then took up SB 2116, which would create a confidential process in the Attorney General’s office for anonymous complaints against public employees, with complaints forwarded to the appropriate agency and annual reporting required. DLIR and the Attorney General opposed the bill. The AG’s office said anonymous complaints cannot truly be guaranteed to remain anonymous, that existing laws already provide confidential complaint processes in specific areas, and that the AG would effectively be only a repository without meaningful authority over how complaints are handled. HGA and UPW supported the bill, saying it would begin a conversation about protecting complainants while discouraging frivolous complaints. In questions, senators raised concerns about how anonymous complaints would be investigated and whether the AG could serve as an appeal body; the AG said the proposal would likely require broader changes to existing complaint laws. The committee also heard SB 218, which would amend the amount a disbursing officer may deduct from an employee’s wages to repay indebtedness to the state. HGA and UPW supported the bill, saying it would create a more lenient repayment process for employees who were overpaid and should not have to repay large amounts in a single pay period. UPW said the bill would eliminate a provision allowing recovery of debts of $1,000 or less in one pay period, which it described as problematic for members. The Libertarian Party of Hawaii was listed in opposition, and additional comments were submitted by the state controller and the University of Hawaii Professional Assembly. Finally, the committee heard SB 2114, which would repeal the prohibition on certain exempt employees grieving suspensions or discharges and allow bargaining-unit members to grieve disciplinary actions. DHRD and the City and County of Honolulu opposed the bill, arguing exempt employees are at-will employees who serve at the pleasure of the appointing authority and already have other legal remedies for discrimination or harassment; they also said the issue is a negotiable matter under collective bargaining agreements. HGA and UPW supported the bill, saying exempt positions have increased in number and that just-cause protections would improve recruitment and retention. Senators questioned how unions would represent exempt employees and whether the bill would change the at-will nature of those positions; no vote or final action was taken on the measures in the portion of the meeting provided.

Transcript Highlights:

• And we're not spending it on what should be the most important priority: stopping these catastrophic
• Wildfire Service is going to take on all things related to catastrophic wildfire as well as prescribed
• If we can do that, then we'll have much less risk of these catastrophic fires, because our forest won't
• Every dollar to protect our state and reduce the risk of catastrophic wildfires.
• Every dollar invested in reducing the risk of catastrophic events like wildfires saves more than $6 in

Summary: The subcommittee began by announcing a change in the agenda order, moving item 6 ahead of item 1 and then item 7, and noting there would be no votes taken on any items that day. Item 6 covered a proposed operational efficiencies control section for the Natural Resources Agency that would let multiple departments jointly fund landscape-scale or multi-jurisdictional projects and allow Finance to transfer climate bond funds to a lead state entity. The LAO said the proposal was reasonable but suggested the Legislature consider requiring summary notification on how it is used; Finance said it would consider that request. Item 7 focused on the 2026-27 biodiversity and nature-based solutions spending plan. Finance and the Wildlife Conservation Board described the climate bond funding for habitat restoration, wildlife crossings, public access, tribal nature-based solutions, and related work, including $111 million proposed for WCB and $30 million for Salton Sea habitat and public access projects. The LAO supported the overall approach but flagged the San Andreas Corridor Program as an area where the Legislature may want to specify geographic priorities. Members discussed the pace of Salton Sea work and whether the proposed projects would count toward disadvantaged community goals. Item 8 addressed Cal Fire’s aviation contract and staffing needs for wildfire response. Cal Fire said year-round fire activity, a larger and more complex aircraft fleet, and labor market pressures justified the proposed contract increase, including more mechanics, pilots, and maintenance support. The LAO recommended approval, saying the proposal addressed health and safety concerns. Members asked about contractor staffing, competition in the bidding process, and future technology for early fire detection and suppression. The committee then took up item 1 on golden mussel containment. Fish and Wildlife described the invasive species’ spread in the Delta, the task force and response framework, and a request for eight new positions funded by Prop. 4 to support control plans, outreach, monitoring, research, and coordination with partners and law enforcement. Members pressed the department on whether the state should fund more direct decontamination infrastructure and grants to local water managers, and on the realistic goal of containing the mussel. The chair and several members emphasized the urgency of the threat and requested an itemized breakdown of the $20 million request. The hearing then moved to a broader LAO overview of wildfire prevention and response funding, where the LAO summarized the state’s funding mix and warned that ongoing wildfire resilience funding will likely decline as one-time bond and GGRF funds are exhausted, prompting discussion of long-term funding options and the balance between prevention, suppression, and community hardening.

Transcript Highlights:

• AB 1200 strengthens California's ability to prepare for, respond to, and recover from catastrophic disasters
• These are the systems that keep people alive and society functioning in the aftermath of a catastrophe
• would support both the state and local governments should landslides or climate change worsen catastrophic
• future disasters or it just opens it up to such a large scope that it could be potentially really catastrophic
• say utility bills that are really high in areas that are 150 degrees could be something that is catastrophic

Summary: The committee first took up a consent calendar of multiple bills, moving them forward mostly to Appropriations, with AB 1531 sent to Insurance. It then heard AB 645, requiring emergency medical dispatch training for public safety dispatchers who handle medical calls. Supporters said standardized dispatcher training would improve CPR and other pre-arrival instructions, especially in rural areas with long response times; there was no opposition, and the bill was moved to Appropriations. AB 716, on statewide hydrogen fire safety standards and a State Fire Marshal hydrogen expert, also drew support and was sent to Utilities and Energy. AB 783, aimed at lowering disaster rebuilding costs by allowing state contracting for construction materials in declared disaster areas, was supported by housing and building groups and moved to Appropriations. AB 591, creating a public works mutual aid plan for disasters, and AB 1200, expanding disaster preparedness through tabletop exercises, a State Lifelines Council, and CERT training, both received supportive testimony and were sent to Appropriations. The committee also heard AB 300, which would require regular updates to fire hazard severity zone maps; witnesses from fire agencies and cities supported moving the review schedule to every five years, and the bill was sent to Appropriations as amended. AB 986 would add landslides and climate-change-exacerbated conditions to the definition of state and local emergencies; supporters from Rancho Palos Verdes and the League of California Cities described severe land movement and major costs, while members raised concerns about overbroad emergency declarations. The bill nonetheless advanced to Appropriations. AB 478, requiring local emergency plans to include pet rescue procedures and longer holding periods for rescued animals, was supported by the author, a mayor, and animal advocacy groups; members suggested revisiting the 90-day reclamation period and transfer rules, but the bill moved to Appropriations. Later, AB 598 proposed school mapping technology for K-12 campuses so first responders can access accurate layouts during emergencies. The sponsor and dispatch representatives said the maps could reduce response times and improve coordination, while committee members asked about costs, vendor neutrality, rural school funding, and coordination with the 911 Advisory Board; the bill was moved to Appropriations with members noting possible follow-up amendments. Throughout the meeting, several votes were left open for later addition, and the committee eventually recorded additional aye votes and one no vote on AB 783 and a not-voting position on AB 986 before adjourning.

Transcript Highlights:

• And here in Kentucky, we're all too familiar with all the storms and catastrophes that have become very
• And here in Kentucky, we're all too familiar with all the storms and catastrophes that have become very
• /c><00:03:40.280> and familiar with all the storms and familiar with all the storms and catastrophes
• 41.439> that<00:03:41.599> have<00:03:41.799> become<00:03:42.439> very catastrophes
• that have become very catastrophes that have become very common<00:03:43.239> to<00:03:43.400

Keywords: Meeting Start: 00:00 Roll Call: 00:06 SB24 Discussion: 01:08 SB24 Vote: 13:22 SB18 Discussion: 14:40 SB18 Vote: 21:54, 958, all

Summary: The committee met with a quorum and first took up Senate Bill 24, a measure aimed at combating property and casualty insurance fraud. Senator Girdler and witnesses from the Insurance Institute of Kentucky and the National Insurance Crime Bureau said the bill would expand the definition of a fraudulent insurance act to cover statements that misrepresent the scope of property damage or repair costs, with the goal of addressing inflated storm-damage claims and out-of-state bad actors. Members discussed whether existing prosecutors were already handling these cases, the role of Commonwealth’s attorneys versus the Attorney General, and the need to keep the bill narrowly tailored to criminal intent rather than negligence or ordinary disputes over value. The committee substitute was adopted, the bill received favorable expression, and a title amendment was also adopted. The committee then heard Senate Bill 18, which would address a shortage of insurance options for automobile dealers by allowing nonadmitted carriers to provide garage liability coverage in Kentucky. Testimony from an insurance agent and a legislative agent for Big I Kentucky described a shrinking market in which some small dealers cannot find coverage at all, risking closure. Members asked about the meaning of garage liability, consumer protections, solvency concerns, and whether more competition could lower prices; witnesses said surplus lines carriers already operate in Kentucky, agents play an important vetting role, and errors-and-omissions coverage would apply to the agent. The bill was supported as a way to preserve dealer businesses and expand coverage options, and it passed the committee with favorable expression after roll call.

Transcript Highlights:

• shows the sources of unobligated funds and then the distributions for the restricted reserve and catastrophic
• shows the sources of unobligated funds and then the distributions for the restricted reserve and catastrophic
• The total catastrophic reserve fund balance is $1.8 billion.
• Under this new plan that we’re doing like this, you know, if we have some major catastrophic damage,

Summary: The committee considered a series of appropriation, transfer, and review items, approving most requests in Sections B through J. These included temporary appropriations for state technology upgrades, personnel management, court reporters and interpreters, crime victim claims, juvenile sex offender assessments, radiation lab testing, higher education workforce grants, an ARPA grant for the UAFS LPN program, an IIJA grant for geological/critical minerals work, a restricted reserve transfer for 102 State Police vehicles, a transfer to the Arkansas Heroes Program, several cash fund requests for the Real Estate Commission HVAC and AV needs, and overtime appropriations for Emergency Management and Military. One budget classification transfer request from the Commissioner of State Lands for $250,000 to cover operating expenses tied to a new building was discussed at length but failed on the vote after questions about the lease and operating costs. A major portion of the meeting focused on a $25.7 million pay plan appropriation request for 15 agencies. Members questioned why the Department of Human Services had not requested additional pay-plan dollars for human development centers, where DHS acknowledged staffing shortages, high turnover, and heavy overtime but said the issue was not lack of pay-plan funding. DHS was asked to provide a written plan to address staffing problems. The Department of Corrections testified that the pay plan had improved retention and hiring, and committee members asked for follow-up data on vacancies and staffing outcomes. Members also clarified that the pay-plan request was appropriation only, not new funding, and approved it. The committee then reviewed fund reports, including the restricted reserve, Budget Stabilization Trust Fund, Tobacco Settlement, State Central Services, Education Adequacy, Medicaid Trust Fund, IIJA, and Revenue Services transfer reports. DHS and DFA were questioned closely about the Medicaid Trust Fund, with members noting a $90 million February draw and asking about projected year-end balances; DFA and DHS said February was a high-expense, low-revenue month and projected the fund would remain solvent through the fiscal year, ending between $150 million and $200 million, while a second $100 million set-aside is planned for FY27. The committee also discussed a state hospital damage report, where DHS explained that insurance proceeds would not fully cover the repair costs because of depreciation and the age of the buildings; members expressed concern that the state would recover far less than originally expected, and DHS said any additional insurance recovery would be limited and returned to restricted reserve.

Transcript Highlights:

• The behavior does not distinguish between catastrophic and non-catastrophic claims.
• It's very important to anybody who has a catastrophic loss.
• It's very important to anybody who goes to, has a catastrophic loss.

Summary: The Committee on Banking and Insurance met with a quorum present and took up several bills, beginning with SB 834 on health care sharing ministries and insurance agents. Senator Yarbrough presented the bill to repeal a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing consumer protections; opponents said the bill was unnecessary and could increase confusion or misuse of agents and brokers. The committee adopted a title amendment and then reported the bill favorably after debate, with Senator Pizzo raising concerns about consumer reliance and lack of guaranteed coverage. The committee then approved SB 642 on foreign and alien bail bond insurers, SB 394 on reinsurance intermediary managers, and SB 266 on public adjuster contracts. SB 266 would let vulnerable adults rescind public adjuster contracts at any time without penalty; it drew support from consumer and industry groups, with some discussion about estimates and claim work product. The committee also passed SB 832 on residential property insurance transparency, which requires rate transparency reports and a consumer resource center at OIR, and adds a provision excluding land value from homeowners coverage calculations in most cases. Testimony on SB 832 was generally supportive of the transparency goal, though insurers said some of the required cost breakdowns may be difficult to produce as written. The committee next considered SB 1028 on Citizens Property Insurance Corporation, which would create a commercial lines clearinghouse to move eligible policyholders into the private market and reduce Citizens’ commercial exposure. Supporters said it would lower taxpayer risk and improve competition; a speaker suggested additional changes to deductibles, water-damage caps, and repair practices. The bill was reported favorably after a delete-all amendment and supportive debate from Senator Boyd. Finally, the committee passed SB 540 on the Office of Financial Regulation, which adds cybersecurity requirements for certain licensees, updates oversight of investment advisers and money service businesses, adjusts some charter and meeting rules for financial institutions and credit unions, and includes amendments clarifying repossession/deficiency claims, family office exemptions, and virtual credit union meetings. The meeting ended with all of the considered bills reported favorably and the committee adjourned.

Transcript Highlights:

• You can have it, and so what this bill does is say if you have a catastrophic injury, we're going to
• continue to pay for your family and your cells medical after that catastrophic injury.
• You can have it, and so what this bill does is says, if you have a catastrophic injury, we're going to
• continue to pay for your family and your cells medical after that catastrophic injury.

Summary: The Government Operations Subcommittee met and took up a long agenda of policy bills, local bills, and open government sunset review measures. The committee first heard HB 433 on administrative procedures, as amended by a strike-all that would create a five-year repromulgation process for agency rules, require review of guidance documents, add cost-benefit analysis requirements, and tighten licensing reporting. Members questioned whether the bill duplicated existing JAPC review functions and raised concerns about costs and the scope of agency authority, but the amendment was adopted and the bill was reported favorably 12-3. The committee then approved HB 699, which increases penalties for certain traffic infractions when they result in a crash; CS/HB 404, a local bill updating the City of Tampa firefighters’ and police officers’ pension plan; HB 711, creating a statewide Spectrum Alert and law-enforcement training for missing children with autism; HB 4023, a local ethics-related charter change for the North Springs Improvement District; HB 583, requiring registration and disclosure for agents and organizations associated with foreign principals and foreign-supported political organizations; HB 251, recognizing International Holocaust Remembrance Day in Florida; and HB 749, extending medical benefits for firefighters who suffer catastrophic injuries during training. Most of these bills drew supportive testimony and were reported favorably by unanimous or near-unanimous votes. The committee also considered several OGSR/open-records measures. PCB GOS-25-04 preserved exemptions for public safety communications system infrastructure records, PCB GOS-25-05 aligned cybersecurity-records sunset dates to October 2, 2026, and PCB GOS-25-06 narrowed exemptions for certain records held by the Department of Financial Services as receiver for insolvent insurers, making more information public. All three were reported favorably on 17-0 votes. The meeting adjourned after the final roll call.