Video & Transcript Research : 'surplus lines'

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HI
HI

Hawaii 2025 Regular Session

CPC Public Hearing - Wed Mar 12, 2025 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • <00:40:05.640> be<00:40:05.760> some surplus lines insure so there'll be some surplus
  • sort of the same Dynamic uh Surplus sort of the same Dynamic uh Surplus lines<00:40:22.680> premiums
  • <00:40:23.359> are<00:40:23.680> Surplus<00:40:24.000> lines lines premiums
  • are Surplus lines lines premiums are Surplus lines coverages<00:40:24.599> are<00:40:24.800>
  • <00:41:17.160> have<00:41:17.280> to Surplus lines companies is they have to Surplus
Keywords: 910, house, all
Summary: The Committee on Consumer Protection and Commerce met on March 12, 2025, and heard testimony on several bills, with most measures drawing support from state boards, agencies, and industry groups. SB 102 (restaurants) had one supportive testifier and no questions. SB 1367 SD1 (installment loans) drew support from DCCA and other boards, but the chair raised concerns about a proposed $5 debit-card convenience fee, saying it seemed high and suggesting it might be amended downward; DCCA said it would check with industry on the likely impact. SB 1373 SD2 (administrative licensure action against sex offenders) received broad support from DCCA and multiple professional licensing boards, including psychology, physical therapy, naturopathic medicine, chiropractic, dentistry, massage therapy, nursing, optometry, barbering and cosmetology, the Hawaii Medical Board, and HPD. The committee then heard SB 1142 SD1 (insurance proceeds), which was supported by DCCA, the Council for Native Hawaiian Advancement, AARP, Hawaiʻi Realtors, and the Hawaiʻi Insurers Council, while State Farm offered comments and the Hawaii Bankers Association opposed. Testimony focused on insurance access after the Lahaina wildfires and the need to address underinsured homeowners. The committee also discussed SB 144 SD2 (stabilization of property insurance), with support from the Hawaii Green Infrastructure Authority, AARP, Hawaiʻi Realtors, and the Hawaiʻi Insurers Council, and comments from the Attorney General and DCCA Insurance Division about revising the financing structure and correcting bill language. Opponents and reservationed supporters argued the bill may not help if applicants can still obtain coverage at very high prices, while supporters said it would expand market capacity and provide a safety net as climate-related losses continue. Finally, SB 253 SD2 (condominium reserves) received support from Hawaiʻi Realtors, CI, and several individual testifiers. Supporters said it would enforce existing disclosure requirements under Act 199 and improve reserve funding transparency, while one individual argued stronger enforcement and an ombudsman-style office would be more effective. The chair reminded testifiers to stay on the bill at hand. No votes or final committee actions were taken during the portion of the meeting reflected in the transcript.
TX
TX

Texas 89th Regular

Senate Session Apr 7th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • who may receive funding up to 20% a year to ensure financial obligations going forward that are in line
  • I know that because of other dynamics, we didn't quite get all of it across the finish line.
  • And I know that because of other dynamics, we didn't quite get all of it across the finish line.
  • relating to a certificate of public convenience and necessity to construct an electric transmission line
  • Public Utility Commission of Texas to address a failure by an operator to maintain an electrical power line
Bills: SJR12, SJR81, SCR39, SB22, SB32, SB241, SB393, SB414, SB458, SB464, SB568, SB583, SB609, SB660, SB693, SB731, SB732, SB746, SB783, SB785, SB897, SB993, SB996, SB1008, SB1029, SB1035, SB1036, SB1120, SB1122, SB1147, SB1163, SB1188, SB1197, SB1209, SB1227, SB1245, SB1267, SB1307, SB1321, SB1332, SB1386, SB1394, SB1396, SB1470, SB1494, SB1537, SB1596, SB1598, SB1610, SB1664, SB1814, SB1822, SB1841, SB1948, SB2065, SB2155, SB2406, SB2407
Keywords: parental rights, education, constitutional amendment, school choice, child education, tax exemption, ad valorem, tangible personal property, income production, border security, southern border, federal immigration policy, illegal immigration, cartels, transnational cartels, fentanyl, drug trafficking, human trafficking, Operation Lone Star, Texas border
Summary: The Senate opened with a quorum call, invocation, approval of routine motions, and the reading of gubernatorial nominations and several honorary resolutions. The chamber adopted resolutions recognizing Jack and Jill of America Day and DJ Daniel Day at the Capitol, with multiple senators offering remarks praising youth leadership, perseverance, and public service. The Senate also introduced the Doctor of the Day and then proceeded to a long series of floor actions on bills. A major focus was Committee Substitute for Senate Bill 568, which overhauls special education funding and services in public schools by moving from a placement-based model to an intensity-based system tied to student needs and IEPs. Senators Bettencourt, Creighton, and Menendez emphasized transparency, parent input, evaluation funding, dyslexia services, and better alignment of funding with actual services; Senator Hinojosa shared a personal story about dyslexia and the importance of early intervention. The bill was advanced on second and third reading and finally passed 30-0. The Senate also passed SB 1396 to prohibit national sex education standards in public schools, SB 2065 on the Texas Emergency Services Retirement System, SB 1664 requiring clearer public disclosure of transmission and distribution utility rate changes, SB 1029 on advertising certain used motor vehicles, SB 1120 expanding rights for family violence victims, SB 1036 regulating residential solar retail transactions, SB 464 creating school-proximity restrictions and penalties for tobacco and vaping sales, SB 1035 giving farmers and ranchers equitable relief from certain local agricultural regulations, SB 1610 addressing civil commitment facility safety and prosecution issues, SB 1197 extending drone restrictions to spaceports, and SB 1386 changing legislative witness immunity from transactional to testimonial immunity. Another major bill was Committee Substitute for Senate Bill 1188, which updates electronic health record requirements. Senator Kolkhorst said the bill builds on Texas medical privacy law by requiring U.S.-based storage of EMR data, prohibiting recording of voter registration status and credit score information, requiring provider verification and disclosure for AI-assisted diagnosis or treatment recommendations, preserving parental access to minors’ records until age 18, and ensuring EMRs can capture metabolic health and biological sex information. A floor amendment clarified the bill’s scope and enforcement, and the bill passed 23-7. Several measures drew debate, especially SB 414 on bond ballot transparency, where Senators Eckhardt and Menendez questioned whether requiring estimated interest and total debt cost on ballots could be misleading or difficult to implement because interest rates and financing terms can change before issuance or over time. The transcript ends during that discussion, with no final action shown on SB 414.
OK
OK

Oklahoma 2026 Regular Session

Health and Human Services REVISED Apr 13th, 2026 at 02:00 pm

Health and Human Services

Transcript Highlights:
  • This family has a long line of service, not only in the pharmacy community but also in this area of Oklahoma
  • It looks like we are removing it's beginning on line one.
  • The amendment takes out the Words in line page two, line seven.
  • I'm trying to match up the lines.
  • Additionally, on line 11, it references public-private partnerships.
Bills: HB3767, HB3934, HB4199, HB4336, HB2947, HB3834, HB4302, HB4095, HB3287, HB3649, HB4430, HB4431, HB2059, HB3647
Keywords: dentistry, licensing, dental hygiene, foreign-trained dentists, temporary license, public health, emergency response, child care, workforce, pilot program, affordable care, income eligibility, interventional pain management, pain management clinic, chronic pain, acute pain, spinal injections, epidural steroid injection, peripheral nerve block, nerve ablation
TX
TX

Texas 89th 2nd C.S.

Transportation Apr 17th, 2025

Transportation

TX
TX

Texas 89th Regular

Transportation Apr 17th, 2025

Transportation

MN
MN

Minnesota 2025-2026 Regular Session

Legislative Commission on Pensions and Retirement - 03/10/26

Minnesota Senate Floor Meeting

Transcript Highlights:
  • surplus surplus if<00:54:13.520> any<00:54:13.720> exists.
  • termination at a time of surplus. termination at a time of surplus.
  • surplus provision. surplus provision.
  • surplus. That happens first. surplus. That happens first.
  • surplus, go back to the municipality? surplus, go back to the municipality?
Keywords: 1187, senate, all
MA
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Ways and Means Jun 21st, 2026 at 12:00 pm

Joint Committee on Ways and Means

Transcript Highlights:
  • They are not just budget lines. They are the foundation of daily life for our residents.
  • And then, $1.6 billion to work with on a kind of straight line basis.
  • And I know we're here to talk about today the FY25 supplemental with the surplus set.
  • And to me, so what's the bottom line? What's the big takeaway for that?
  • Line items, allocations, exactly where it's going.
Keywords: 995, all
Summary: The hearing focused on House Bill 55, the governor’s FY25 supplemental budget proposal to spend about $1.3 billion in surplus Fair Share revenue. House and Senate chairs framed the bill as a one-time opportunity to invest fairly in education and transportation, while also noting the need to protect the state’s long-term fiscal balance. Administration officials said the proposal should be considered alongside the FY26 budget and related bills, since the governor’s broader Fair Share plan aims for roughly an even split between education and transportation over time. Secretary of Administration and Finance Matthew Gorzkowicz, Transportation Secretary Monica Tibbits-Nutt, and Education Secretary Patrick Tutwiler outlined the administration’s priorities. Transportation funding would go mainly to the MBTA and related reserves, including money for the Federal Transit Administration reserve, MBTA stabilization reserve, low-income fares, winter resilience, RTA workforce support, MassDOT workforce and project delivery, and micro-transit grants. Education funding would support universal preschool expansion, early education and care capacity, early literacy tutoring, adult basic education and ESOL, early college and career technical education, MyCAP expansion, and special education circuit breaker funding. The administration emphasized that many of these investments are one-time or multi-year measures designed to address current needs without creating unsustainable recurring costs. Committee members raised concerns about regional equity, especially the large share of transportation money going to the MBTA versus regional transit authorities and rural areas. Several members asked for more detail on how the proposal would benefit Western Massachusetts and other non-MBTA regions, and whether micro-transit and Chapter 90-related investments would be sufficient. Education questions focused on special education reimbursement shortfalls, federal funding cuts to school districts, and how CTE and vocational investments would align students with workforce needs. The administration said it would provide additional data on MBTA versus RTA investment and explained that the special education circuit breaker and transportation reimbursement changes were intended to improve predictability and relief for districts. After the administration panel, Jessica Tang of AFT Massachusetts testified in support of using Fair Share funds to protect public education amid federal uncertainty and cuts. She argued that schools are facing a fiscal cliff, that vulnerable students would be hit hardest by funding losses, and that the Fair Share revenue should be used to preserve services and support students’ needs.
VT
VT

Vermont 2025-2026 Regular Session

Senate Session - 2026-04-30 - 11:00AM

Vermont Senate Floor Meeting

Transcript Highlights:
  • , protective of that line, protective of that line, um<00:45:36.960> because<00:45:37.720>
  • pilot special fund running a surplus. pilot special fund running a surplus.
  • to have an $18 million surplus to have an $18 million surplus in<01:01:35.880> that<01:01
  • back below that $18 surplus. back below that $18 surplus.
  • changes that caused the surplus to grow. changes that caused the surplus to grow.
Keywords: 927, senate, all
MN
MN

Minnesota 2025-2026 Regular Session

Legislative Commission on Pensions and Retirement - 03/03/26

Minnesota Senate Floor Meeting

Transcript Highlights:
  • a surplus, a sizable surplus um in that a surplus, a sizable surplus um in that there's<00:59:00.240
  • <01:18:45.360> No for allocating surplus funds. No for allocating surplus funds.
  • There's<01:23:50.880> surplus.
  • <01:23:56.880> If there's additional surplus there. If there's additional surplus there.
  • portion of that surplus. portion of that surplus. >> Senator<01:25:22.480> Rasmmanson.
Keywords: 1187, senate, all
FL
FL

Florida 2026 Regular Session

Agriculture Dec 2nd, 2025

Agriculture

Transcript Highlights:
  • It's kind of delineated by the dark lines, which is the Panama City area.
  • Moving to surplus lands, what is the magic behind the date of January 1, 2024?
  • My question goes to lines 591 through 599 of the bill.
  • And when they deal with surplus lands, they're going to be on the hot seat, and they should be.
  • But if you have concerns, I'm here to work through those concerns and get to the finish line.
Summary: The Senate Committee on Agriculture received a presentation from Florida Forest Service Director Rick Dolan on the agency’s wildfire response, forest management, and emergency support roles. He described the service’s four regions and 14 districts, its year-round wildfire response, use of bulldozers, helicopters, and drones, and the current high fire danger due to drought conditions. Dolan also highlighted prescribed burning, fuels mitigation, state forest management, the pine seedling nursery, and the agency’s role in hurricane response and incident management. Members asked about equipment loans and whether more prescribed burning could reduce wildfire impacts; Dolan said Florida already leads the nation in prescribed fire and emphasized public education and fuels reduction. The committee then considered and unanimously reported favorably Senate Bill 386, which creates a farm-equipment consumer protection process similar to a lemon law, allowing purchasers to seek repair or replacement of defective major farm equipment at no cost. The committee also took up Senate Bill 290, the Agriculture and Consumer Services omnibus bill. The bill would modernize fair association rules, preempt local bans on gas- and diesel-powered farm and landscape equipment, allow surplus of certain state-owned lands for bona fide agricultural use while excluding parks, forests, and wildlife lands, create a veterinary loan repayment program, make Farmers Feeding Florida permanent, expand Forest Service training opportunities, criminalize signal-jamming devices, increase penalties for CDL and English-proficiency exam cheating, restrict certain door-to-door solicitation, protect food safety inspectors, clarify biosolids rules, and add criminal and vendor-list penalties for contractors who fail to pay subcontractors. The committee adopted three amendments to align dates and technical language and to authorize native seed research and marketing through the Florida Wildlife Foundation. Testimony on SB 290 included support from several industry groups, concerns from the Home Builders Association about the new contractor-payment criminal penalties, and opposition from a citizen worried about the new surplus-land process for conservation lands. Despite concerns, CS/SB 290 was reported favorably. Finally, the committee unanimously recommended confirmation of the appointees listed on tabs 4 and 5, and then adjourned.
WV
WV

West Virginia 2026 Regular Session

Senate in Session Mar 14th, 2026 at 11:34 am

West Virginia Senate Floor Meeting

Transcript Highlights:
  • Hospital, and Mildred Mitchell-Bateman Hospital from the unappropriated surplus balance.
  • This supplemental appropriates $8,704,000 from the unappropriated surplus balance of general revenue
  • Sharp Hospital, and $4,404,000 to a new capital outlay repairs and equipment surplus appropriation to
  • This supplemental appropriates $10 million from the unappropriated surplus balance of general revenue
  • capital outlay repairs and equipment surplus appropriation within the Division of Natural Resources.
Keywords: 994, senate, all
Summary: The Senate met with prayer, the Pledge of Allegiance, journal approval, and numerous introductions of pages, guests, and visitors, including a large McDowell County Day delegation. The chamber also adopted Senate Resolution 66, designating March 14, 2026, as McDowell County Day at the Legislature, with remarks highlighting the county’s history, resilience, and economic importance. On legislation, the Senate rejected House amendments to Senate Bill 493 on open captioning for motion pictures and asked the House to recede. It then took up and passed Senate Bill 587, adjusting the salary schedule for elected county officials, after adopting an amendment restoring county control over future pay increases; the bill was made effective July 1, 2026. The Senate also received a gubernatorial executive message containing 76 nominations and set consideration of those nominations as a special order for 4 p.m. The Senate quickly advanced and passed several supplemental appropriation bills, all by unanimous 34-0 votes and made effective from passage: House Bill 527 for the Department of Health Facilities and three hospitals; House Bill 528 for the Department of Agriculture’s spay-neuter assistance fund; House Bill 5307 for the Department of Tourism, Division of Culture and History; Committee Substitute for House Bill 5317 for the Division of Natural Resources; and House Bill 5694 for the Department of Education, which removed unnecessary budget language. The chamber then recessed for 30 minutes.
MN
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - 03/11/25

Finance

Transcript Highlights:
  • inflation were not added to those line inflation were not added to those line items<00:04:29.479
  • the dashed lighter blue line.
  • Surplus is, you know, it deals with things one way or the other, but it's a positive surplus.
  • Surplus is, you know, it deals with things one way or the other, but it's a positive surplus.
  • Chair, that surplus is spent.
Keywords: 1187, senate, all
CT
CT

Connecticut 2026 Regular Session

Finance Advisory Committee June 4th Meeting Jun 4th, 2026

Transcript Highlights:
  • We have a little bit of a surplus that we can use. And what is the surplus on that deficiency bill?
  • So the overall surplus on the active appropriation account for the employee health...
  • What population does this line item help? Okay.
  • So it's not just $2 million, it's $2 million. ...causing the $2 million surplus there.
  • So this line alone should be utilized. They're pouring out.
Keywords: 962, all
Summary: The Finance Advisory Committee approved the minutes from its May 14, 2026 meeting and then considered four fiscal transfers. FAC 2026-9 for the Office of the State Controller transferred $4.345 million among fringe benefit accounts in the General Fund and Special Transportation Fund. Members questioned several employee benefit accounts, including active and retiree health care, Social Security, higher education alternative retirement, and OPEB; agency staff explained the transfers were based on updated year-end projections, with some accounts showing surpluses and others needing additional funds. The item was approved, with two no votes noted. FAC 2026-10 for the Military Department transferred $150,000 from the Honor Guards account to personal services and Governor’s Guard accounts to cover operational needs, and it was approved without opposition. FAC 2026-11 for the Department of Social Services transferred $3.3 million among accounts. Most of the discussion focused on a surplus in the substance use disorder waiver/reinvestment account, lower-than-expected TANF/TFA caseloads, federal family planning backfill requirements, and staffing challenges in eligibility operations. DSS said some funds remained unused because a residential care vendor did not enter into a contract, some reserves were intended for future multi-year investments, and eligibility staff require 12 to 18 months of training; the item was approved. FAC 2026-12 for the Department of Children and Families transferred $3.05 million among accounts for year-end operational needs. Members asked about closures of day treatment and community-based prevention programs, and DCF said children were transitioned to other providers without service interruption, with closures driven by provider decisions and financial viability. DCF also explained that some prior funding had been used as gap funding and that ongoing support had been built into the budget. The committee approved the transfer and then adjourned.
MN
MN

Minnesota 2025 1st Special Session

House Floor Session 4/10/25

Minnesota House Floor Meeting

Transcript Highlights:
  • He died in the line of duty.
  • He died in the line of duty. He agency. He died in the line of duty.
  • <00:28:47.760> in possession of any sort of surplus in possession of any sort of surplus in
  • their rights are to that surplus. their rights are to that surplus.
  • Thank you, Madam Speaker. clarifying that on page one, line seven, clarifying that on page one, line
Keywords: 1183, house
WV
WV

West Virginia 2026 Regular Session

Senate in Session Mar 14th, 2026 at 11:34 am

West Virginia Senate Floor Meeting

Transcript Highlights:
  • Hospital, and Mildred Mitchell Bateman Hospital, from the unappropriated surplus balance.
  • This supplemental appropriates $8,704,000 from the unappropriated surplus balance of general revenue
  • Sharp Hospital; and $4,404,000 to a new capital outlay, repairs and equipment surplus appropriation to
  • This supplemental appropriates $10 million from the unappropriated surplus balance of general revenue
  • to a new capital outlay, repairs and equipment surplus appropriation within the Division of Culture
Keywords: 994, senate, all
Summary: The West Virginia Senate convened with prayer, the Pledge of Allegiance, journal approval, and numerous introductions of honorary pages, guests, chaperones, and visitors, including a large McDowell County Day delegation. The Senate also received a governor’s executive message containing 76 nominations, which were referred to the Committee on Confirmation, and then set those nominations as a special order of business for 4 p.m. later that day. On legislation, the Senate rejected House amendments to Senate Bill 493 on open captioning for motion pictures and requested the House recede, saying the amendments changed the bill’s intent by making captioning mandatory and expanding its scope. The chamber then took up Senate Bill 587 on county officials’ salaries, adopted an amendment restoring county control over future pay increases while keeping a 5% raise, concurred in the House amendments as amended, and passed the bill 34-0 with immediate effectiveness. The Senate also fast-tracked and passed several supplemental appropriations bills, all by 34-0 votes and all made effective from passage: House Bill 527 for health facilities, House Bill 528 for the Department of Agriculture’s spay-neuter assistance fund, House Bill 5307 for the Division of Culture and History, House Bill 5317 for the Division of Natural Resources, and House Bill 5694 for the Department of Education. The Senate received House Bill 5286 on corrections and referred it to Finance. Finally, the Senate adopted Senate Resolution 66 designating March 14, 2026, as McDowell County Day at the legislature, with remarks highlighting the county’s history and current economic efforts, and then recessed for 30 minutes.
MN
MN

Minnesota 2025-2026 Regular Session

House Higher Education Finance and Policy Committee 4/16/26

Higher Education Finance and Policy

Transcript Highlights:
  • Line 19 is um for Minnesota State.
  • big surplus in comparison. big surplus in comparison.
  • $19 billion surplus and we spent it all. $19 billion surplus and we spent it all.
  • massive surplus. It's all gone. massive surplus. It's all gone.
  • onto line 11, page 41.
Bills: HF4252
Keywords: higher education, student aid, financial aid, grant programs, scholarships, Office of Higher Education, Minnesota State, University of Minnesota, community college, technical college, postsecondary institution, college affordability, student fees, athletic facilities, competitive athletics, developmental education, remedial courses, pregnant students, parenting students, priority registration
NH
NH

New Hampshire 2026 Regular Session

Committee of Conference on HB 155, HB 1102, HB 1109, HB 1356, HB 1469, HB 1323, HB 1376 (05/26/2026)

Transcript Highlights:
  • The floating surplus threshold creates a minor cost.
  • So in respect to the changes on line 31 in line four, I don't have any issue with that.
  • And then in the same thing in line<02:08:09.119> 31, line 31, line 31, um<02:08:12.000> I
  • >> what was the other line number? >> what was the other line number?
  • 31 in line four, I don't have any line 31 in line four, I don't have any issue<02:09:13.760> with
Keywords: 1189, house, all
Summary: The committee first adopted amendment 2026-2021S to correct a drafting issue in the budget language so that the $2.5 million appropriation for Medicaid per diem rate stabilization at county nursing homes can be spent during the biennium rather than lapsing at the end of the fiscal year. Senator Lang explained that the funds are matched with federal dollars for a total of $5 million and are intended to prevent rate reductions that could shift costs to county property taxpayers. The amendment was adopted unanimously by both chambers, and the committee proceeded on the bill as amended by the Senate. The main discussion then focused on HB 155 and a proposed amendment to the business enterprise tax. The House proposal would lower the BET rate in stages when combined business tax revenues exceed certain thresholds, while the Senate opposed an immediate rate reduction and argued that tax changes should be handled in a budget year. Senators emphasized that raising the filing threshold to $375,000 had already removed about 3,500 small businesses from filing requirements, and they preferred further relief through threshold changes rather than rate cuts. House members argued that the trigger-based reduction was a reasonable, tested mechanism and would provide future tax relief without taking effect unless revenues rose enough. Members debated whether the trigger could be distorted by one-time revenue spikes, such as the recent tax amnesty receipts and prior federal repatriation-related revenue, and Representative Sweeney said he was willing to adjust the effective date or carve out amnesty revenue. The committee did not reach agreement on the BET reduction, and the chair called a break and then continued the meeting later with a new proposal to delay the trigger’s effective date to January 1, 2028. Senator Lang rejected that version but offered a counterproposal to raise the filing threshold to $400,000, and the parties ultimately agreed to continue discussions and reconvene later. The meeting also took up HB 1102, concerning the research and development tax credit and state park fees. The House position was to support the R&D tax credit but remove the park-fee provisions, citing testimony from the Department of Natural and Cultural Resources that it did not need the increase and concerns about discouraging tourism, especially at border parks. Supporters of the park-fee language argued that the department had not raised rates in years, could set its own rates, and should be able to charge nonresidents more while keeping New Hampshire residents’ fees lower. The discussion remained unresolved, with members debating the likely effect on tourism and fairness to residents versus the need for additional revenue.
MN
MN

Minnesota 2025-2026 Regular Session

Task Force on Homeowners and Commercial Property Insurance 9/10/25

Minnesota House Floor Meeting

Transcript Highlights:
  • and commercial lines insurance. and commercial lines insurance.
  • some of those costs in line. some of those costs in line.
  • One is the mention of the excess and surplus lines marketplace, and I think we need to recognize that
  • <00:52:48.480> lines of the excess and surplus lines of the excess and surplus lines marketplace
  • uh<01:03:10.960> get go to the surplus lines market to uh get go to the surplus lines market
Keywords: 919, house, all
Summary: The task force held its first meeting on the insurance affordability crisis affecting single-family housing, common interest communities, and multifamily rental housing. Members and staff introduced themselves, including representatives from insurers, the Department of Commerce, housing advocates, affordable housing developers, and HOA/community association interests. Representative Steve Elkins was elected chair by roll call vote with 10 members in favor, after discussion that the Senate appointee’s formal appointment had not yet arrived; the group noted the intent to later move to co-chair leadership once that appointment is finalized. Staff reviewed the task force’s enabling statute and open meeting law requirements. The task force is charged with studying homeowners and commercial property insurance, property resilience and risk mitigation, liability laws and possible tort reform, notice and oversight issues, public reporting, and the state-supported insurance program, including possible expansion to a catastrophic reinsurance fund or self-insured pool. The final report is due February 15 and will go to the commissioners of commerce, housing finance, and employment and economic development, as well as relevant legislative committees. Members were also briefed on meeting logistics, a draft charter to be voted on at the second meeting, a resource page for shared materials, and the schedule of future meetings. The Department of Commerce then gave an overview of Minnesota’s property and casualty insurance market. Commerce described its regulatory role, the state’s competitiveness test, and how homeowners insurance is often filed under a “file and use” process rather than prior approval. The presentation emphasized that homeowners coverage has been under pressure for years: insurers have lost money in many recent years, premiums have risen, some consumers are taking on more risk through higher deductibles or reduced coverage, and some are moving into the surplus market. Commerce also highlighted the impact of severe weather losses, the growth in premiums since 2014, and gaps in oversight for homeowners associations and related policies. The meeting then shifted to brainstorming the problems the task force should address. Early discussion focused on climate and construction-related resilience, including hail and wind-driven rain damage, discontinued building materials, and whether stronger materials are reflected in insurance pricing. Members also raised the need to study programs like Alabama’s fortified roof model and Minnesota’s own Strengthen Minnesota Homes effort, along with questions about whether the construction industry is prepared to support broader resilience measures. No additional votes were taken during the discussion segment.
MN
MN

Minnesota 2025 1st Special Session

Press Conference: Republican Leaders Present Bills to Curb Government Waste - 03/17/25

Transcript Highlights:
  • So, with an $18 billion surplus that turned into a $6 billion deficit, there's lots of ways we can talk
  • So, with an $18 billion surplus that turned into a $6 billion deficit, there's lots of ways we can talk
  • the event of a surplus.
  • The condition is that there has to be a surplus before we give that back.
  • Now you can look at the surplus that we currently have, and it's not a structural surplus, so I would
Keywords: 1187, senate, all
HI
HI

Hawaii 2025 Regular Session

CPC-CPN Informational Briefing 04-03-2025

Hawaii Senate Floor Meeting

Transcript Highlights:
  • I'm actually through surplus lines?
  • surplus lines coverage. surplus lines coverage.
  • <00:30:41.279> lines cheaper coverage than surplus lines cheaper coverage than surplus lines
  • certainly excess surplus lines rates but certainly excess surplus lines rates but certainly higher
  • <01:33:20.880> line higher than excess and surplus line higher than excess and surplus line
Keywords: 912, senate, all