Transcript Highlights:

• management programs, as provided by the insurance company examination law.
• management programs, as provided by the insurance company examination law.
• Why keep in the clause that says that the pooled risk management programs are not insurers?
• management programs are not insurers? management programs are not insurers?
• programs as opposed to insurance programs as opposed to insurance companies.<00:36:16.320> Insurance

Keywords: 1189, house, all

Summary: The subcommittee took up the pooled risk management program bill and reviewed a new amendment drafted with input from the Insurance Department and Legislative Services. Department witnesses explained that the proposal would move oversight of pooled risk management programs from the Secretary of State’s office to the Insurance Department, add a licensure requirement, preserve the programs’ non-insurer status, and exempt them from third-party administrator licensure. They also described a series of solvency tools in the draft, including financial reporting, risk-based capital standards, minimum capitalization, investment limits, commissioner examination and enforcement authority, rulemaking authority, merger and affiliate-transaction review, confidentiality protections, and a separability clause. A major theme of the discussion was that pooled risk management programs differ from commercial insurers because the risk remains with the member local governments rather than being backed by a state guarantee fund. Witnesses said the bill is designed to emphasize solvency over return of premium and to give the Insurance Department a regulatory “toolbox” to prevent insolvency, including a proposed $5 million excess or stop-loss coverage benchmark, optional accessible policies, and a requirement that boards vote on dividends or premium returns when capital exceeds 600% of risk-based capital. Members questioned how this approach differed from the original Secretary of State bill and whether assessments on towns would still be possible; the department responded that the new framework would allow more flexible oversight and alternatives to immediate court action. The committee also discussed why the statute should continue to say the programs are not insurers, with the department explaining that this preserves their autonomy and avoids applying unrelated insurance laws and premium taxes. Members asked about the department’s workload and were told the department believed it could absorb the new duties without additional funding. No vote or final committee action was taken in the portion provided.

Transcript Highlights:

• here to benefit from our public programs here to benefit from our public programs pay<00:03:35.799
• <00:05:01.160> to hospitals but using public programs to hospitals but using public programs
• We were able to find insurance, but our options were only high-deductible health insurance.
• We were able to find insurance, but our options were only high-deductible health insurance.
• We were able to find insurance, but our options were only high-deductible health insurance.

Bills: HF10, HF27

Keywords: undocumented immigrants, state funding, MinnesotaCare, scholarship ineligibility, state assistance, permit to carry, concealed carry, handgun permit, firearm permit, pistol training, sheriff, application process, electronic filing, mail application, fax submission, certified mail, certified delivery, gun rights, Second Amendment, firearms regulation

Transcript Highlights:

• The insurance industry is offering large discounts on insurance rates for homes that have strengthened
• <00:01:16.440> Um program several years ago. Um program several years ago.
• a cash cash health for the program. a cash cash health for the program.
• purchasing homeowners insurance. purchasing homeowners insurance.
• this grant program. this grant program.

Keywords: 919, house, all

Summary: House File 4223 was presented as an appropriation to implement and jump-start the Strengthening Our Homes program enacted in 2023. Rep. Elkins said the goal is to help homeowners strengthen roofs using standards promoted by the Insurance Institute for Business and Home Safety, citing other states such as Alabama as examples where hardened homes performed better in major storms. He emphasized rising homeowners insurance costs, especially for affordable apartments, older condo buildings, and seniors on fixed or limited incomes, and said the grants would help people who may not have the upfront cash to make improvements. Committee members generally supported the concept, describing it as a way to reduce storm damage and lower insurance premiums. One member highlighted that the income threshold for grant eligibility could reach a large share of Minnesota homeowners and potentially harden nearly a million homes, while another noted the program’s focus on lower-income households. A Commerce Committee discussion was referenced in which an alternative approach was raised: tax incentives, including possible sales tax relief, for materials and labor used to harden homes against hail and other weather risks. Rep. Elkins responded that labor is an important part of the cost and that many potential beneficiaries are seniors with little taxable income, making a grant program more practical than a tax-based incentive. Another member agreed the upfront cost is a major barrier and said the grant design appears thoughtful. No vote was taken; the bill was laid over for further discussion.

Transcript Highlights:

• or not insurance?
• So that fund pays for the Insure Right program, as well as...
• Yeah, so that fund pays for the Insure Right program, as well as some other things.
• or self-insured.
• The problem primarily arises with underinsured... ...insured or self-insured.

Keywords: 985, all

Transcript Highlights:

• insurance plans.
• health insurance.
• health insurance.
• programs are PPO.
• . ...a PPO-type program, a lower-cost program.

Keywords: 1184, house, all

Transcript Highlights:

• We believe that insurance should be sold for the merits of insurance and the protection that it provides
• We offer health insurance to our members in the merged market with our partner in that program, Blue
• The other program I wanted to mention is that we sponsor a Division of Insurance-regulated small business
• We represent the insured in the negotiation of property insurance claims.
• insured from using our services.

Keywords: 995, all

Summary: The committee held an informational opening hearing for the Financial Services Committee, with Chair Murphy and Senator Feeney introducing new and returning members and explaining that no bills were being heard that day beyond brief introductory testimony. Commissioner of Banks Mary Gallagher thanked the committee for last session’s money transmission modernization law, and several members echoed appreciation for her office’s work. The hearing then featured a long series of stakeholder introductions and overviews of their priorities for the session. Testimony covered a wide range of financial, insurance, housing, health care, and consumer issues. Banking and mortgage groups discussed housing affordability, foreclosure delinquencies, flood insurance, regulatory changes, and the impact of federal policy shifts. Insurance representatives raised concerns about auto and homeowners market pressures, labor rates, tariffs, rebates, e-titling, third-party litigation funding, and public adjuster restrictions. Consumer and advocacy groups highlighted debt collection reform, earned wage access, retirement savings access, public banking, and consumer protections in financial services. Several speakers also emphasized the need for committee expertise and offered themselves as resources for future bills. Health-related organizations focused on insurance mandates, prior authorization, behavioral health access, pharmacy benefit manager reform, community health center funding, maternal health and midwifery reimbursement, and anesthesia reimbursement parity. Other groups, including credit unions, retailers, auto dealers, dental and medical associations, and behavioral health providers, described their roles in the Commonwealth and previewed legislation or policy areas they expect to follow this session. No votes were taken; the meeting was informational and ended after testimony from the sign-up list and a few late additions.

Transcript Highlights:

• The first is an insurance fraud assessment on insurers, so it's passed on to policy holders.
• The first is an insurance fraud assessment on insurers, so it's passed on to policy holders.
• insurance fraud assessment on insurers insurance fraud assessment on insurers so<00:05:35.759>
• insurance, healthcare insurance, workers' comp, and life insurance.
• 2023 were Automobile Insurance 2023 were Automobile Insurance homeowners<00:07:13.879> insurance

Keywords: 1187, senate, all

Transcript Highlights:

• Insurance Commissioner.
• Insurance Association, I'd like to associate myself and my colleague from the insurance industry.
• In fact, Consumer Reports found that insurance companies' programs in other states were counting, for
• insurance, were also concerned that it could affect their health insurance, even though health insurance
• Insurance Strategy.

Keywords: 987, senate, all

Transcript Highlights:

• And we saw that insurance carriers were trying to require bundling of insurance policies.
• Texans need insurance.
• We also have a contract with TDI to do the health insure program.
• We are increasing our volume by the high school programs and the trade school programs.
• We've implemented a program called Ask Kevin, and we bought an AI program off the shelf.

Transcript Highlights:

• and commercial lines insurance. and commercial lines insurance.
• current state-supported insurance program and the potential to expand the program to include a catastrophic
• state-supported insurance program, and the potential to expand the program to include a catastrophic
• I think the functionality of the insurance in the safety net programs, um, is going to be an important
• the insurer is pricing at. the insurer is pricing at.

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.

Transcript Highlights:

• increasing cost of health insurance. increasing cost of health insurance.
• And what is health insurance.
• . insurance. insurance.
• longer allowed in the insurance market. longer allowed in the insurance market.
• of..." insurance.

Keywords: 1187, senate, all

Transcript Highlights:

• And I just want to emphasize the insured value piece. I've underlined the word insured.
• If you're low income, you do not have to show proof of insurance to be part of the program.
• If you're low income, you do not have to show proof of insurance to be part of the program.
• So if you have no increase in your insurance, but the value of what you're insuring is going up, then
• So if you have no increase in your insurance, but the value of what you're insuring is going up, then

Summary: The State Administration Budget Subcommittee heard presentations from the Department of Financial Services on the My Safe Florida Home program, the My Safe Florida Condominium Pilot, and the Florida PALM financial system replacement project. For My Safe Florida Home, Stephen Fielder explained the wind-mitigation grant program, including its inspection-first process, two-to-one matching grants for most homeowners, low-income exemptions from the match, and eligible improvements such as roofs, clips/straps, water barriers, and opening protection. He reported roughly 109,000 initial inspections, nearly 59,000 grants approved, 31,000 final inspections, 25,000 reimbursements, and about $240 million paid out through the end of 2024. Members asked about premium savings, contractor pricing, fraud, owner-builder eligibility, reimbursement timing, and whether the program should have a dedicated funding source; Fielder said the program is currently closed, more than 40,000 people have signed up for updates, and the office has seen some price-gouging and impersonation issues but no major fraud trend. The committee also discussed the new prioritization rules that took effect July 1, 2024, which direct grant awards by age and income. Fielder said the program used a survey of existing applicants to implement the new priority groups and that the first group was over age 60 and low-income. Members raised questions about how premium reductions are measured, whether insurance company changes or rising insured values affect the data, and whether the program can track long-term outcomes after reimbursement. Fielder said the office reports raw premium changes based on declarations pages, knows the insurer for participants, and has validated results with multiple insurers, but does not track homeowners after they leave the program or enforce continued insurance coverage. For the My Safe Florida Condo Pilot, Fielder said the program is modeled on the home program but uses association-level applications, a maximum grant of $175,000 per association, and a similar two-to-one match. He said the application window opened briefly in November and was closed quickly because available funding could be exhausted and the department is prohibited from creating a waiting list. He identified several needed statutory changes, including better distinguishing condos from single-family homes, adjusting roof requirements for flat concrete roofs, and revisiting the unanimous unit-owner vote requirement, which he said has been a major obstacle. Chair Lopez noted the pilot is intended to be a learning process and thanked DFS staff for identifying implementation issues. The final presentation covered Florida PALM, the state’s effort to replace the 40-year-old FLAIR accounting system with a PeopleSoft-based financial management system. Fielder and PALM Director Jimmy Cox said the project began in 2014, the state contracted with Accenture in 2018, cash management went live in 2021, and the project was paused in 2022 for legislative review and remediation. They said the system is expected to go live in 2026, possibly in July rather than January, and that the project has spent about $225 million to date, with a current-year budget of about $60.9 million and a projected next-year request of about $64 million. Members asked about cybersecurity, cloud hosting, project scope, and whether the system is unique to Florida; staff said the system is not Florida-specific, access is credentialed through agency identity management, and the cloud host location is confidential. After the presentations, Chair Lopez assigned members to work with specific agencies on budget review meetings, asked them to discuss agency structure, priorities, staffing, waste reduction, and other budget issues, and set a deadline to report findings in the first week of regular session. The meeting then adjourned without objection.

Transcript Highlights:

• Facility fires are forcing changes to collection programs and driving up insurance rates.
• Reinsurance is a subsidy program for Minnesotans who buy insurance on their own because they don't have
• access to insurance through an employer or a government program.
• access to insurance through an employer or a government program.
• through an employer or a insurance through an employer or a government<01:17:19.320> program.

Keywords: 1187, senate, all

Transcript Highlights:

• insurance policy or commercial insurance insurance policy or commercial insurance policy.<00:42:
• program, which is the state insurer of last resort.
• <01:16:32.960> program, from the citizens insurance program, from the citizens insurance program
• right now where, with the federal government shutdown, the National Flood Insurance Program is paused
• <01:19:50.000> writing insurance program is paused in writing insurance program is paused

Keywords: 919, house, all

Summary: The task force met on October 22, 2025, with a quorum present and several members participating remotely. Members approved the minutes from the previous meeting. Michelle Urick of the Legislative Coordinating Commission then gave an administrative update on proxy voting and the task force’s operating procedures. She said the enabling statute only authorizes the officially appointed member to act and vote, so proxy voting is not allowed, and votes must be cast in person at the meeting where the item is considered. She also said members may submit written positions, but not vote before or after a meeting. In response to concerns about attendance for future votes, the chair said the January meetings would be rescheduled if possible using a Doodle poll so more members could be present in person. The group also agreed to treat the revised document as operating procedures rather than a formal charter, with no separate adoption action needed at that time. The task force then moved into testimony on homeowners and commercial property insurance. Paul Edgar of Minnesota Realtors said rising insurance costs are adding to housing affordability pressures, citing an increase in the monthly principal, interest, taxes, and insurance payment on a median-priced Minnesota home from $1,622 in 2021 to $2,642 in September 2025. He said higher insurance costs and limited coverage can affect buyers’ financing, especially for condominiums and townhomes, and urged continued work on liability and insurance-related laws that may discourage condo development. He also referenced prior bipartisan reforms to Minnesota’s condominium construction defects law and said his organization supports further improvements to encourage more condo production. Keenan Ravery of the Minnesota Mortgage Association focused on how insurance requirements affect mortgage lending. He explained that lenders require insurance both at origination and throughout the life of the loan, with standards aimed at protecting collateral rather than providing full homeowners coverage. He said replacement-cost coverage has long been the norm, but recent issues with roofs, deductibles, HO-6 policies, and force-placed insurance have become pain points for consumers and lenders. He said his association is working with national trade groups on reforms that could allow more flexibility in coverage types and deductibles, and he expressed hope that Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency may announce policy changes in the coming months or by early 2026. No votes or substantive policy actions were taken beyond approving the minutes and agreeing to pursue scheduling adjustments for January.

Transcript Highlights:

• <01:00:41.480> that insurer or sorry, each insurer that insurer or sorry, each insurer that
• Support Program in our adult program. Support Program in our adult program.
• . program. program.
• . insurance. insurance.
• , insurance-like, insurance-like, okay?

Keywords: 1189, house, all

Transcript Highlights:

• in the New Hampshire Medicaid program. in the New Hampshire Medicaid program.
• I called my insurance.
• I called my insurance. quick phone call. I called my insurance.
• payers and I've heard about insurers. payers and I've heard about insurers.
• commercially insured. commercially insured.

Keywords: 1191, senate, all

Transcript Highlights:

• Intended only as a last resort insurer, the program has ballooned and now insures over three-quarters
• insurance.
• In these pilot programs, I would imagine policyholders would apply for insurance.
• to a pilot program.
• of insurers left.

Keywords: 987, senate, all

Summary: The committee first heard SB 1209, which would give the Insurance Commissioner new authority to require insurers to carry out corrective actions identified in market conduct and financial examinations, and to impose penalties when companies fail to comply. Supporters, including Commissioner Ricardo Lara and his deputies, said the bill would close an enforcement gap that lets harmful practices continue and would help ensure insurers provide requested financial records and fix violations. Industry opponents argued the bill expands CDI authority too far, could duplicate existing penalties, and should be limited to legal violations rather than recommendations; members and the author discussed amendments to narrow the bill to legal violations, apply penalties per exam rather than per policy, and clarify other language. The committee then voted the bill out on a due pass motion to Appropriations, with some no votes and the item placed on call. The committee next took up SB 1301, which would require more detailed and earlier notice before a homeowner, condo owner, or renter policy is non-renewed, give policyholders an opportunity to fix correctable property issues, and prohibit certain non-renewal reasons such as claims below deductible or claims not covered by the policy. The author and supporters, including a consumer who described spending thousands on roof repairs before being dropped anyway, said the bill would improve transparency and give families a real chance to keep coverage. Opponents said California already has long notice periods, that the bill could force insurers to make decisions too early, and that some underwriting factors are not property-specific; they also raised concerns about roof-age standards and reporting burdens. The author indicated willingness to reduce the notice period to three months and work on a bifurcated process for mitigation, and the committee passed the bill on a due pass motion to Appropriations, with the item placed on call. The committee then heard SB 1026, a bill to reform regulation of bail fugitive recovery agents by allowing the Department of Insurance to suspend or revoke licenses without waiting for a criminal conviction, tightening conduct rules, and requiring continuous liability coverage and proper notice of appointment. The author and Commissioner Lara said the measure responds to complaints about bounty hunters breaking into the wrong homes, impersonating law enforcement, and operating without adequate oversight. Opponents from the bail industry and related groups said the bill is not workable as written, especially provisions requiring insurance for willful acts, use of admitted carriers, and a residency requirement they said is unconstitutional; they also warned it could reduce the availability of recovery agents and delay justice for crime victims. The department said it was still working on language changes, and the committee passed the bill to Appropriations on a due pass motion, with the item placed on call. Finally, the committee began hearing SB 982, which would authorize the Attorney General to seek recovery from fossil fuel companies for climate-related costs affecting the FAIR Plan and private policyholders, with the author framing it as a way to shift some wildfire and flood costs from Californians to the industry that helped drive climate change. Supporters, including flood and wildfire survivors, climate advocates, and an economist, said Californians are bearing rising insurance and disaster costs and that the bill would help fund recovery and resilience. Opponents argued the bill imposes unfair strict liability, raises due process and preemption concerns, and could harm the broader business climate and energy sector. The transcript cuts off before the committee completed action on SB 982.

Transcript Highlights:

• insurer oversight. insurer oversight.
• . insurers. insurers.
• Where we have, of course, seen challenges with the 5B programs is as it regards health insurance.
• is as it regards health programs is as it regards health insurance.<04:02:17.279> that's<04:02
• . insurance. insurance.

Keywords: 1189, house, all

Transcript Highlights:

• I know myself, I use some of my insurance dollars to pay for my block captain program, to pay for my
• I can't say the same for insurance.
• One of the key facts programs that we did as block captains is we developed a group rebuild program.
• And insurers did not oppose that.
• So this is the first program I've seen in the entire country where insurers are now agreeing to contribute

Summary: The hearing focused on lessons from the 2017 Tubbs Fire and how Santa Rosa, Sonoma County, and local partners have changed wildfire prevention, recovery, and rebuilding practices since then. Assemblymembers emphasized that the region has become a model for the state, with a shift from suppression to prevention, and panelists described improvements in defensible space, home hardening, vegetation management, alerting, and community coordination. The discussion also highlighted the continuing importance of sharing Sonoma County’s experience with other wildfire-impacted communities across California and beyond. Fire officials and local leaders described specific prevention measures now in place, including Santa Rosa’s vegetation management ordinance, ignition-free/Zone Zero requirements in rebuilding, restrictions on certain mulches, removal of dead and dying trees near roads and defensible space zones, and expanded prescribed burning authority. They also stressed the importance of community organization through block captains, Firewise/COPE-style networks, and the Mark West Area Community Fund. Speakers said these networks helped residents navigate recovery, avoid fraud and bad contractors, coordinate with local agencies, and support neighbors, but they argued that such efforts need more formal structure and stable funding. Water and permitting officials discussed how the fires changed their work. Santa Rosa Water described new regional coordination, generator and backup power upgrades, emergency training, and lessons learned about wildfire-related contamination in water systems, including the need to restore pressure, flush, and test quickly after a fire. Permit Sonoma said rebuilding was balanced by streamlining permits while still requiring safer, more resilient construction, and noted that reduced fees and one-stop permitting helped speed recovery. United Policyholders described helping residents maximize insurance proceeds, organize information, and avoid scams, while warning that insurance availability and affordability remain major barriers and that insurers are increasingly rewarding risk-reduction measures. Across the panels, the main policy requests were for faster and more flexible grant processes, more stable long-term funding for prevention and community programs, stronger support for home hardening and defensible space, better training and tools for local governments and legislative staff, and continued attention to insurance and utility-related resilience. No formal votes or actions were taken in the transcript excerpt; the hearing was informational and ended with a transition toward public comment and further discussion of remaining statewide wildfire policy needs.

Transcript Highlights:

• casualty insurance, plus about 20% of the health insurance. insurance market.
• as determined by the insurer. insurer.
• The FAIR plan is Texas's residual insurer for homeowners insurance.
• We had the help insure program, which we work on with TDI and Mr.
• Those are the total insured value, yes. Insured values, but.

Keywords: 1184, house, all