Transcript Highlights:

• Subsequently, a at a reduced premium.
• This servicing mechanism will premiums?
• lines premiums?
• [Music] Uh, the low-cost premium—these are all actuarially developed premiums.
• And I know the premiums are years.

Keywords: 912, senate, all

Transcript Highlights:

• Notwithstanding the fact that some of their premiums didn't...
• Notwithstanding the fact that some of their premiums didn't...
• premium.
• premium.
• Is this program the cause of the movement in the premium, right?

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:

• We're looking at 60,000 Minnesotans losing health care coverage just because of the increased premium
• Healthcare coverage just because of the increased premium, the loss of those tax credits.
• But right now, at this point, where the advanced premium tax credits are on the table, that's why we
• <00:03:26.800> benefits guarantees that those premium benefits guarantees that those premium
• cannot afford insurance if these premium cannot afford insurance if these premium tax<00:04:43.040

Keywords: 1187, senate, all

Transcript Highlights:

• Hospital premiums in particular have increased by 60% in the last six years.
• So typically, if you're paying a higher deductible, your premiums go down.
• But that is not the case with hospital premiums.
• The higher the premiums have to be to collect to pay those losses.
• The Free Kill Law hasn't lowered malpractice premiums.

Summary: The Civil Justice and Claims Subcommittee considered one bill, HB 603, which would repeal section 768.21(8), the Florida medical negligence wrongful death exception often referred to by supporters as the “Free Kill” law. The sponsor argued the current statute unfairly bars certain families—especially adult children or parents of unmarried adults without minor children—from recovering non-economic damages when a loved one dies from medical negligence, while such damages are available in other wrongful death cases. Supporters, including family members, AARP, and some legal advocates, testified that the law is discriminatory and denies equal access to justice for grieving families and vulnerable adults. Opponents, including physicians, hospital and insurer representatives, and business groups, argued that repeal would increase malpractice exposure, raise premiums, worsen access to care, and accelerate physician retirements or departures from Florida. Several urged that if the bill moves forward, it should be paired with caps on non-economic damages to balance the impact on the health care system. Supporters countered that negligence must still be proven, that the law creates unequal treatment, and that existing tort reforms have not lowered premiums. The sponsor closed by rejecting claims that the bill is “jackpot justice” and emphasizing that families deserve court access and accountability. After debate, the committee voted on HB 603 and passed it 16-2. The meeting then adjourned.

Transcript Highlights:

• Either through premiums, higher deductibles, or co-pays.
• They come with higher premiums.
• They come with higher premiums.
• There are no premium increases in this bill.
• The state premiums are running about $700 million.

Keywords: 908, all

Summary: The Senate reconvened and handled several House messages and conference committee appointments before taking up a series of bills. It appointed conference committees on Senate Bill 2265 and House Bills 1454, 1448, and 1524. The chamber also adopted a Senate amendment to House Bill 1216, delaying its effective date for the copay accumulator prescription drug bill to January 1, 2026, with later renewal timing for non-PERS plans. House Bill 1216 then came up for final passage. Senators debated whether allowing copay accumulator programs to count manufacturer coupons toward deductibles would help patients with expensive drugs or unfairly shift costs to insurers and other policyholders. Supporters said it would help people afford life-saving medications and that the coupon payments go to pharmacies, not insurers; opponents argued it could raise premiums and create perverse incentives for drug pricing. The bill passed 29-18. The Senate also concurred in House amendments to Senate Bill 2160, which changes health insurance benefits under the Uniform Group Insurance Program to move from a grandfathered to a non-grandfathered plan, with supporters emphasizing added benefits and flexibility and opponents warning of higher costs and irreversible changes. That bill passed concurrence 33-14 and final passage 39-8. The Senate next concurred in House amendments to Senate Bill 2339, the wildfire mitigation bill, which requires utility mitigation plans to be updated every two years, incorporate national electric standards, and creates a rebuttable presumption of reasonable care if the plan is followed. The bill then passed final passage 46-1. The chamber also adopted conference committee reports and passed House Bill 1460 on adult foster care and monitoring devices, House Bill 1440 on cigar lounge tobacco use, and Senate Bill 2374 on insurance-related provisions including property insurance arbitration, managed repair programs, and surplus lines issues; SB 2374 also added a study on towing and recovery coverage. The session ended with announcements of upcoming conference committee meetings and adjournment until April 22, 2025.

Transcript Highlights:

• traditionally go into setting a premium traditionally go into setting a premium for<01:30:54.239
• Compensation Insurance causing premiums Compensation Insurance causing premiums uh<01:31:53.320>
• employers who uh gladly pay the premiums employers who uh gladly pay the premiums um<02:10:16.040
• is paying that premium.”
• <04:53:57.000> than pay an add like a higher premium than pay an add like a higher premium

Keywords: 928, house, all

Summary: The committee first heard testimony on House Bill 437, which would change New Hampshire law on undischarged mortgages by creating a shorter period after which certain old mortgages would be treated as unenforceable. Prime sponsor Representative Bill Boyd said the bill was developed with input from bankers, lawyers, realtors, the Attorney General’s office, and the Banking Department, and he noted a drafting correction needed on line 18. He explained that the proposal would replace current law with a new framework modeled partly on Massachusetts, including a five-year expiration after a stated maturity date and a 35-year period for mortgages without an expiration date. Supporters said the bill would help clear obsolete title defects, reduce costly quiet-title litigation, and make real estate transactions easier for consumers, attorneys, and conveyancers. Representative Mary Hakken-Phillips, Susan Cole of the New Hampshire Association of Realtors, and Michelle Coffin all testified in support, describing the bill as a consumer protection measure. They said undischarged or improperly discharged mortgages often surface during title searches, causing delays, legal expenses, and failed or delayed closings. Coffin and Hakken-Phillips emphasized that many of these cases involve old, effectively obsolete mortgages and that the current process often requires expensive court action even when no one contests the title. Cole described a recent transaction in which a title defect caused a buyer to walk away and later restart the financing process, creating costs for both buyer and seller. A committee member asked about notice to mortgage holders; the response was that the lender bears responsibility for recording and extending the mortgage, and that due process rights would remain if a lender later contested the discharge. Ryan Hill of the New Hampshire Bankers Association said the banking industry had reviewed the bill and was generally comfortable with it, while requesting a delayed effective date so members would have time to adjust their recording practices. He said the bill’s January 1, 2028 effective date reflected that request. After closing the hearing on HB 437, the committee opened a hearing on House Bill 721, the Gold and Silver Legal Tender Act. Representative Juliet Harvey-Bolia introduced it as a bipartisan economic justice bill intended to recognize gold and silver as legal tender, protect against inflation, and address concerns about trust, taxes, and government taking. She argued that gold is a stable store of value and discussed tax treatment in neighboring states, federal history, and digital gold platforms. The hearing on HB 721 was still in progress when the transcript ended, with the chair limiting questions because of time.

Transcript Highlights:

• So, we have the New Mexico Premium Assistance, the Native American Premium Assistance, which is limited
• Carriers raise their premiums as a result.
• Let me ask you, what is the federal premium tax credit? What's the premium based on?
• Yes, because we also have the Native American Premium Assistance and the Medicaid Transition Premium
• Premium or what's subsidized? Their net premium. Okay, I would have to get back to you on that, Mr.

Transcript Highlights:

• I think they add a premium to it.
• So homeowners is as interesting as In premium.
• So it's not just that you pay a lower premium.
• new home, just in the premiums that we have to pay out.
• new home, just in the premiums that we have to pay out.

Keywords: 1185, senate, all

Transcript Highlights:

• states currently that have uh premiums states currently that have uh premiums with<01:18:38.560>
• <01:26:06.360> of premium of premium of $283<01:26:08.199> 15<01:26:09.000> a<01
• It's a premium we have to pay.
• that go to them as an insurance premium that go to them as an insurance premium if<02:17:49.840>
• <03:46:30.399> and something similar around premiums and something similar around premiums

Keywords: 928, house, all

Summary: The House Finance Division Three work session on February 21, 2025 focused on the Division of Medicaid Services budget. The chair opened with procedural guidance, noting the division’s role is to make recommendations to the full Finance Committee, that the budget must be balanced, and that members should track possible amendments ahead of a March 26 target for House Bills 1 and 2. Members also discussed the importance of using official budget documents and online resources, and the chair said no motions would be taken at this session. A major early topic was concern over a five-point Medicaid policy document and the timing of House Bill 2. Representative Tarki objected that the document appeared to be an unofficial draft and argued that significant Medicaid policy changes should have been transmitted by February 15 under state law. He said the lack of an official, posted document raised transparency concerns because the changes could affect tens of thousands of residents. Committee leadership responded that the five-point document was a working document, that it would be posted online within minutes, and that House Bill 2 is often delayed while the Office of Legislative Services finalizes and formats the governor’s proposed trailer bill. DHHS Chief Financial Officer Nathan White and Medicaid Director Henry Litman then began the budget presentation. White said the committee would use the PowerPoint as the document of record, starting with the governor’s operating budget pages 885-893, and noted that Medicaid is the largest accounting area in the state budget. He said the governor’s budget reflects about $60 million in reductions within the Medicaid area, with Granite Advantage handled off-budget and another $10 million in reductions there, for roughly a $70 million difference overall. Members asked whether the comparison was being made against an efficiency budget or a prioritized-needs budget, and White said the department could look at it different ways. The presentation then outlined Medicaid’s role in New Hampshire: it provides health coverage, serves as the state’s direct interface with the federal Centers for Medicare & Medicaid Services, and helps finance related services such as long-term supports, school-based services, adult dental coverage, and re-entry programs for people leaving correctional settings. White also reviewed enrollment and program context, saying New Hampshire has about one in seven residents enrolled in Medicaid, making it the fourth smallest Medicaid program in the country by enrollment, and described recent efforts such as youth re-entry and the Medicaid unwind after the end of the federal continuous coverage period. He said the state had to process more than 238,000 redeterminations after the public health emergency and that the department tried to avoid unnecessary coverage loss during that transition.

Transcript Highlights:

• First of all, um, we're going to be seeing a reduction in premiums for folks in healthcare.
• This bill is going to also reduce their premiums.
• , uh, 19.8% of our payroll goes to paying our premiums on paying our premiums on our health care.
• It's a sad day when we can't vote for reducing premium costs for our educators. ...reducing premium costs
• There's no way to do that without affecting health care premiums.

Keywords: 927, senate, all

Transcript Highlights:

• Rates or premiums—we use the terms interchangeably; I'm even guilty of this—is rate versus premium.
• So it's the premium we don't control; we control the rate.
• control the premium we control the rate there are other pressures that are on that overall premium that
• And the difference was 86% in that premium.
• And the difference was 86% in that premium.

Summary: The Senate Committee on Banking and Insurance convened with a quorum present, and Commissioner Michael Yaworsky of the Office of Insurance Regulation delivered a broad update on Florida’s property insurance market. He outlined the division of responsibilities between OIR and the Department of Financial Services, then reported market indicators including 7.61 million residential policies in force, an average premium of $2,755, 1.5 million Citizens takeout approvals, and recent negative trends in homeowners rate requests. He credited recent legislative reforms, especially tort reform and the Insurer Accountability Act, with improving market stability, increasing competition, and allowing the office to conduct more examinations and investigations, recover consumer restitution, and fine insurers for misconduct tied to recent hurricanes. Yaworsky emphasized that Citizens Property Insurance has been rapidly depopulating from its 2022 peak and may fall below 300,000 policies, while cautioning that over-depopulation could create residual-market risks and assessments if a major storm hits. He also discussed the distinction between admitted and surplus lines markets, the role of reinsurance in Florida pricing, and the effect of inflation on total insured values and premiums. He said Florida has seen comparatively modest property rate increases relative to other states and noted that recent hurricanes did not produce the kind of rate spikes seen in prior years, which he attributed to a more stable market and reduced fraud and litigation pressure. In response to a question from Senator Martin, Yaworsky explained that California’s wildfire crisis and regulatory structure are not a direct one-to-one comparison for Florida, but that California’s market problems can affect global reinsurance capacity and serve as a cautionary example of regulatory missteps. He also highlighted a recent Progressive auto insurance excess-profits refund of about $1 billion to policyholders, discussed possible federal changes to the National Flood Insurance Program, and urged greater home resiliency and code-plus adoption. The commissioner closed by calling for clearer consumer disclosures and responsible oversight of AI use in insurance filings. No bills were considered and no votes were taken; Senator Hooper moved to adjourn, and the committee adjourned without objection.

Transcript Highlights:

• <00:36:25.359> Premiums mortgage approval process. Premiums mortgage approval process.
• Chair. that uh drive the cost of premiums and that uh drive the cost of premiums and insurance<00:45:
• achieve specific premium savings. achieve specific premium savings. probably<00:47:39.680> the
• <00:48:32.240> any homeowner uh insurance premiums any homeowner uh insurance premiums any
• don't get credit for it on your premium don't get credit for it on your premium um um um and<01:

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:

• The average admitted market homeowners pretty premium is $2,755.
• collective, which is the total collection of premium in the state.
• premium rate for short period of time.
• And I'm going to show premium level and a couple of slides.
• We pay or premiums to you. And I can say, you know what?

Transcript Highlights:

• Health care premiums are skyrocketing.
• COVID-era premium subsidies.
• SO THIS IS NOT WHAT IS AFFECTING OTHER PEOPLE'S PREMIUMS.
• PREMIUM INCREASES ARE ACTUALLY DRIVEN BY MULTIPLE FACTORS.
• TOLD HER PREMIUMS WILL JUMP TO NEARLY A THOUSAND DOLLARS.

Keywords: U.S. House of Representatives Floor Proceedings on Wednesday, November 12, 2025, 1012, house, all

Transcript Highlights:

• From 2012 to 2022, for every dollar collected in premiums, some insurers in California spent $1.13 in
• And how those costs translate into premiums and frankly ultimately?
• Gordon, NFIP has been experiencing a decline in direct premiums written. Mr.
• The average home insurance annual premium rate in the U.S. last year was $2,151.
• Do you have a sense of how much premiums like how much we We would estimate premiums would go up if NFIP

Keywords: homeowners insurance, natural disasters, insurance costs, climate change, disaster preparedness, federal policies, bipartisan solutions

Summary: The meeting reviewed critical issues surrounding the rising costs and accessibility of homeowners insurance across the United States, particularly in light of increasing natural disasters linked to climate change. Members engaged in extensive discussions regarding the implications for families and the economy, citing significant increases in premiums and decreasing availability of policies in high-risk areas. Supervisor Peysko highlighted the direct impact of federal policies on local communities, emphasizing the growing burden on homeowners as they face skyrocketing insurance costs amidst a backdrop of environmental challenges and regulatory constraints. The committee expressed a unified call to action for bipartisan solutions, focusing on improving building codes and enhancing disaster preparedness measures.

Transcript Highlights:

• RATE INCREASES, YOU'LL NOTICE THE 12.8% AVERAGE IN THE BOTTOM AND GREEN AND WE PROVIDED THE AVERAGE PREMIUM
• IN THE ACA MARKET THROUGH THE INCREASED SUBSIDIES REALLY ENHANCED ADVANCED PREMIUM TAX CREDIT.
• >> IN 2021 THE AMERICAN RESCUE PLAN WAS PASSED AND THAT PROVIDED AN ENHANCED PREMIUM TAX CREDIT.
• >> PREMIUMS DID STAY LEVEL, YOU SAW MODEST INCREASES OVER THAT >> PREMIUMS DID STAY LEVEL, YOU SAW MODEST
• AND THEN THE TOP LINE THE LOWEST PRICE YOU HAD THE TOP TWO YOU HAD SOME ZERO PRICE PREMIUM PLANS.

Transcript Highlights:

• farmers face both high premiums and high deductibles?
• /c><00:03:57.159> high farmers face both High premiums and high farmers face both High premiums
• formulas and particular exemptions from paying premiums.
• <01:11:56.480> thank premiums thank premiums thank you<01:11:59.000> thank you thank you
• <01:25:04.719> tax we have made enhanced premium tax we have made enhanced premium tax credits

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:

• Our premiums did time through to 2016. Our premiums did not<01:21:18.880> increase.
• My premiums have gone up.
• My premiums have gone up.
• My premiums have gone up.
• My premiums have gone up.

Keywords: 1191, senate, all

Transcript Highlights:

• Without action, premiums Without action, premiums will rise for families purchasing insurance on the
• Redemption prior to maturity, with or without a premium.
• If the amount of premium taxes, or the sum of all premium taxes filed by all insurance companies on any
• In 2019, estimated cost to premiums, $34 million.
• Acupuncture coverage, $18 million, to increase premiums.

Keywords: 981, all

Transcript Highlights:

• Whenever the federal government eliminated the surcharge on the premium on private market premiums...
• If the state's premiums went up, then the private insurance premiums go up.
• And to lower the cost of that premium comes at a cost of someone else whose premium is going to go up
• Now, what is the premium, a normal premium for any of the other state employees that we're now going
• It says GF via H or SHB premium and then down there it says member premium, so that's the actual members