Senate Committee on Banking and Insurance 11/19/2025

Florida Senate Committee on Banking and Insurance · November 19, 2025

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37:33

Call to order and roll call

Presentation

0:01 → 0:25(24s)

Chair Gruters called the Committee on Banking and Insurance to order and the clerk called the roll. A quorum was present; Senator Boyd was excused. Members were asked to silence electronic devices.

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Presentation to the Florida Senate Committee on Banking and Insurance on the states insurance market by Commissioner Michael Yacorsky (Office of Insurance Regulation); the commissioner described market improvements since 2022, enforcement results, reinsurance and premium trends, a large auto refund by Progressive, concerns about Citizens depopulation and capital adequacy, and called for AI disclosure and oversight.

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Transcript

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