FIN Committee Session, 1/22/2026 #1

Finance Committee · January 23, 2026

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Opening and agenda

Presentation

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Chair opened the Finance Committee and listed today’s briefings: private passenger automobile insurance affordability, telematics, and updates on the Maryland Auto Insurance Fund; introduced Al Redmer (executive director) and Devon Brown (government relations manager) from Maryland Auto.

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Finance Committee hearing on Jan. 22, 2026 reviewed the financial condition of the Maryland Auto Insurance Fund, a pending market assessment, and a state work group study on auto insurance affordability, territorial (ZIP-code) rating and telematics. Regulators said Maryland Auto remains underfunded and must phase out its affordability index by Dec. 31, 2027, while legislators pressed for faster action and more study of ZIP-code effects.

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Transcript

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