AROUND THE TABLE DON'T CURRENTLY
HAVE A QUORUM.
THANK YOU FOR THE F. PROPPED
ATTENDANCE BY MY COLLEAGUES AND
THAT'S OKAY WITH THEM WILL BEGIN
AS A SUBCOMMITTEE.
IF IT'S OKAY WITH THE AUTHOR
WILL BEGIN TO SUBCOMMITTEE
FEDERAL ARE WELCOME TO THE
COMMITTEE WE LOOK FORTY HEARING
YOUR BILL FIGURES THAT THIS IS
S. B..
THIRTY THANK YOU THANK YOU
MISTER MEMBERS SB THIRTY REALLY
GETS -- TO
AWAY.
TO BE MORE INNOVATIVE IN TERMS
OF ENGAGING OUR INSURANCE
INDUSTRY AND INVOLVING THEM IN A
CLIMATE CHANGE CHALLENGES --
THIS BILL REALLY STEMS FROM A
CONVERSATION WE'VE HAD I WHEN WE
WERE IN BONN GERMANY DURING THE
WILL TIME TO CHANGE CONFERENCE.
IN WHICH REASSURE COMPANIES ARE
REALLY ENGAGING IN DIFFERENT
COUNTRIES ARE ON NSURING WHAT
WE CALL --
ENVIRONMENTAL INFRASTRUCTURE
ENVIRONMENTAL --
PRETTY MUCH WHAT.
PARA MOTHER NATURE HAS CREATED
TO PROTECT US FROM CLIMATE
CHANGE ALREADY.
AYE IT'S HAPPENING IN MEXICO
WITH THE REALLY INNOVATIVE WAY
YOU HAVE LOCAL BUSINESS IS YOU
HAVE --
LOCAL GOVERNMENTS AND
COMMUNITIES ENGAGING AND
FIGHTING THE DEGRADATION OF THE
CORAL REEF WHICH WE KNOW WOULD
BE DEVASTATING TO THEIR
COMMUNITY TO THE ECONOMIC --
AREA AND THE HOTELS SO IT'S A
HOTEL TAX THAT THE CREATED TO
PAY INTO THE FUND REALLY YOU GET
YOU PAY A MILLION TO TWO MILLION
DOLLARS AND YOU CAN RETURN GET.
TWENTY FIVE MILLION DOLLARS TO
IMMEDIATELY REFOREST THE COR
REEF THIS IS A VERY INNOVATIVE
WAY. TO BE ABLE UP ARE CREATED
OTHER PART OF MONEY.
TO I PROTECT AGAINST IT AND SO
WHAT THIS BILL DOES IT REALLY
ESTABLISH A WORKING GROUP.
THAT --
BRING OUR INSURANCE INDUSTRY TO
BRING OUR ENVIRONMENTAL GROUPS
TO BRING --
ACADEMIC EXPERTS THE FIGURE OUT
WHAT'S ANALOGOUS FOR US HERE IN
CALIFORNIA AND SO WHAT WE'VE
SEEN OBVIOUSLY OUR FOREST FORCE
MANAGEMENT OUR WETLANDS.
ARE COASTAL MARSHES THAT ALL
PROTECT THAT AGAINST THE LEVEL
RISE AND WOULD ALLOW US TO THEN
UTILIZE THE EXPERTISE OF THE
INSURANCE INDUSTRY WHICH WE KNOW
IS CALCULATING RISK.
THE DALLAS WE ARE WHERE WE ARE
MORE AT RISK THE CLIMATE CHANGE
OUR AND OUR PLANET CHALLENGES SO --
YOU KNOW THIS IS JUST THE
BEGINNING IT'S A IMPORTANT FIRST
STEP TO GET CALIFORNIA ENGAGE IN
THIS CONVERSATION THAT IS
HAPPENING WORLDWIDE.
WHAT I RESPECTFULLY ASK FOR A
VOTE?
THANK YOU SEND ARE THEIR
WITNESSES IN SUPPORT.
FROM PAY BUT AMERICAN INSURANCE
ASSOCIATION OR PLEASED TO
SUPPORT THIS BILL A MANY OF OUR
MEMBERS ARE THE ONES WHO ARE
DOING SOME OF THIS INNOVATION.%
ACROSS THE WORLD AND IT YOU KNOW
AS WE WORKED ON IT THEY THEY
NOTICE YOU KNOW THE TERM IS LIKE.
RISK TRANSFER MECHANISM I THINK
THEY'RE REALLY EXCITED TO SEE
WHAT WE CAN DO IN CALIFORNIA OF
COURSE WERE UNDER PROP ONE OF
THREE SO WHAT WE CAN DO IS GOING
TO BE SOMETHING THAT I THINK
WE'RE GOING TO HAVE TO LOOK AT
AND EVALUATE.
AND I THINK HAVING ALL THE
PARTNERS AT THE TABLE SEEING
WHAT WE CAN DO HERE IN
CALIFORNIA WILL BE EXCITING AND
THIS IS A GREAT FIRST STEP WERE
REALLY SUPPORTIVE OF IT.
I THANK YOU VERY MUCH.
THANK YOU TO THE CHAIR MEMBERS
OF THE COMMITTEE MY NAME IS ALEX
LIMON WITH NATURE CONSERVANCY.
THIS BILL IS REALLY SIMPLE AND
STRAIGHTFORWARD IT PROVIDES A
PROCESS THERE WILL GENERATE
INFORMATION TO HELP ACHIEVE THE
STATE'S GOALS RARING FOR CLIMATE
CHANGE.
THE WORKING GROUP OF VALUE WITH
POTENTIAL FOR INSURANCE UNDER
RIGHT NOW TO RESOURCE PROTECTION
TO REDUCE CRIME AT RISK INCREASE
RESILIENCE.
THERE ARE NUMEROUS EXAMPLES
ABOUT NATURAL INFRASTRUCTURES
HELPING CALIFORNIA BECOME MORE
RESILIENT CLIMATE CHANGE.
WETLANDS THAT BUFFER SEAL THE
RISE AND STORM SURGE AS WELL AS
HEALTHY FOR IS THE CAN BETTER
WITHSTAND WILDFIRES AND HELP
MITIGATE HIGH HEAT DAYS.
AS THE SENATOR MENTIONED THE
NATURE CONSERVANCY'S WORKING
CANCUN WITH HOTEL OWNERS.
AND THE GOVERNMENT.
TO ENSURE THAT THE CORAL REEFS
CAN CONTINUE TO PROTECT
COMMUNITIES THERE WERE HAVING
HUGE SUCCESS.
WE RESPECTFULLY URGE YOUR AYE
VOTE EMBRYONIC VERY MUCH OTHER
ANY OTHER WITNESSES IN SUPPORT.
RIGHT ANY WITNESSES IN
OPPOSITION [inaudible]
YES THERE'S JUST [inaudible]
YES SIR.
YOU CAN SPEAK THE MICROPHONE
RIGHT THERE YES AUDIT IDENTIFY
YOURSELF PLEASE OKAY UP A RUBBER
LOUGHTON.
ARE AMONG ABOUT.
WILL HOLD HOMEOWNER AND ON THE
COAST.
OKAY YES SIR.
AND UP UP I I'D LIKE TO OF A
PROFOUND BIG COMMON ON ON
SOLUTIONS HERE.
ARE YOU OF YOU IS FAR AS THE THE
US IS FOR THE FOREST
[inaudible]
BOB.
YOU ARE YOU ARE YOU YOU ARE YOU
ARE YOU WHAT WOULD YOU DO IS
ENCOURAGE A LOT ENCOURAGE
LOGGING.
IT AND END UP.
BECAUSE BECAUSE IF YOU HAVE
LOGGING THERE THEY'RE THEY'RE
THEY'RE GOING TO MAINTAIN THE UP.
THE LOGGING ROADS AND THAT
THAT'LL GIVE UP BETTER ACCESS TO
THROUGH THE TO THE PEOPLE WHO
FIGHT THE FIGHTERS.
A AND THE BAND INTO LOGGING
COMPANIES WILL LOVE.
WILL TO SOME DEGREE ARE LIKE A
CLEAR OUT THE THE CUTE DICK
ACCUMULATED DOT DEAD BRANCHES.
ALRIGHT OKAY END AND THEN THEN
ANOTHER POINT.
BONTA A NUMBER FOUR TO REDUCE
THE EXPOSURE OF INSURANCE
COMPANIES TO CLAIM IT RELATED UP
[inaudible]
LOSSES.
BOB.
WHAT WHAT HE COULD DO HE IS E.
HERE IT IS IS GOOD IS COLLARED
CALLED AN ACT OF GOD?
SAY IT'S TO SAY THAT THE ARE.
THAT THAT GOD BE GOD CREATED THE
GOOD GOD CREATED THE UP.
CREATED THE SUN.
AT A AND M. THAT AND THE SOLAR
MINIMUMS CREATED UP ICE AGES AND
THAT DENZEL SOLAR MAXIMUMS WOULD.
THAT GO WOULD CAUSE GLOBAL
WARMING AND ENDED THAT WOULDN'T
MELT THE ICE CAPS AND AND SO YOU
SO SO IN ORDER PROTECT INSURANCE
COMPANIES.
ARE COLORED AN ACT OF GOD.
OKAY VERY GOOD OKAY THANK YOU
VERY MUCH FOR COMING TODAY
ANYBODY ELSE IN THAT WITNESSES
IN OPPOSITION [inaudible]
ARE -- WE'RE
GONNA NEED TO ESTABLISH A QUORUM
SO YEAH WE NEED A TWO THREE WE
HAVE.
FOUR FIVE ALL YOU HAVE YES YES
MY NAME IS RAUL RODRIQUEZ JUNIOR
I'M WITH AMERICA FIRST LATINOS.
AND WE ARE OPPOSE. TO S. B.
THIRTY OKAY THANK YOU VERY MUCH
FOR COMING TODAY.
MY NAME'S ROBIN SYSTEM WITH
REMEMBRANCE PROJECT I URGE A NO
VOTE THANK YOU.
MY NAME IS CRAIG WHO'S COME WITH
AMERICAN CHILDREN FIRST AND I
URGE A NO VOTE.
OKAY THANK YOU.
AND KEEP THEM A COLLEGE STUDENT.
GREAT THANK YOU VERY MUCH OR ANY
OTHER WITNESSES IN OPPOSITION.
OKAY WILL CLOSE THE PUBLIC
TESTIMONY PART OF OUR HEARING.
I WANNA Y. INVITE DE AUTHORED AT
TO MAKE ANY SUMMING UP COMMENTS
AND INVITE MY COLLEAGUES TO ASK
ANY QUESTIONS THEY WISH AND THEN
YOU WANT.
TO SAY IN RESPONSE.
THANK YOU I RESPECTFULLY ASK FOR
A VOTE HERE AGAIN ANY QUESTIONS
FROM THE PANEL.
SENATOR MORE LUCK MAKE YOU
MISTER CHAIR I'M JUST CURIOUS
RIGHT ARE WE LOOK AT CORE
BUSINESS FUNCTIONS.
I'M JUST KIND OF PROUD OF BEGUN
THIS IS A STYLE DRIFT OR IT'S
INNOVATIVE AND WHETHER IT REALLY
FITS WITHIN THE FUNCTION OF WHAT
WE'RE SUPPOSED TO BE DOING AS A
GOVERNMENT.
JUST WONDERING YOU COULD JUST
ELABORATE Y. ME THE WORKING
GROUP WILL GIVE US YOU KNOW.
ARE AND GIVE.
US AN OPPORTUNITY TO LOOK AT ALL
ALL THESE ISSUES RIGHT WHAT'S
APPROPRIATE ROLE OF GOVERNMENT --
WE WANT TO MAKE SURE THAT WE
WANT TO BE DELIVERED OF IN TERMS
OF HOW WHAT OF THE ANALOGOUS OUR
ENVIRONMENT STRUCTURES THAT WE
CAN PROTECT.
I AS WELL AS SEEM YOU KNOW WHAT
WHAT ELSE HAPPENING THE REST THE
WORLD WE WE SEE THAT.
IN BARBADOS NOW THEY'RE LOOKING
AT SOMETHING VERY SIMILAR TO
REFOREST OR MANGROVES UNDER
UTILIZING [inaudible]
FAME -- THE
FAME STRUCTURE INFRASTRUCTURE
THAT IS HAPPENING IN CANCUN SO
ALL WE'RE SAYING IS THAT'S STUDY
THE ISSUE LET'S RING SOME
EXPERTS.
AND FIGURE OUT SOME INNOVATIVE
WAYS THAT --
WE CAN WORK WITH THE INSURANCE
INDUSTRY AND THE QUITE HONESTLY
YOU KNOW WE'VE WE'VE BEEN --
WE'VE BEEN.
I THINK REALLY COMMITTED TO
HAVING THE INSURANCE INDUSTRY
JUST --
DIVEST FROM COAL A BUT THIS IS
ENGAGING THEM IN A MUCH MORE I
THINK COLLABORATIVE FASHION
BRING THEM AND THEY ARE.
I MEAN WHO CAN CALCULATE RISK
BETTER THAN THE INSURANCE
INDUSTRY AND BRINGING THEM INTO
THIS CONVERSATION THINK IT'S
VERY APPROPRIATE BECAUSE THEY
HAVE THE EXPERTISE.
THEY CAN DO THIS ANALYSIS AND
WORK WITH THE ENVIRONMENTAL
COMMUNITY --
TO BE ABLE TO FIGURE OUT HOW WE
CAN [inaudible]
CREATORS MECHANISMS.
UNDER PROP ONE OF THREE AND
UNDER IN OUR CURRENT LEGISLATION
THAT WE HAVE. TO PROTECT
ENVIRONMENT BUT I THINK IT'S
WORTHWHILE FOR US TO ENGAGE IN
THIS CONVERSATION GIVEN THAT
IT'S ALREADY HAPPENING AROUND
THE WORLD.
AND GIVEN THE FACT THAT YOU KNOW
CRASHED CALIFORNIA CONTINUES TO
BE UNDER FIRE AND SO.
THIS IS GIVE US ANOTHER UNIQUE
OPPORTUNITY TO LOOK AT THINGS
VERY DIFFERENTLY AND ENGAGE IN
INDUSTRY THAT HASN'T
TRADITIONALLY BEEN REALLY
ENGAGED AND YOU CAN SEE THERE'S
EXCITEMENT FROM.
ALL PARTIES TO DESTRUCTIVE STYLE
LOCK SO THAT WE WANT TO DO AND
SEE WHAT WHAT WHAT COMES OUT OF
IT.
EDU ALRIGHT --
I WANTED TO RE ESTABLISH A
QUORUM HERE AND SO IF YOU TAKE A
PAUSE FROM NORMAN ASKED IT'S
HARD TO CALL THE HE WAS PRESENT.
LATER HERE LATER HERE GAINES
BERRYHILL.
GALGIANI HERNANDEZ.
COMMANDERS HERE HERTZBERG.
RESPECT HERE HUESO LARA IT FLORA
HERE MITCHELL.
MORE LIKE YOUR PRESENT LOOK HERE
MORRELL.
PORTANTINO.
WHERE TO GO HERE ROTH HERE'S
WHAT [inaudible]
QUESTION.
NOT SENATOR ROTH IS THAT MOVE
THE BILL.
ALAMEDA SOME UP AND SAY CENTER
THANK YOU FOR YOUR CREATIVE
THINKING.
THANK YOU FOR YOUR LEADERSHIP IN
THIS AREA I I'M DEEPLY PLEASED
OF THAT CLAP OF WORK THAT YOU'RE
DOING HERE AND AND CERTAINLY HAS
MIKE STRONG SUPPORT TO THANK YOU
FOR ALL YOUR ARGUMENTS WERE.
ALRIGHT WITH THAT WILL CALL THE
ROLL.
HERE GLAZER AYE GLAZER AYE
GAINES.
BERRYHILL.
GALGIANI.
HERNANDEZ HERNANDEZ AYE
HERTZBERG.
I HUESO LARA.
AYE LARA AYE MITCHELL
[inaudible]
MORILLON.
NO MORE LIKE NO [inaudible]
MORRELL [inaudible]
PORTANTINO.
PORTANTINO AYE ROTH ALRIGHT ROTH
AYE RIGHT AND TO CLARIFY THE
MOTION IS THAT THE SENATE
ASSEMBLY AMENDMENTS BE CONCURRED.
ALRIGHT SO THAT BILL THAT'S
CURRENTLY I HAS THE VOTES TO GET
OUR AND LEAVE THE DOOR OPEN. FOR
ANOTHER MOMENT OR IF YOU TO SEE
THE ABSENT MEMBERS WANT TO COME
AND JOIN AND THANK YOU VERY MUCH
THANK YOU LETTER [inaudible]
YEAH.
YEAH MORE LIKE WITHIN.
EARLY AND WE HAVE ONE BILL YEAH
ID TO GO AND I KNOW.
I WILL STILL LIFT THE CALL ON SB
THIRTY PASSED THE SECRETARY TO
CALL THE ROLL [inaudible]
MITCHELL.
YOU KNOW I MITCHELL AYE.
ALRIGHT THAT BILL ENJOY SEVEN
HOW YES VOTES BUT WILL CONTINUE
TO LEAD THE ROLE OPEN FOR
ANOTHER MINUTE OR TWO FOR ABSENT
COLLEAGUES TO JOIN YOU
.
THE ROLE AGAIN. THIRTY IF THIS
THEY WOULD CALL THE CALL THE
ROLL [inaudible]
BERRYHILL GALGIANI HUESO.
MORRELL HELP RAIL NO.
OF NEVER ANOTHER MINUTE OR TWO
FOR ABSENT MEMBERS THANK YOU
THE
ROLE AGAIN ON SB THIRTY OF THE
SECRETARY WOULD CALL THE ROLL
[inaudible]
BERRYHILL GALGIANI HUESO.
HUESO I. PRIJE WE'RE GONNA HOLD
THE ROLE OF AVERAGES TWO MORE
MINUTES AND THEN WE'LL MOVE
FORWARD SO ANYBODY OUT THERE WAS
A SENATOR ISN'T HERE PLEASE.
INVITE THEM DOWN THANK YOU
[inaudible]
OKAY WE SENATE INSURANCE
COMMITTEE WE HAVE ONE BILL
PENDING.
WHICH I WOULD CALL THE ROLL.
BERRYHILL GALGIANI GALGIANI AYE
THAT.
OKAY SO WE HAVE A VOTE OF NINETY
TWO AND WE'RE GONNA PUT THAT
FILL OUT THANK YOU ALL VERY MUCH
AT THE GREAT GREAT.
GREAT DAY