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5 min read

2022 Minnesota Election Memo

By Chris DeLaForest, NAIFA-Minnesota Lobbyist on 12/1/22 12:11 PM

Valued Clients, while many of you watched the election returns in real time, below are the facts of the outcome, what it means for the 2023 legislature and why things happened as they did, at least in my humble opinion.

2 min read

Minnesota Election Summary

By Tom Lehman, NAIFA-Minnesota Lobbyist on 11/18/22 1:48 PM

Here in Minnesota, a multi-million dollar cash advantage combined with a more sophisticated data and get-out-the-vote system and a strong pro-choice message created a blue wave that gave the DFL control of the Governor’s office, the Senate and the House for the first time since 2014.  This means the DFL can set and pass an agenda without having to compromise with Republicans.  The fights in St. Paul will now be between a progressive Senate and House and a liberal Governor to their Right. 

Feds Approve 'Reinsurance' Plan Extension to Control Premiums on MNsure Policies

By NAIFA-Minnesota on 7/20/22 12:36 PM

The state Commerce Department says health insurance premiums on average statewide would have been 15 to 20% higher without the program between 2018 and 2022.

Registration is OPEN For Finaroo!

By NAIFA-Minnesota on 7/11/22 1:28 PM

Registration is officially OPEN for the FIRST EVER Financial Festival, Finaroo! 

Topics: NAIFA Events

First Ever Financial Festival!

By NAIFA-Minnesota on 6/30/22 3:37 PM

NAIFA President-Elect, Bryon Holz, is ready to rock-n-roll at Finaroo. Will YOU be there?

1 min read

Emerging Trends and Technology in Payments

By NAIFA-Minnesota on 5/24/22 11:29 AM

Join FSP-Twin Cities and NAIFA-Minnesota Thursday, June 2nd for this month's Collaborative Learning Event! This program features Guy Berg, Vice President, Payments, Standards, & Outreach Group at the Federal Reserve Bank of Minneapolis. 

1 min read

Legislative Update For the Week of May 9th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 5/16/22 2:25 PM

Deal Reached to Resolve Budget Stalemate

1 min read

Legislative Update For the Week of May 2nd

By Tom Lehman, NAIFA-Minnesota Lobbyist on 5/10/22 10:43 AM

17 Days to Go With Low Expectations

2 min read

Legislative Update For the Week of April 4th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 4/11/22 4:14 PM

Legislature Takes a Break                                      

The Legislature will be in recess this week for the Passover/Easter holidays, returning on Monday, April 18th. The Legislature has been in session for 10 weeks, but has little to show for the hundreds of hours of committee hearings and floor sessions that have taken place. Only one major bill, reinsurance, has been signed into law.   At the top of the list of issues to resolve is what to do with the projected $9.2 billion budget surplus.   Senate Republicans want permanent tax cuts passed while DFLers want the surplus invested in education, health care, housing, and other areas that DFLers say have been underfunded for years. The failure of the two sides to agree last year on how to give away $250 million to front-line workers does not offer hope to Capitol observers that resolving the budget differences will be any easier this year. The two parties have moved away from the middle toward the fringes, where making a deal with the opposition by compromising is viewed as a bad thing. This could set up five weeks of partisanship and no deals before the Legislature adjourns on May 23.                          

3 min read

Legislative Update for the Week of March 28th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 4/4/22 1:48 PM

Reinsurance Extension Becomes Law!

3 min read

Legislative Update For the Week of March 21st

By Tom Lehman, NAIFA-Minnesota Lobbyist on 3/28/22 11:08 AM

NAIFA-MN State Government Affairs Chair Corey Anderson testifying next to Senator Julia Coleman, author of NAIFA-supported legislation, before the Senate Commerce and Consumer Protection Committee.

4 min read

Legislative Update For the Week of March 14th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 3/21/22 1:30 PM

Quote of the Week
“It was a pile of bull crap on top of a pile of bull crap!” An angry House Speaker Melissa Hortman responding to Senate Majority Leader Jeremy Miller’s proposal on front-line worker payments.

5 min read

Legislative Update For the Week of March 7th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 3/13/22 2:53 PM

Quote of the Week: “The insurance model just doesn’t work for health care!” Rep. Tina Liebling, Chair, Health Finance, and Policy Committee  

5 min read

Legislative Update For the Week of February 28th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 3/7/22 11:09 AM

Quote of the Week: “If the author of the bill will yield for another question, maybe this one will be a little more painful!" Legislator grilling a freshman on his bill on the House floor.

 

5 min read

Legislative Update For the Week of February 21st

By Tom Lehman, NAIFA-Minnesota Lobbyist on 2/28/22 3:46 PM

Quote of the Week: “Do I need to unmute myself?” Senator speaking into a microphone at a Senate hearing while also watching on a laptop.

3 min read

Legislative Update For the Week of February 14th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 2/19/22 2:46 PM

Redistricting Unveiled

2 min read

Legislative Update For the Week of February 7th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 2/14/22 4:06 PM

Big Picture Issues

Economy Continues to Boom                        

Minnesota’s economy continues to roar ahead after the 2020-2021 COVID slowdown.     Minnesota’s unemployment rate fell to 3.1% in January, well below the 3.8% national average. Minnesota Management and Budget announced on Thursday that tax collections in January were 25% greater than projected. Corporate tax revenues were $642 million more than forecast . Since July 1, the start of the State’s fiscal year, tax revenues are $1.5 billion higher than projected. The State already has a projected $7.7 billion surplus based on the November budget forecast. A new budget forecast will be released in the next month that will guide spending and tax decision-making for the remainder of the session.

1 min read

Legislative Update For the Week of January 31st

By Tom Lehman, NAIFA-Minnesota Lobbyist on 2/7/22 12:21 PM

Quote of the Week:

"The crisis has reached crisis levels!" Department of Human Services testifying on workforce shortages in the health care sector. 

Prudent Planners Use the Three M's for Retirement Portfolio Success

By John Florance, E4 Senior Vice President of Annuities on 10/7/21 3:54 PM

2020 marked the half-way point of the Baby-Boomer generation’s retirement process. The early Boomers began pulling out of the workforce in 2010, and the later ones will continue to begin their retirements for the next 10 to 15 years. The generation before the Boomers, known alternately as Traditionalists, Matures, and “The Greatest,” are at the end of their lives on this planet.

1 min read

Reinsurance Victory!

By Tom Lehman, NAIFA-Minnesota Lobbyist on 6/23/21 2:27 PM

As you can read in the story linked below, legislative leadership has agreed to extend reinsurance for another year -- through 2022.

Welcome 2021 New Members!

By NAIFA-Minnesota on 6/1/21 2:40 PM

Welcome new members who joined NAIFA-Minnesota so far this year!

Belonging to your professional association sets you apart from the competition by ascribing to a Code of Ethics, voluntarily investing & participating in a performance-driven networking group, and serving your industry through advocacy and community service.

Topics: Members
2 min read

The Future of Emerging Markets & The Growing Digital Revolution

By NAIFA-Minnesota on 5/24/21 3:10 PM

Join NAIFA-Minnesota and FSP Thursday, June 3rd for this Collaborative Learning Event! This month features Kevin Carter with The Future of Emerging Markets & The Growing Digital Revolution.

June 3, 2021 | 11:40 a.m. - 1:00 p.m. | VIRTUAL - Zoom

Following the meeting the Zoom window will remain open for 30 minutes (1:00 - 1:30 p.m.) for members and sponsors to move to Breakout Rooms and remain online to chat about the meeting content and network with other attendees.

YOU'RE INVITED! D.I.scovery

By NAIFA-Minnesota on 5/24/21 2:55 PM

NAIFA-Minnesota, YOU'RE INVITED! Join NAIFA-Tennessee for D.I.scovery presented by DI Geek, Corey Anderson.

1 min read

No Budget Means Special Session

By Tom Lehman, NAIFA-Minnesota Lobbyist on 5/17/21 5:01 PM

The lack of an agreement by Governor Walz, House Speaker Melissa Hortman and Senate Majority Leader Paul Gazelka on overall spending targets means the session ended with a whimper on Monday without passage of the budget bills needed to keep state government operating on July 1. Conference committees met last week, but with no budget targets they could only adopt non-controversial policy provisions. There have been only 3 sessions out of the last 11 budget sessions during which the Legislature completed its work on time.

2 min read

May President's Message

By Allison Kraus, NAIFA-Minnesota President on 5/13/21 9:13 AM

As we all emerge from the pandemic storm shelters and thank our lucky stars that we are in an industry where we benefit, the more people we are able to help. I hope this finds you healthy NAIFA-Minnesota! Like everything out there, NAIFA-Minnesota is roaring back and excited to start meeting face-to-face over the next few months. We’ve got a number of fun and educational events for everyone!

1 min read

No Budget Targets With 10 Days to Go

By Tom Lehman, NAIFA-Minnesota Lobbyist on 5/10/21 12:43 PM

The 2021 session is scheduled to adjourn in 10 days, but legislative leaders and the Governor have no agreement on overall spending and individual finance bill spending targets.  

1 min read

Legislature Begins Final Two Weeks of Regular Session

By Tom Lehman, NAIFA-Minnesota Lobbyist on 5/3/21 2:52 PM

The 2021 legislative session is scheduled to adjourn on Monday, May 17th and decisions that will affect NAIFA members are about to be made. House and Senate conference committees will begin meeting this week to reconcile differences in how the two bodies dealt with taxes, spending and hundreds of policy issues.

1 min read

Legislative Update For the Week of April 19th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 4/23/21 4:45 PM

Reinsurance Conference Committee Set to Begin

1 min read

Legislative Update for the Week of April 5

By Tom Lehman, NAIFA-Minnesota Lobbyist on 4/13/21 10:24 AM

Legislature Reaches 3rd Committee Deadline

Friday was the 3rd Committee Deadline, the date by which all finance bills must be reported to the House Ways and Means Committee or the Senate Finance Committee. All Finance Committees in the two bodies were busy this week marking up their finance bills, some of which are scheduled to be heard in Ways and Means or Finance next week. 

Virtual Minnesota Insurance Day

By Holly Youngblood on 4/9/21 4:04 PM

TUESDAY, APRIL 20, 2021
9:00 - 11:00 A.M. VIA ZOOM

3 min read

Legislative Update For the Week of March 22nd

By Tom Lehman, NAIFA-Minnesota Lobbyist on 3/26/21 7:34 PM

Legislature Takes Break for Easter and Passover Holidays

The Minnesota Legislature is on its Easter/Passover break until 8:30 a.m., Tuesday, April 6. When the Legislature reconvenes, it will have just six weeks before the scheduled May 17th adjournment date. The biggest pending issue when legislators reconvene will be finalizing a two-year biennial budget for the biennium beginning July 1.

1 min read

Legislative Update For the Week of March 15th

By Tom Lehman, NAIFA-Minnesota Lobbyist on 3/22/21 11:58 AM

It’s 2nd Committee Deadline!

Hundreds of bills that escaped dying last Friday with the 1st Committee Deadline died Friday at midnight with the arrival of the 2nd Committee Deadline. The deadline process winnows down the bills that have been introduced over the past weeks from over 4,500 to hundreds, most of which will be folded into omnibus finance bills. 

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