The bill amends various sections of Florida Statutes to enhance hurricane mitigation efforts through the My Safe Florida Home Program. It establishes that grants for hurricane mitigation can only be awarded if the improvements lead to property insurance credits or discounts, with the Department of Financial Services responsible for ensuring that specific mitigation improvements are completed for grant reimbursement. Additionally, the bill increases surplus requirements for insurers seeking original or maintained certificates of authority and introduces prohibitions for individuals associated with insolvent insurers.

Moreover, the legislation introduces regulations concerning the use of algorithms and artificial intelligence in processing insurance claims, mandating that final decisions to deny claims must be made by qualified human professionals rather than solely relying on automated outputs. Insurers are required to keep detailed records of claim denials and provide clear communication to claimants regarding the responsible human professional involved in the decision. The bill aims to improve the efficiency and accountability of hurricane mitigation inspections and grants, while prioritizing assistance for low-income homeowners, and is set to take effect on July 1, 2025.

Statutes affected:
H 1433 Filed: 215.5586, 624.407, 624.4073
H 1433 c1: 215.5586, 624.407, 624.4073, 627.062