The bill amends Florida Statutes to strengthen hurricane mitigation efforts through the My Safe Florida Home Program by establishing specific conditions for awarding grants. These grants are contingent upon the requirement that the improvements lead to property insurance credits or discounts. The Department of Financial Services is assigned the responsibility of ensuring that certain mitigation improvements are completed before grant reimbursements are issued. Additionally, the bill raises the surplus requirements for insurers seeking original or maintained certificates of authority and imposes restrictions on individuals associated with insolvent insurers.

Moreover, the legislation introduces new regulations regarding the use of algorithms and artificial intelligence in the insurance claims process, mandating that final decisions to deny claims must be made by qualified human professionals rather than relying solely on technology. Insurers are also required to keep detailed records of claim denials and provide clear communication to claimants about the reasons for denial. The bill aims to improve the efficiency, accountability, and transparency of hurricane mitigation inspections and grants, while also prioritizing support for low-income homeowners. It 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