The bill amends various sections of the 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 these improvements are made 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 regarding the use of algorithms and artificial intelligence in processing insurance claims, ensuring that final decisions to deny claims are made by qualified human professionals rather than solely relying on automated outputs. Insurers are mandated to maintain specific records and provide detailed information in claims denial communications, including identifying the responsible professional involved in the decision. The bill aims to improve the efficiency and effectiveness of hurricane mitigation efforts while ensuring accountability and transparency in the insurance process, with an effective date set for 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