Bill Sponsor
Florida House Bill 451
Session 2025
Court Judgment Interest Rates and Insurance Reports and Practices
Active
Active
Failed in House on Jun 16, 2025
First Action
Feb 6, 2025
Latest Action
Jun 16, 2025
Origin Chamber
House
Type
Bill
Bill Number
451
State
Florida
Session
2025
Sponsorship by Party
House Votes (0)
House votes are unavailable for this bill.
Summary
Court Judgment Interest Rates and Insurance Reports and Practices; Revises calculation that CFO performs to set rate of interest payable on judgments or decrees; requires OIR to create specified reports on insurance-related entities & compensation of executive officers for insurers, licensees, & registrants; revises factors office must consider in determining whether insurance rate is excessive, inadequate, or unfairly discriminatory; requires property insurers to send policyholders written estimate of amount of loss; specifies certain requirements for insurers when creating & sending such estimates; prohibits insureds & insurers from waiving such requirements; revises manner in which property insurer must respond to notice to initiate litigation; requires claimant & property insurer to participate in mandatory mediation; requires court to determine attorney fees in specified manner for cases arising from property insurance dispute; requires property insurers to disclose to policyholders dollar amount of credit or premium discount for mandatory binding arbitration endorsement.
Actions (8)
06/16/2025
House
Died in Insurance & Banking Subcommittee
05/03/2025
House
Indefinitely postponed and withdrawn from consideration
03/04/2025
House
1st Reading (Original Filed Version)
02/19/2025
House
Now in Insurance & Banking Subcommittee
02/19/2025
House
Referred to Commerce Committee
02/19/2025
House
Referred to Civil Justice & Claims Subcommittee
02/19/2025
House
Referred to Insurance & Banking Subcommittee
02/06/2025
House
Filed
Sources
Record Created
Feb 14, 2025 3:53:25 PM
Record Updated
Jul 6, 2025 11:33:46 AM