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HB 1433

Hurricane Mitigation Grants and Insurers' Regulations

2025 Regular Session Introduced by Yvette Benarroch and 1 co-sponsor

Florida bill creates hurricane mitigation grants for homeowners and imposes new insurance regulations, but died in committee after being postponed twice.

Died in Commerce Committee
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Bill Summary · HB 1433

Legislative bill overview

HB 1433 would establish a state-funded grant program for hurricane mitigation improvements to residential properties and impose new regulatory requirements on property insurers operating in Florida. The bill aims to reduce hurricane damage through homeowner assistance while increasing insurer accountability for coverage and claims handling.

Why is this important

Florida faces escalating hurricane risk and insurance market instability, with major insurers exiting the state and premiums rising dramatically. This bill attempts to address both property vulnerability and insurance accessibility—two interconnected crises affecting millions of homeowners and the state's economic resilience.

Potential points of contention

  • Cost and funding: State-funded mitigation grants represent significant taxpayer expense; questions about program sustainability, means-testing, and prioritization of recipients would likely be contentious
  • Insurer regulations: New requirements on insurers (coverage mandates, claims practices) could increase operating costs, potentially raising premiums further or accelerating insurer departures from Florida's market
  • Moral hazard concerns: Grants for mitigation improvements might be viewed as subsidizing coastal development or reducing individual responsibility for property protection

Compiled from official sources — confirm details with the bill’s official record.

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