Florida · 2025 Regular Session · Bill
HB 451: Court Judgment Interest Rates and Insurance Reports and Practices
Did not advance Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
- Did not advance
Last official action: ·Record last updated:
Plain-language summary
HB 451 is a bill introduced in the Florida House on February 6, 2025. According to its official title, it concerns: Court Judgment Interest Rates and Insurance Reports and Practices. Primary sponsor: Alex Andrade (Republican). Most recent recorded action (June 16, 2025): Died in Insurance & Banking Subcommittee.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Alex Andrade | Primary sponsor | Republican | House | 2 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Died in Insurance & Banking Subcommittee
- Indefinitely postponed and withdrawn from consideration
- 1st Reading (Original Filed Version)
- Now in Insurance & Banking Subcommittee
- Referred to Commerce Committee
- Referred to Civil Justice & Claims Subcommittee
- Referred to Insurance & Banking Subcommittee
- Filed