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SB 114: Insurance Research

GENERAL BILL by Trumbull

Insurance Research; Renaming the Florida Catastrophic Storm Risk Management Center to the Florida Center for Excellence in Insurance and Risk Management; requiring the center to collaborate with the Office of Insurance Regulation to produce an annual report analyzing the property insurance market in this state; requiring the center to use the public hurricane loss projection model when necessary; requiring the office to contract with the center to manage the public hurricane loss projection model; providing for a type two transfer of the public hurricane loss projection model from Florida International University to Florida State University, etc. APPROPRIATION: $6,500,000

Effective Date: 7/1/2025
 Last Action: 4/3/2025 Senate - Placed on Special Order Calendar, 04/09/25
Bill Text: Web Page | PDF
Senate Committee References:
  1. Appropriations Committee on Higher Education (AHE)
  2. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    2/25/2025 Senate • Filed
    • Referred to Appropriations Committee on Higher Education; Appropriations
    3/4/2025 Senate • Introduced
    3/19/2025 Senate • On Committee agenda-- Appropriations Committee on Higher Education, 03/24/25, 4:00 pm, 110 Senate Building
    3/24/2025 Senate • Favorable by Appropriations Committee on Higher Education; YEAS 8 NAYS 0
    3/25/2025 Senate • Now in Appropriations
    3/28/2025 Senate • On Committee agenda-- Appropriations, 04/02/25, 9:00 am, 412 Knott Building
    3/31/2025 Senate • On Committee agenda-- Appropriations, 04/03/25, 9:00 am, 412 Knott Building --Meeting cancelled
    4/2/2025 Senate • Favorable by- Appropriations; YEAS 18 NAYS 0
    4/3/2025 Senate • Placed on Calendar, on 2nd reading
    • Placed on Special Order Calendar, 04/09/25

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  • SB 114, Original Filed Version (Current Bill Version) Posted 2/25/2025 at 12:32 PM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations Committee on Higher Education (Pre-Meeting) 3/21/2025 (pdf)
    Appropriations Committee on Higher Education (Post-Meeting) 3/25/2025 (pdf)
    Appropriations (Pre-Meeting) 4/1/2025 (pdf)
    Appropriations (Post-Meeting) 4/3/2025 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1097 (c1) Insurance Research Canady Similar Last Action: 3/31/2025 H Now in Commerce Committee Track This Bill

    Committee Votes (2)

    Date Committee Result
    3/24/2025 4:00 PM Appropriations Committee on Higher Education 8 Yeas - 0 Nays
    4/2/2025 9:00 AM Appropriations 18 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    627.06281 Public hurricane loss projection model; reporting of data by insurers. Page 5 (pdf)
    627.06292 Reports of hurricane loss data and associated exposure data; public records exemption. Page 7 (pdf)
    1004.647 Florida Catastrophic Storm Risk Management Center. Page 2 (pdf)

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