Bill > H0819

This bill aims to enhance the expertise of the Florida Commission on Hurricane Loss Projection Methodology by increasing its membership from 11 to 12 individuals. The Florida Commission on Hurricane Loss Projection Methodology, which is assigned to the State Board of Administration, is responsible for developing methodologies to project hurricane-related losses, crucial for insurance rate-setting and risk management in Florida. The key change is the addition of a new member appointed by the Governor, who must be a licensed professional structural engineer with specialized knowledge in wind mitigation techniques, which are methods to reduce damage from high winds. This expansion is intended to bring immediate, specialized expertise to the commission's work.