Florida Commission on Hurricane Loss Projection Methodology Windstorm Mitigation Committee Meeting Materials Posted

Aug 18, 2009

As result of House Bill 1495 becoming law on June 1, 2009, the Florida Commission on Hurricane Loss Projection Methodology (“Commission”) is required to review discounts, credits, other rate differentials and reductions in deductibles relating to windstorm mitigation. These findings must then be presented in a report to Florida’s Executive and Legislative leadership by February 1, 2010.

To generate this report, the Commission’s Windstorm Mitigation Committee planned a series of public hearings to gain a better understanding of the current process for granting wind mitigation credits.

During the first of these hearings, which took place on August 12, 2009 as part of a regularly scheduled Commission meeting, testimony was given on the implementation of Florida’s statutory windstorm mitigation insurance discount and credit system. Suggestions for improvement also were offered.

To view the meeting agenda, click here. To view a summary of the August 12 meeting, click here.

Materials presented at the hearing are accessible via hyperlink below.

Florida Commission on Hurricane Loss Projection Methodology Windstorm Mitigation Committee August 12 Meeting Materials

Audio Recording (AM)

Audio Recording (PM)

Supporting Documents for Interpretation and Implementation of Section 627.0629, F.S. and Associated Rules

Florida Office of Insurance Regulation Mitigation Discounts Summary

Support Documents for Florida Office of Insurance Regulation Mitigation Discounts Summary

Ratemaking 101 and Mitigation Rating

Citizens Property Insurance Corporation Rate Development and Impact of Wind Mitigation Credits

Applied Research Associates Wind Loss Mitigation/Rating Studies

My Safe Florida Home Program