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When you consider making a living and building a future, Florida is truly a place where opportunity abounds - the opportunity for every child to learn to reach their full potential, the opportunity to feel safe at work and in our neighborhoods, and the opportunity to thrive and grow as a business. It is these opportunities that bring nearly 900 new people a day to live in Florida. Today, Florida continues to lead the nation in job growth, a position we have
held for the last two years. In fact, our unemployment rate has again dropped to
4.6 percent in April from 4.9 percent in March and down from 5.3 percent a year
ago. These numbers mean that Florida’s job market has expanded by more than
168,000 jobs in the last year. Our current tax structure, and our governor and legislature’s commitment to tax relief, have helped foster economic growth and job creation. Our expanding economy demands that we devote our resources to help educate and train hard-working Floridians to fill the jobs. These are important challenges for state leaders as we continue to develop Florida’s economic growth, and I’m committed to the principles which will lead to future success.
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TRAVEL INSURANCE: THE VACATION RAINCHECK This coverage can be beneficial, but be sure to read the fine print As Floridians are preparing for summer
vacations, with many planning to travel during the Memorial Day weekend,
Florida’s Chief Financial Officer Tom Gallagher is reminding consumers to
consider options for ensuring your trip won’t be rained out. |
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GALLAGHER HONORED BY FINANCIAL LITERACY ORGANIZATION Florida’s Chief Financial Officer Tom Gallagher was honored by the Florida Council on Economic Education (FCEE) with their prestigious President’s Award. Gallagher was recognized for his years of advocating increased financial literacy of Florida’s students, working families and seniors. The President’s Award is presented to Floridians demonstrating leadership in promoting financial education and free-market principles. “I am truly honored to accept this award,” Gallagher said. “Preparing our citizens for financial challenges is one of my most important tasks, and I will continue to provide Floridians, especially students and seniors, with the tools needed for financial success.” Gallagher, recognized as having helped create the FCEE and provide crucial funding while serving as a state lawmaker, was honored with an award for his leadership in initiating several statewide financial education efforts. Gallagher was instrumental in the success of programs such as Florida Stock Market Simulation, Financial Freedom and Strive to Drive, which provides teens with information and instruction related to car-buying. CONTINUED |
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BETTING THE RANCH: RISKING YOUR HOME TO BUY SECURITIES As part of an ongoing effort to improve the state’s financial literacy and provide information to consumers making important investment decisions, Florida’s Chief Financial Officer Tom Gallagher is warning Floridians about the risks involved in playing the stock market with the equity in your home.
“Taking out a mortgage on
your home to make an investment means you must rely on investment returns to
make your mortgage payments. You could end up defaulting on your home loan if
the investment declines,” said Gallagher, who oversees the Department of
Financial Services. “Investors who bet the ranch could lose it.” |
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TOWING CONTRACTOR ARRESTED FOR WORKERS’ COMPENSATION FRAUD The owner of a towing company with local government contracts has been charged with failing to provide workers’ compensation for his employees, according to Chief Financial Officer Tom Gallagher. “Employers who avoid paying workers’ compensation premiums contribute to the rise in workers’ compensation rates and gain an unfair advantage over competitors,” said Gallagher, who oversees the Department of Financial Services. “We will continue to aggressively investigate instances of fraud and abuse of the workers’ compensation system.” CONTINUED |
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PHONY MORTGAGE BROKER
SENTENCED FOR ROLE IN FRAUD SCHEME |
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CONSUMER SERVICES
HELPLINE |
DEPARTMENT ADVISES CONSECO POLICYHOLDERS ON OPTIONSIn
response to numerous calls from seniors who have a home health care policy with
Conseco Senior Health Insurance Company, the Florida Department of Financial
Services is alerting them that notices are now arriving in their mailboxes with
options regarding their policies. Conseco Senior has approximately 18,650
policies in force. |