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Consumer eViews
FLORIDA CHIEF FINANCIAL OFFICER ALEX SINK'S WEEKLY NEWSLETTER
Volume 4, Number 30, July 27, 2007
Fellow Floridian:
Reuniting Floridians with their lost assets and precious memories is the
number one goal of our Bureau of Unclaimed Property. This week, we were
delighted to return some very special heirlooms to their families.
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Purple Heart & Silver Star-- On Tuesday, representatives from the Bureau returned a
Purple Heart and Silver Star to Daniel DeVillez , the son of the late
Kenneth DeVillez, a Marine who earned the medals for injury and bravery
sustained at the Battle of Iwo Jima during World War II.
·
Rare & Valuable Gold Coin-- On Thursday, the Bureau returned a 1907 Saint Gaudens
Double Eagle “High-Relief” $20 gold coin with an estimated value between
$25,000 and $90,000 to Phyllis Childers, the daughter of the late Tere
Claiborne. The coin was believed to have been given by President Theodore
Roosevelt to Phyllis’ great-great-grandfather, Manuel Amador Guerrero, the
first president of Panama.
The Bureau of Unclaimed Property actively searches for the rightful owners
or heirs to contents from abandoned safe deposit boxes. But when the owners
or heirs cannot be found, the safe deposit box contents are auctioned by the
state. Proceeds generated at the auction are held in perpetuity for the
owner or heirs.
Unclaimed Property Auction—Saturday, August 4th, the State of Florida
will be holding an Unclaimed Property Auction at 10 a.m. in Orlando in the
Florida Hotel and Conference Center at the Florida Mall. A preview of
auction items will be held on Friday, August 3, 2007, from 10 a.m. to 7 p.m.
Included in over 40,000 items up for auction August 4th are:
- An un-circulated 1882 silver dollar
- Baseballs autographed by Hank Aaron and Don Larsen
- Diamond jewelry
- Spanish colonial silver coins
- A $500 bill
- A platinum ring with a 17 ct. natural sapphire
With nearly eight million accounts, the chances are good
we are holding your cash or the cash of someone you know. For more
information about the upcoming auction or to search for unclaimed property,
please visit www.fltreasurehunt.org.
CFO SINK WORKS TO STREAMLINE HEALTHY
KIDS PROGRAM WITHOUT LEGISLATIVE ACTION
Sink creates Ad Hoc Committee to study ways to simplify the program for
families
Florida Chief Financial Officer Alex Sink announced the formation of an Ad
Hoc Committee for the Florida Healthy Kids Corporation that will examine
ways to make it easier for families to enroll in the low-cost health
insurance program and increase the number of children the program retains.
CFO Sink, who serves as the Chair of the Healthy Kids Board, created the
committee in an effort to identify how the Board can streamline the Healthy
Kids program without the need for legislative action.
“Right now, families are forced to navigate through a bureaucratic maze—a
spaghetti factory, if you will—just to purchase health insurance for their
children,” said CFO Sink, who leads the Department of Financial Services.
“This committee is the first step to streamlining the program and helping
more families ensure their children have access to affordable, quality
health care.”
The Florida Healthy Kids program is one of four components of the larger
Florida KidCare program, the state’s health insurance program for uninsured
children. Florida Healthy Kids allows working families the opportunity to
purchase low-cost health insurance for their children ages 5 through 19
years of age. To be eligible for discounted premiums, families must earn
less than 200 percent of the federal poverty level, or $40,000 for a family
of four.
The federal government provides a two-to-one match for Florida’s Healthy
Kids program. Reduced state funding and low enrollment in the program have
resulted in the State of Florida losing $139.7 million in federal funding
since 1998. Florida’s unused federal match is then dispersed to other states
that exceed their projected enrollment. Increasing enrollment and retention
in the Healthy Kids program will not only help more children receive
preventative health care, but will also reduce the amount of federal funding
Florida sends to other states.
During the 2007 Legislative Session, the Legislature was unable to pass
legislation to improve the program and make it easier for families to
purchase affordable health insurance for their children. Some of the changes
sought included increasing accountability, eliminating unnecessary
bureaucratic barriers and simplifying the application process for Florida’s
families.
With the possibility of statutory change not on the near horizon, CFO Sink
has formed this Ad Hoc Committee to research ways to simplify the program
and focus it around the needs of families. The Ad Hoc Committee is scheduled
to meet on July 30, 2007, from 1:00 to 5:00 p.m. at The Florida Healthy Kids
Corporation office in Tallahassee. The committee will present a final report
and recommended administrative rule changes to CFO Sink at the Healthy Kids
Board meeting on August 9, 2007, in Hollywood, Florida.
The following individuals have been appointed to the Ad Hoc Committee:
Chris Card, Chairman of Ad Hoc Committee
Lester Abberger, Florida Lobbying Associates
State Representative Loranne Ausley
State Representative Bill Galvano
Sam Bell, Pennington Law Firm
Jay Wolfson, M.D., Director, Florida Health Information Center
Bruce Culpepper, Akerman Senterfitt
Diana Ragbeer, The Children’s Trust
David Marcus, M.D., Pediatric Associates
The Florida Healthy Kids Ad Hoc Committee meeting will be held:
Date: July 30, 2007
Time: 1:00- 5:00 p.m.
Location: The Florida Healthy Kids Corporation
661 East Jefferson Street, 2nd Floor
Tallahassee, Florida
CFO SINK RETURNS RARE CENTURY-OLD $20
GOLD COIN
Most valuable coin ever held by the
state’s Unclaimed Property Bureau
Florida Chief Financial Officer Alex Sink announced the
return of a 1907 gold coin with an estimated value
between $25,000 and $90,000 to the daughter of the late
Tere Claiborne. Representatives of the state’s Unclaimed
Property program presented the coin Thursday to Phyllis
Childers of the City of Lake Worth in Palm Beach County.
“I am pleased to be able to reunite this family with
this beautiful historical heirloom," said CFO Sink who
oversees the Department of Financial Services and the
Bureau of Unclaimed Property (Bureau).
The early twentieth century collectible is a 1907 Saint
Gaudens Double Eagle “High-Relief” $20 gold coin. The
term “High-Relief” refers to the extreme height that
images are raised above the background of the coin, and
only 12,367 coins were made due to the extreme
difficulty of production. One of the five most
sought-after coins in America, President Theodore
Roosevelt commissioned sculptor Augustus Saint-Gaudens
for the design in 1906.
The gold coin belonged to Phyllis Childers’ mother, Tere
Claiborne, who passed away in 2000. The family searched
for years, but was unable to find the coin, which Mrs.
Claiborne had placed in a safe deposit box on her way to
a bridge game. Phyllis Childers called the coin the
“cornerstone of the family,” as it is believed that
President Theodore Roosevelt personally gave the coin to
Phyllis’ great-great-grandfather, Manuel Amador
Guerrero, who was the first president of Panama from
February 1904 to October 1908.
The Bureau of Unclaimed Property currently holds
unclaimed property accounts valued at more than $1
billion, mostly from dormant accounts in financial
institutions, insurance and utility companies,
securities and trust holdings. Since the program's
inception 46 years ago, the Bureau has successfully
reunited owners with more than $1 billion in unclaimed
property.
Currently there are 405,415 Unclaimed Property accounts
in Palm Beach County totaling $72,060,579.80. Unclaimed
property can be claimed for free at any time by the
rightful owners or heirs by logging on to
www.fltreasurehunt.org or by calling the Bureau at
1-88-VALUABLE. Until claimed, the unclaimed funds are
transferred to the state’s School Trust Fund to benefit
public schools. Since the program’s inception in 1961,
more than $1.5 billion has been transferred to the fund.
The Bureau also receives items that have been abandoned
in safe deposit boxes for at least three years and
spends up to two years searching for the rightful owners
or heirs. The Bureau has had tremendous success in
finding owners. In the past year alone, the Bureau
returned a record 255,000 accounts valued at more than
$171 million. But when owners or heirs cannot be found,
the safe deposit box contents are auctioned. While the
proceeds from the auctioned items are transferred to the
state's Public School Trust Fund, the money is held in
the original owner’s name and can be claimed for free at
any time.
CFO Sink announced that the Bureau will hold an auction
this year in Orlando on Saturday, August 4, 2007, in the
Florida Hotel and Conference Center at the Florida Mall.
The auction will offer more than 40,000 items including
collectibles, jewelry, and historic coins. A preview of
auction items will be held on Friday, August 3, 2007,
from 10 a.m. to 7 p.m. The auction will be held on
Saturday, August 4, from 10 a.m. until all items are
sold. Specific items up for sale include an
un-circulated 1882 silver dollar, baseballs autographed
by Hank Aaron and Don Larsen, diamond jewelry, Spanish
colonial silver coins, a $500 bill, and a platinum ring
with a 17 ct. natural sapphire.
Participation is open to all Floridians. To participate
in the preview and auction, potential bidders will be
required to register with the auctioneer and provide a
valid ID with current address and refundable $100 cash
deposit that can also be applied to any purchases. Most
bank debit cards are permitted for payment of the $100
deposit. Payments for purchases must be made with cash,
traveler's check, most bank debit cards, or cashiers
check made payable to Fisher Auction Co. For additional
information on terms for participating, please visit
http://www.fltreasurehunt.org/ and click on “upcoming
auction."
CFO SINK RETURNS A PURPLE HEART AND SILVER STAR TO THE FAMILY OF A
FLORIDA MARINE
Florida Chief Financial Officer Alex
Sink announced the return of a Purple Heart and a Silver Star to the
son of the late Kenneth DeVillez, a Marine who earned the medals for injury
and bravery sustained at the Battle of Iwo Jima during World War II.
Representatives of the state’s Unclaimed Property program presented the
medals Tuesday to Daniel DeVillez and his wife Beverly at their residence in
Homosassa.
“For this family, these medals are a lasting legacy of
their father and his honorable service to our country," said CFO Sink who
oversees the Department of Financial Services and the Bureau of Unclaimed
Property (Bureau). “I’m so pleased our department was able to reunite
Beverly and Daniel with these priceless family heirlooms.”
Upon Private First Class DeVillez’ death, his wife,
Madaline, placed the medals into a bank safe deposit box. Mrs. DeVillez
later was stricken with Alzheimer’s and lost track of the box’s whereabouts,
leaving the family desperately searching for the missing medals. After her
death, the family pursued looking for the items for several years to no
avail. The family had lost hope of ever finding their father’s medals until
they got a call a few weeks ago from the Bureau.
The Bureau of Unclaimed Property currently holds
unclaimed property accounts valued at more than $1 billion, mostly from
dormant accounts in financial institutions, insurance and utility companies,
securities and trust holdings. Since the program's inception 46 years ago,
the Bureau has successfully reunited owners with more than $1 billion in
unclaimed property.
Currently there are 21,608 unclaimed property accounts
for a total of $3.3 million in Citrus County, 8,914 accounts for $1.2
million in Hardee County, 23,050 accounts for $3.4 million in Hernando
County, 22,551 accounts for $4 million in Highlands County, 357,496 accounts
for $47.4 million in Hillsborough County, 61,463 accounts for $10.1 million
in Manatee County, 96,615 accounts for $14 million in Pasco County, 218,735
accounts totaling $40 million in Pinellas County, 124,912 accounts for $15.4
million in Polk County, and 90,798 accounts for $17 million in Sarasota
County.
Unclaimed property can be claimed for free at any time
by the rightful owners or heirs by logging on to
www.fltreasurehunt.org or by calling the Bureau at 1-88-VALUABLE. Until
claimed, the unclaimed funds are transferred to the state’s School Trust
Fund to benefit public schools. Since the program’s inception in 1961, more
than $1.5 billion has been transferred to the fund.
The Bureau also receives items that have been abandoned
in safe deposit boxes for at least three years and spends up to two years
searching for the rightful owners or heirs. The Bureau has had tremendous
success in finding owners. In the past year alone, the Bureau returned a
record 255,000 accounts valued at more than $171 million. But when owners
or heirs cannot be found, the items are auctioned. While the proceeds from
the auctioned items are transferred to the state's Public School Trust Fund,
the money is held in the original owner’s name and can be claimed for free
at any time.
CFO Sink announced that the Bureau will hold an auction
this year in Orlando on Saturday, August 4, 2007, in the Florida Hotel and
Conference Center at the Florida Mall. The auction will offer more than
40,000 items including collectibles, jewelry, and historic coins. A preview
of auction items will be held on Friday, August 3, 2007, from 10 a.m. to 7
p.m. The auction will be held on Saturday, August 4, from 10 a.m. until all
items are sold. Specific items up for sale include an un-circulated 1882
silver dollar, baseballs autographed by Hank Aaron and Don Larsen, diamond
jewelry, Spanish colonial silver coins, a $500 bill, and a platinum ring
with a 17 ct. natural sapphire.
Participation is open to all Floridians. To
participate in the preview and auction, potential bidders will be required
to register with the auctioneer and provide a valid ID with current address
and refundable $100 cash deposit that can also be applied to any
purchases. Most bank debit cards are permitted for payment of the $100
deposit. Payments for purchases must be made with cash, traveler's check,
most bank debit cards, or cashiers check made payable to Fisher Auction Co.
For additional information on terms for participating, please visit
http://www.fltreasurehunt.org/ and click on “upcoming auction.”
CFO SINK TAKES LEGAL ACTION TO SUPPORT
MINOUCHE NOEL AND FAMILY
Florida Chief Financial Officer Alex Sink filed a complaint asking for a
declaratory judgment from the Leon County Circuit Court regarding “The Noel
Relief Act,” or Chapter 2007-261, Laws of Florida (House Bill 593). At issue
are competing claims for the $8.5 million appropriated by the Florida
Legislature to Minouche Noel and her family, which are in direct conflict
with the Legislature’s intended payment of the claims bill.
As the state’s constitutional officer with the duty to settle accounts of
the State of Florida and draw warrants to pay the state’s financial
obligations, CFO Sink is asking the Leon County Circuit Court to affirm the
intent of the Legislature. Specifically, the court will determine the rights
of all parties to the $8.5 million claim so that CFO Sink may issue swift
payment to the Noels. Additionally, CFO Sink is asking the Leon County
Circuit Court to create a special needs trust with a court-appointed
trustee, without which, she is legally unable to pay Noel for her damages as
the Legislature intended.
CFO Sink also filed today an amicus curiae motion, Latin for “friend of the
court,” with the Broward County Circuit Court in support of Minouche Noel
and her family. CFO Sink asked the court to deny the motions by Minouche
Noel’s attorneys to reopen her case, originally filed in 1990, and to file a
lien against the Noels. A hearing on the motions filed by Minouche Noel’s
attorneys is scheduled for Monday, July 30, 2007.
“We’ve asked the Broward and Leon County Circuit Courts to support our
motions and resolve this matter swiftly,” said CFO Sink, who leads the
Department of Financial Services. “My heart goes out to Ms. Minouche Noel
and her family, who have suffered far too long after an incident of medical
malpractice almost two decades ago.”
At six months of age, Minouche Noel was left paralyzed after a medical
malpractice incident at a public medical facility in 1989. It wasn’t until
1999 that Minouche Noel was awarded $8.5 million for injuries and damages.
Under Florida law, any court judgment exceeding $200,000 in a negligent
claims case against the government can only be paid by an act of the
Legislature.
During the 2007 Legislative Session, the Legislature passed a claims bill to
compensate Minouche Noel and her family for their losses, $6.5 million in a
special needs trust fund for Minouche Noel and $2 million for her parents.
The Legislature specifically limited the payment of attorneys’ fees to
$1,074,667 and lobbyists’ fees to $85,000. Recently, however, the Noel’s
lawyers have taken legal action in effort to increase their compensation
beyond that which was specified under the claims bill. The Noels’ attorneys
are seeking an additional $676,000 beyond that which was authorized by the
Legislature, which would be taken out of the damages awarded to the parents.
Last week, Senate President Ken Pruitt and House Speaker Marco Rubio sent
CFO Sink a letter of legislative intent asking her to take legal action to
protect the interests of the Noels.
MY SAFE FLORIDA
HOME ADDS NEW HELPLINE SPECIALISTS
Program improving customer service and reducing hold
time for Florida homeowners
In a continuing effort to improve customer service,
Florida Chief Financial Officer Alex Sink announced the
My Safe Florida Home (MSFH) program has added 12
helpline specialists - doubling the resources - to
assist homeowners inquiring about the program through
its toll free helpline. Since the MSFH program expanded
statewide in April, the helpline has received an
increased number of inquiries from new and current
applicants. With the additional staff, the program
expects homeowners seeking a free wind inspection will
be able to reach a specialist more quickly.
“Since taking office in January, we have been working to
improve the customer service in the My Safe Florida Home
program,” said CFO Sink, who oversees the Department of
Financial Services. “The addition of more helpline
representatives is yet another way the program is
working to better assist Florida’s homeowners.”
The additional helpline specialists will allow the
program to handle up to 3,500 more calls per week. The
MSFH program is currently handling almost 5,000 calls
each week. Consumers should know that hold times to
speak to a specialist vary from day to day, with the
heaviest call volume on Mondays and Tuesdays. The
program receives fewer phone calls mid- to late-week.
CFO Sink has been working to streamline the program and
to provide better customer service to Floridians after
the program got off to a slow start in 2006. Florida
homeowners can apply entirely online to receive their
free wind inspections by visiting the MSFH program’s Web
site at www.MySafeFloridaHome.com. Consumers may also
apply over the phone at the program’s toll-free helpline
at 1-866-513-MSFH (6734).
CFO Sink’s goal is to complete 400,000 free wind
inspections over the next two years and, since April
2007, more than 60,000 Floridians have received free
wind inspections. Any Floridian who lives in a
single-family, site-built home is eligible for a free
wind inspection through the program. With a free wind
inspection, Floridians will receive a detailed
inspection report, learn how safe their homes are and
know what they can do to strengthen their homes against
hurricanes. Additionally, many Floridians are finding
they are eligible for discounts on their wind insurance
premiums—without making a single improvement!
The MSFH program also offers eligible homeowners
matching grant reimbursements of up to $5,000 to make
certain mitigation improvements. In order to be eligible
for the program’s matching grant reimbursements,
homeowners who sign up now must meet the following
requirements under a new law: have received a completed
wind inspection; live in a single-family, site-built
home with a building permit issued before March 1, 2002;
have a valid homestead exemption; have an insured value
of $300,000 or less; and be located in the wind-borne
debris region. Additionally, while the free wind
inspections cover seven potential wind-resistance
improvements, matching grants may only be used for
opening protections, including windows, exterior doors
and garage doors, as well as the bracing of gable ends.
More than 6,000 homeowners are currently working with
the MSFH program to harden their homes. To date, 533
homeowners have completed the improvements recommended
in their inspection reports and have received a grand
total of more than $1.6 million in matching grant
reimbursements. Homeowners are being reimbursed for half
the cost up to $5,000 on a variety of home improvements,
including hurricane shutters, reinforced garage doors
and the bracing of gable ends.
FLORIDA COMPLETES PURCHASE TO PROTECT
SILVER SPRINGS
New acquisition of more than 1,700 acres will protect
Florida First Magnitude Spring
The State of Florida took ownership of more than 1,700
acres, the second and final phase of a more than
4,400-acre purchase near Silver Springs, a part of the
Florida First Magnitude Springs Florida Forever project
on July 25. A partnership with The Nature Conservancy
and Marion County, the purchase from Avatar Properties,
Inc. places the land in conservation and helps protect
the water quality of Silver Springs.
“The Silver Springs area is an important cultural and
natural resource to be preserved and protected for
future generations,” said Florida DEP Secretary Michael
W. Sole. “This purchase protects one of nation’s largest
springs, preserving its water quality and wildlife
habitat.”
The acquisition preserves habitat for rare and
endangered species, including the bald eagle, Florida
black bear and gopher tortoise. With 13 known sinkholes,
the area acts as a “recharge area” for one of the
largest first magnitude springs in the nation.
The Florida First Magnitude Springs Florida Forever
project focuses on land near Florida’s first magnitude
springs that discharge more than 100 cubic feet of water
per second. Florida’s springs, scattered through
northern and central Florida, draw from the Floridan
Aquifer, which is the state’s primary source of drinking
water. Springs, with clear, continuously flowing waters,
are among Florida’s most important natural resources and
are famous tourist attractions. Many of the 160 state
parks that the DEP manages are even named for the
springs, such as Wakulla Springs State Park, Ichetucknee
Springs State Park and Blue Spring State Park.
“The State of Florida has taken a great step toward the
protection of one of the largest springs in the country
and one of the state’s most renowned natural resources,”
said Jeff Danter, Florida state director for The Nature
Conservancy. “This land purchase will help to buffer
Silver Springs from development and preserve its water
quality, while also protecting the plants and animals
that live there.”
The Florida Springs Initiative, established by the
Florida Legislature in 2001, is the first comprehensive,
coordinated plan to restore and protect Florida’s more
than 700 freshwater springs. Last year the Florida
Springs Initiative set aside more than $300,000 to
protect spring ecosystems, water quality and flow within
Florida’s award-winning state park system.
The 10-year, $3 billion Florida Forever program
established by the Florida Legislature in 1999 conserves
environmentally sensitive land, restores waterways and
preserves important cultural and historical resources.
With more than two million acres of land conserved
through Florida Forever and its predecessor,
Preservation 2000, the state is increasing public access
to recreation lands, connecting communities with green
space and expanding natural corridors to safeguard
wildlife.
The Nature Conservancy is a leading international,
nonprofit organization that preserves plants, animals
and natural communities representing the diversity of
life on Earth by protecting the lands and waters they
need to survive. With funding from the voter approved
Florida Forever program and generous donors, the
Conservancy has helped protect more than 1.2 million
acres in Florida since 1961.
In addition, Silver Springs has served as the setting
for the “Sea Hunt” television series starring Lloyd
Bridges and many feature films, including “Creature from
the Black Lagoon.”
For more information, visit http://www.dep.state.fl.us/mainpage/programs/florida_forever.htm.
CFO SINK ANNOUNCES FUTURE INITIATIVE TO IMPROVE THE
RECORDKEEPING OF CIVIL REMEDY NOTICES
Florida Chief Financial Officer Alex Sink announced her plan to improve the
Department of Financial Services’ recordkeeping of civil remedy notices and
the resolutions of these disputes between policyholders and insurance
companies. Currently, the system consists of cumbersome paper-files of
hundreds of thousands of medical, legal and insurance documents. CFO Sink
has ordered her department to begin working on a more accessible electronic
database, allowing consumers or their attorneys the opportunity to fulfill
their statutory obligations entirely online.
CFO Sink’s revamp of the civil remedy notice compliance requirements comes
on the heels of concerns over the recordkeeping practices established under
the previous administration. After being made aware of growing concerns, CFO
Sink immediately ordered the protection of all public records and a full
review of her department’s role in the receipt of civil remedy notices and
the resolutions of the disputes.
“I am pleased that despite initial concerns, it has always been the policy
of the Department of Financial Services to retain all civil remedy notices,
materials included with the initial filings and the final resolutions,” said
CFO Sink, who oversees the department. “But I am not satisfied that these
records have been used to the benefit of Florida consumers. We will be
upgrading our systems with the goal of helping regulators quickly spot
trends in market conduct.”
Floridians wanting to take legal action against an insurance company first
must file a civil remedy notice with the department, which is also required
to keep a record of the resolution of the consumer’s dispute. Last year, the
department received more than 16,719 individual filings of civil remedy
notices.
By creating an electronic, web-based system for consumers having to file
civil remedy notices, CFO Sink is simplifying the requirements for
Floridians and eliminating the unwieldy paper-based system that currently
prevents the swift observation of insurance marketplace trends. The future
streamlined database will enable the CFO to generate reports about the types
of legal action consumers are planning to file against insurance companies,
and it is CFO Sink’s intention to share this data with the Office of
Insurance Regulation and Insurance Consumer Advocate, General Bob Milligan.
In many instances, lawyers have also sent extraneous legal documents after
the civil remedy notice was filed with the department, which often contain
consumers’ personal medical and insurance information. CFO Sink’s electronic
system will ensure that Floridians’ confidential information is protected,
while providing essential information about consumer disputes.
Consumer Services Helpline (800) 342-2762
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