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My Florida C F O
Weekly eNewsletter from Florida's Chief Financial Officer

Dear Fellow Floridian:

As a public official, I have a responsibility to make certain that companies doing business in our state are playing by the rules and honoring the contractual obligations they have made with their customers. If a business provides a service to our fellow Floridians, it should be expected to operate by the highest ethical standards and be held accountable.

Since I have been in office, we have reached settlement agreements with three insurance companies: Prudential, John Hancock and Metropolitan Life (MetLife). These settlements have halted the egregious practice of using the U.S. Social Security Administration’s Death Master File to discontinue recipients’ annuity payments, but not using the same file to determine that benefits are owed after the deaths of insured individuals.

This week, we reached a $40 million multi-agency agreement with nine MetLife companies. This settlement with MetLife is another important step in correcting a long-standing practice by insurance companies that was not in the best interest of their customers. Through these agreements, Florida sends a strong message that we will always stand up for consumers. I’m eager to begin reuniting deserving Floridians with the dollars that they are rightfully owed and protecting others in the future.

Consumers can access more information about the MetLife, Prudential or John Hancock settlement agreements at www.myfloridacfo.com/consumers/. To search for or claim property, visit my Bureau of Unclaimed Property’s website at www.FLTreasureHunt.org.

Jeff Atwater
Jeff Atwater
Chief Financial Officer
State of Florida

National Day of PrayerNational Day of Prayer May 3

At the Cabinet meeting on Tuesday, I was humbled to sponsor a resolution recognizing May 3, 2012, as the National Day of Prayer in Florida. All across our land on Thursday, May 3, Americans of allResolution presented for National Day of Prayer denominations and faiths will unite to pray for our people, our leaders and our homeland. I am thankful for the freedom that our nation enjoys and ask for the protection of our military and law enforcement officers who protect and defend our freedoms, keep our streets safe and rush to our aid when fires blaze and disasters strike.

News of Interest

Wall Street Journal: MetLife settles unclaimed life-benefit probe

Jacksonville Business Journal: Jaxport chases new business, has successes

Bradenton Herald: Small Manatee boat manufacturer earns national recognition

Bloomberg News: Companies more upbeat on U.S. economy, NABE survey shows

Washington Post: Apple trumps expectations, sells 35 million iPhones in 2nd quarter

Wall Street Journal: Facebook's growth slows as IPO nears

Fort Myers News-Press: Study ranks Southwest Florida businesses on how well they engage customers on Facebook

A Roadmap for your Financial Future

The latest issue of Florida’s Bottom Line focuses on how Florida can attract much-needed investors to support Florida’s entrepreneurs who can effectively grow health care, technology and manufacturing in our state's burgeoning economy. Our companion website provides the most up-to-date financial and economic statistics for Florida, serving as a roadmap for your financial future. Visit Florida's Bottom Line website at http://www.myfloridacfo.com/floridasbottomline/.