Volume 6, No. 4 - April 2017

News You Can Use

- Updating you on what's going on

CFO and State Fire Marshal Jeff Atwater Honors Florida Fire Service Award Winners

CFO ST FIRE

Chief Financial Officer and State Fire Marshal Jeff Atwater honored the winners of the 2017 Fire Service Awards during a reception hosted April 10 at the Florida Capitol. The annual award ceremony honors those in the fire service community who have shown excellence in their profession. Award winners were also recognized by Governor Rick Scott, Attorney General Pam Bondi, Commissioner Adam Putnam, and CFO Jeff Atwater during Tuesday’s Cabinet meeting.

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Office of Insurance Regulation Launches Assignment of Benefits (AOB) Resource Webpage

The Florida Office of Insurance Regulation (Office) today launched an Assignment of Benefits (AOB) resource webpage with information to educate Florida’s consumers about changes needed to discourage fraudulent AOB activity. The new webpage provides a sobering projection of insurance rate increases homeowners can expect to see in the next five years without any legislative reform. It also includes various presentations, video links, and news articles related to this issue.

To learn more, visit the Office’s “Assignment of Benefits” webpage at: http://www.floir.com/Sections/PandC/AssignmentofBenefits.aspx

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CONSUMER ALERT: It’s Time to Evaluate Your Flood Insurance Coverage Before the Start of Hurricane Season

Insurance Commissioner David Altmaier is encouraging consumers to have flood insurance protection in place for their homes and businesses prior to the start of this year’s hurricane season. A basic homeowners insurance policy does not provide coverage for flooding. This coverage must be purchased separately through either the federally-administered National Flood Insurance Program (NFIP) or a private insurance company.

“Many residents of our state experienced substantial property damage and losses last year from flooding caused by Hurricanes Hermine and Matthew,” stated Altmaier. “Even a small amount of rising water can cause serious flooding, so it is important to evaluate your insurance coverage now and plan ahead for the upcoming hurricane season.”

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Punta Gorda Man Sentenced to Three Years in Prison for Investment Fraud

The Florida Office of Financial Regulation announced that Phillip St. John pled no contest to charges of securities fraud and grand theft for his role in an investment scam. St. John was sentenced to three years in prison to be followed by 10 years of probation. St. John was also ordered to pay restitution to his victims and all associated court costs.

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CFO Atwater’s Office Teams Up with Quality Parenting Initiative (QPI) to Protect Foster Youth from Financial Mistakes

The Office of Chief Financial Officer Jeff Atwater recently hosted a webinar in partnership with the Florida Quality Parenting Initiative (QPI) to help protect current and former foster youth from ending up in financial trouble. The live webinar, entitled “Your Future, Your Finances,” included topics about budgeting, saving, credit scores and credit safety that are tailored to the experience of aging out of foster care.

“Florida’s foster youth deserve the same opportunities for success as every other child in our state, and we must work together to make sure that happens,” said CFO Atwater. “Financial literacy is one way to set youth up for success from the start.”

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CFO Jeff Atwater Unveils New Financial Literacy Program Tailored to Teach Middle and High School Students

Chief Financial Officer Jeff Atwater recently announced the release of Finance Your Future, his latest and most advanced financial literacy program yet. Designed with middle and high school students in mind, CFO Atwater is connecting the free program to the classroom and encouraging Florida teachers to incorporate it into their lesson plans. Built to be as interactive as a video game, Finance Your Future’s engaging content, animation, games and activities offer a relevant refreshing approach to learning about financial literacy for adolescents and adults alike.

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