Dear Fellow Floridians:
When I decided to run for CFO, I wrote down a pledge to my fellow
Floridians that I would follow if they gave me the honor of serving them
in this role. Now, more than eight months into the job, I often look
back at this pledge to make sure I’m delivering on my promises.
One of those promises was to fight fraud, particularly insurance
fraud that has become an epidemic in our state and is costing billions
of dollars each year. At this week’s Cabinet meeting, I was grateful to
have the opportunity to discuss one of the most pervasive and egregious
forms of fraud impacting Floridians, Personal Injury Protection fraud.
Insurance fraudsters and criminal enterprises have learned how to
game Florida’s PIP system and every honest Floridian with a car in the
driveway ends up paying. For example, in 2008 a 40-year-old driver in
Tampa with an unblemished driving record was paying $480 in PIP premium,
and today this same driver is paying nearly $870 for the same coverage -
that’s an 81 percent increase.
Now is the time to stop throwing consumers to the wolves and work
together on meaningful PIP reforms that will give honest Floridians the
rate relief they deserve.
Chief Financial Officer
State of Florida
Citizens Board Appointees Named
Florida Chief Financial Officer Jeff Atwater on Tuesday announced the
appointments of Nancy Baily and Rob Wallace to the Board of Governors
for Citizens Property Insurance Corporation.
“With Nancy’s vast experience in the private insurance industry and
Rob’s deep understanding of the financial impact of decisions made in
Tallahassee, I am confident that they will be great assets to the board
and Florida’s insurance consumers,” said CFO Atwater. “They will be
diligent and insightful in the important work ahead.”
Nancy Baily is a former chair of the Florida Insurance Council with
nearly 20 years of experience in the insurance industry. She most
recently served as the President and CEO of Travelers of Florida, the
second largest provider of property and casualty insurance in the United
States. Baily is also formerly the executive director of the Florida
Chapter of the ALS Association, a non-profit organization that helps
patients and families struggling with Lou Gehrig’s disease.
Rob Wallace is a lifelong resident of Tampa, where he has been a
civil and environmental engineer for more than 35 years. He helped found
and serves as the president of Environmental Engineering Consultants,
Inc., a firm that assists manufacturers and property owners with
managing engineering and environmental risks. In 1994, Wallace was
elected to the Florida House of Representatives serving Northwest
Hillsborough and Northern Pinellas counties. In the House, he was known
as an advocate for small businesses.
The governor, chief financial officer, president of the Senate and
speaker of the House each appoint two members, one of which must have
demonstrated expertise in insurance.
Week in Review
This week I had many opportunities to share my top initiatives and
vision with Floridians across the state.
It is my privilege to serve as the Florida State Fire Marshal. This
week, I had the honor of visiting our State Fire College in Ocala. I met
with our staff and brave firefighters furthering their education in
order to better protect and serve their fellow Floridians. These brave
men and women work everyday to protect each of us. Take a moment to
thank firefighters in your community who selflessly put their lives on
the line for all Floridians.
At the Associated Industries of Florida "Champion of Business" ceremony
in Palm Beach, I shared with business leaders and legislators the
role that entrepreneurship has played in shaping my top priorities.
Florida’s businesses and corporations are the backbone of our economy,
and it is my goal to create conditions that allow businesses to prosper.
I was moved when AIF presented me with one of their Champion of Business
awards. Organizations such as AIF help foster economic development and
business growth in our great state.
Another organization promoting economic freedom as well as limited
government and individual responsibility is the James Madison Institute.
JMI has a long history of educating Floridians on the importance of
free-market ideas in public policy issues. I had the opportunity to
address their group in Ft. Lauderdale this week. I discussed the recent
downgrade of the United States’ credit rating by Standard & Poors and
how Florida has been able to maintain our AAA bond rating and to move
from a negative to a stable outlook. Florida’s improved outlook is a
direct result of the fiscally prudent manner by which we have governed
in Tallahassee over the last several years.
Even during tough economic times, when we have to make difficult
budget decisions, we cannot forget Florida’s future generations. I spoke
at the Voices of Hope Child Welfare Network "Celebrating our Community
Heroes" breakfast, a valuable organization dedicated to promoting
awareness of child abuse . As Florida’s CFO, I realize the great
importance of having strong partnerships in the child welfare arena.
These partnerships give us the ability to leverage information and
resources to effectively meet the needs of the children and families in
our communities who need our help the most. In order to create a better,
stronger Florida, we must always keep our youngest Floridians in mind.
Protect Your Home Base
week was the start of peak of hurricane season. The nation’s top
meteorologist has predicted an above-normal hurricane season this year,
with 12 to 18 named storms and six to 10 hurricanes. To emphasize the
importance of protecting your home base both structurally and
financially against hurricane damage, we partnered with the Federal
Alliance for Safe Homes (FLASH) to raise awareness regarding hurricane
preparedness. In an effort to educate Floridians on hurricane
preparedness and safety, we ran a social media awareness campaign that
included hurricane tips, statistics and trivia questions. We even gave
away hurricane preparedness kits to the trivia winners.
It is critical that Floridians not wait until the last minute to
protect their homes and businesses. The consequences could mean
thousands of dollars in damage and financial loss. If you would like
more information on how you can protect your home base this hurricane
season please visit