Dear Fellow Floridian:
If you are in the Tampa area next Saturday, June 8, I would like to invite
you to attend my office’s unclaimed property auction to be held at the Grand
Hyatt Tampa Bay.
Click on map to enlarge.
In addition to intangible, monetary
property, abandoned safe deposit boxes are turned over to the Bureau of
Unclaimed Property where my team works tirelessly to locate the owners
or heirs of their contents. When the owners or heirs cannot be located,
the items go to auction. Although the property itself is not available
to be claimed after the auction, the proceeds are available for the
owners or heirs to claim at any time at no cost.
This year there are more than 76,000 individual items to be sold, including
jewelry, watches and rare coins, with a minimum reserve value in excess of
$550,836. Featured items include a 1776 continental note, silver ingots, an
11-carat sapphire and diamond ring, silver flatware, South African krugerrands,
and an 18-carat gold and diamond cuff bracelet. You can preview these items and
many more on Friday, June 7, from 9 a.m. to 5 p.m. A
the auction is available online.
Above all, my mission is to reunite Floridians with their unclaimed property
so that every last dime is returned to its rightful owner. There is a
one-in-four chance that you or someone you know has unclaimed property, and I
encourage you to visit
www.fltreasurehunt.org today to find your treasure.
Chief Financial Officer
State of Florida
A Win for Florida’s Insurance Consumers
Florida Chief Financial Officer Jeff Atwater and Insurance Consumer Advocate
Robin Westcott on Thursday released a joint statement regarding
the order issued by the Office of Insurance Regulation (OIR) for Universal
Property and Casualty Insurance Company (UPCIC) related to their target market
conduct final examination report. UPCIC is ordered to pay an administrative fine
of $1.26 million for using information regarding consumers’ credit history to
deny claims long after the underwriting process should have been completed.
“I commend OIR for taking this action on behalf of Florida’s insurance
consumers,” CFO Atwater said. “For far too long, this company unjustly denied
claims and forced consumers into financially devastating situations. I am proud
of the work of the Insurance Consumer Advocate, Robin Westcott, who went to
battle for consumers on this issue and continues to fight for Floridians every
“This is a win for the people of Florida,” ICA Westcott said. “This order
will begin the process of giving Florida’s policyholders the confidence that
when they purchase a homeowners insurance policy, they are truly protecting
their home and family.”
Prepare Financially for Hurricane Season
With the 2013 Hurricane Season only one day away, CFO Atwater is
urging Floridians to “Protect Your Home Base” and prepare financially
for a storm this year. Now is the time for Floridians to prepare and
protect their families, homes and businesses.
“As Floridians, we know all too well the impact a storm can have on
our families, homes and businesses, both structurally and financially,”
CFO Atwater said. “The importance of preparing for a hurricane cannot be
stressed enough. The impact of a natural disaster can be financially
devastating, and I urge you to protect your home base by preparing
Residents should begin by reviewing
insurance policies with a licensed insurance agent to ensure that they have
adequate coverage in the event of a disaster. The top three reasons homeowners
strike out when it comes to insurance claims are insufficient documentation,
lack of adequate insurance coverage and failure to retain proof of damage. Take
the necessary steps to protect your family, home and business now.
Look for the “Protect Your Home base” logo on the DFS Division of Consumer
http://www.myfloridacfo.com/Division/Consumers/Storm/, which offers videos,
brochures, resources and tips, along with a disaster preparedness section that
includes a home inventory checklist. Should a tropical storm or hurricane take
aim at our state, the division will activate a special consumer helpline,
800-22-STORM, to assist victims with insurance matters.
For additional information on hurricane preparedness, call 877-My-FL-CFO
Florida's Bottom Line Is Transparency
has revolutionized government accountability by enabling the public to have
unprecedented and easy access to government data.
Florida has taken advantage of this opportunity by publishing state spending
data online. Whether taxpayers are looking for information about past budgets,
proposals for this year’s budget, or the state’s payroll, it all can be accessed
via the Internet. Additionally, since 72 percent of the state’s budget is spent
in the form of a contract, it is critical that taxpayers can inspect public
The Department of Financial Services began publishing the details of
contracts online last year through the Florida Accountability Contract Tracking
System (FACTS), and you can use this tool to take a critical look. Because of
this commitment over the past two years to increasing accountability and
transparency in government for Florida taxpayers, the U.S. Public Interest
Research Group (PIRG) gave Florida an A-minus this year for overall transparency
based on the DFS Transparency Florida website, which houses FACTS. This
edition of Florida’s Bottom Line features information about ongoing
efforts to continue making government in Florida more open and ethical.