- Updating you on what's going on
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.
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
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.”
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.
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.”
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.
We highly recommend licensees routinely check their MyProfile accounts for messages from the Department. We send an email notification when a message has been sent to remind you to check your MyProfile account, but on rare occasions you may not receive that email. For this reason, we suggest you add our domains dfs.state.fl.us and MyFloridaCFO.com to your email software's Trusted or Safe Senders List to ensure you are able to receive email notifications from us. Licensees who have a valid email address on file with the Department, as required by law, are sent important email notifications when something affecting their application, license, continuing education, or appointment(s) occurs. Additionally, we will keep you informed with warnings regarding new schemes and scams being marketed to licensees. You can update your contact information through your MyProfile account. We want to keep you informed in a timely manner of pertinent information. You are still required to abide by the Florida Insurance Code regardless of whether you read the information we provide or attempt to provide.