CFO Seal in Gold

CFO Patronis Press Release Archive

  • CFO Jimmy Patronis Issues Policyholder Protection Emergency Order Following Hurricane Debby

    8/8/2024
    Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued an Emergency Order to protect insurance policyholders following the impacts of Hurricane Debby. Among other provisions, the order extends the recission period of a public adjusters contract from 10 days to 30 days, requires anyone working in the claims process on behalf of the carrier to respond to policyholders within seven days, and requires that all adjusters verbally identify themselves and who they work for before signing a contract with a policyholder.
  • **CONSUMER ALERT** CFO Jimmy Patronis: AOB Contracts Are Illegal in Florida

    8/6/2024
    Following the impacts of Hurricane Debby, Chief Financial Officer (CFO) Jimmy Patronis issued the following consumer alert warning consumers of contracts designed to avoid Florida’s ban on assignment of benefits (AOBs). AOBs were used by contractors to transfer the homeowner’s property insurance rights to the contractor but have been prohibited in Florida since January 1, 2023.
  • CFO Patronis Deploys Anti-Fraud Strike Teams to Big Bend Following Hurricane Debby

    8/6/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis activated his Disaster Fraud Action Strike Teams (DFAST) which have been deployed to Levy, Dixie, Taylor, Lafayette, Suwannee, and Hamilton counties to protect Floridians from storm-related fraud following the impacts of Hurricane Debby.
  • CFO Jimmy Patronis Urges Floridians to Prepare Now for Potential Tropical Storm

    8/2/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis is urging Floridians to take the necessary precautions to prepare their homes and property ahead of the tropical wave forming in the Gulf of Mexico. The tropical wave could strengthen into a tropical storm and bring heavy rain and damaging winds to communities in the Florida peninsula then possibly moving into the panhandle. The storm could potentially bring a threat of coastal flooding, so Floridians should be up to date on recovery tips and resources offered by the National Flood Insurance Program (NFIP).
  • CFO Jimmy Patronis Issues Directive Barring Use of Censorship Organizations at Florida Agency

    7/31/2024
    Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued a directive to the Florida Department of Financial Services (DFS), which the CFO oversees, barring the use of censorship and blacklisting services, like NewsGuard Technologies, Inc., that attach “credibility ratings” to news sources. Adverse ratings can diminish a legitimate news source’s reputation and advertising revenue, often intentionally, and are known to apply according to subjective factors, like political bias, not factual inaccuracies. The directive bars both the Department and its contractors from utilizing censorship media-monitoring services when making ad-buys or marketing placements for Departmental services.
  • IN CASE YOU MISSED IT: POLITICO: ‘Circle the wagons’: State pension funds are dumping Chinese investments

    7/29/2024
    A growing number of states are forcing public employee pension funds to divest from China, pulling out of the world’s second-largest economy because of hostility toward Beijing and fear that U.S. assets could be frozen if conflict breaks out in the Indo-Pacific.
  • CFO Jimmy Patronis: State Treasury Generates Record $1.95 Billion in Earnings

    7/26/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis announced that the Florida Department of Financial Services’ Division of Treasury generated a record $1.95 billion in interest earnings during Fiscal Year 2023-2024. These earnings derive from state funds and other monies that the Division of Treasury invests on behalf of taxpayers, while remaining effective stewards of resources that fund operational state duties and other financial assets entrusted to its care.
  • CFO Jimmy Patronis to President Trump: You’re the One Person Who Can Fix the National Insurance Crisis

    7/24/2024
    Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued an official letter to President Donald J. Trump outlining the nation’s insurance crisis and recommending specific actions to bring costs under control. Under the Biden-Harris administration, families and businesses have endured skyrocketing insurance costs that have put the American Dream out of reach for too many hard-working people. Since taking office, homeowners’ insurance rates have increased an estimated 37% nationally, and the Consumer Price Index has increased nearly 20%. CFO Patronis made it clear in his letter that the status quo is totally unacceptable, and that a Trump administration can rein in premiums for all Americans.
  • CFO Jimmy Patronis Hosts ‘Fixing Problems for Floridians Fair’ in Orlando

    7/19/2024
    Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the Florida Department of Financial Services (DFS) will host a ‘Fixing Problems for Floridians Fair’ in Orlando on Wednesday, July 24, 2024. The event is open to the public and will consist of experts from DFS to assist Floridians with their issues and educate consumers on resources available to them.
  • CFO Jimmy Patronis Appoints Tom Gallagher to Florida Insurance Guaranty Association Board of Directors

    7/3/2024
    Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of Tom Gallagher to the Florida Insurance Guaranty Association (FIGA) Board of Directors. FIGA is a nonprofit corporation created by the Florida Legislature in 1970 and services pending claims by Florida policyholders of member insurance companies that become insolvent and are ordered liquidated.