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10/30/2024
Today, Chief Financial Officer (CFO) & State Fire Marshal Jimmy Patronis toured the Palm Beach County Fire Rescue Training Facility. The CFO surveyed live firefighter and paramedic training and received a brief regarding post-storm relief and rescue efforts following Hurricane Milton, including Urban Search and Rescue assets. These assets included swift water boats, high-water vehicles, wave runners, and more.
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10/29/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis issued a letter to the State Board of Administration (SBA) requesting a report on the feasibility, risk, and potential benefits of directing a portion of state retirement system monies into cryptocurrency.
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10/25/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of WM Roofing owner, Wilmer Maldonado, for allegedly Unlicensed Contracting During State of Emergency and Failure to Secure Worker's Compensation Insurance. Maldonado was arrested by the Department of Financial Services (DFS), Disaster Fraud Action Strike Teams (DFAST) deployed by CFO Patronis to fight fraud in the aftermath of Hurricane Milton.
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10/25/2024
Today, at a press conference in West Palm Beach, Chief Financial Officer (CFO) Jimmy Patronis launched the 'Check My Contract' portal to fight post-storm fraud following Hurricanes Helene and Milton. The Florida Department of Financial Services' (DFS) 'Check My Contract' portal is designed to assist residential or commercial property insurance policyholders who have entered into a repair contract with contractors, restoration professionals, or public adjusters related to an insurance claim.
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10/25/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis discussed the health of Florida's economy and insurance market at the 2024 Florida Chamber of Commerce Future of Florida Forum in Orlando.
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10/17/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that the Florida Department of Financial Services, Division of Consumer Services is hosting four insurance villages in critical locations around the state impacted by Hurricanes Milton and Helene. The villages serve as an opportunity for policyholders to meet with their insurance carriers in person and work together to file insurance claims.
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10/16/2024
Today, Florida Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis issued the following statement on an Amicus Curiae Brief submitted by the Florida Department of Financial Services (DFS) in support of an appeal by a St. Johns’ County firefighter seeking heart disease disability benefits under Florida Statute 112.18(1).
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10/15/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis highlighted the U.S. Army Corps of Engineers activation of Operation Blue Roof for several counties in Florida impacted by Hurricanes Helene and Milton.
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10/13/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that the Florida Department of Financial Services, Division of Consumer Services is hosting four insurance villages in critical locations around the state impacted by Hurricanes Milton and Helene. The villages will serve as an opportunity for policyholders to meet with their insurance carriers in person and work together to file insurance claims.
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10/13/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that the Florida Department of Financial Services' Division of Consumer Services is hosting an insurance village in Bradenton beginning Monday, October 14th from 10 a.m. - 5 p.m. Eastern. The village will serve as an opportunity for policyholders to meet with their insurance carriers in-person and work together to file insurance claims related to Hurricanes Milton and Helene. Additional Insurance Villages are expected to be announced in the coming days.
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10/12/2024
Today, Chief Financial Officer (CFO) & State Fire Marshal Jimmy Patronis deployed mental health resources for first responders to areas impacted by Hurricane Milton. The Florida Mental Wellness Team has been actively deployed under the State Emergency Response Plan (SERP) through ESF 4 & 9, managed by the State Fire Marshal’s Office. The team, which is comprised of nearly 25 members from 16 fire departments across Florida, receives essential clinical support from the 2nd Alarm Project and UCF RESTORES, ensuring a comprehensive mental wellness approach for the state’s first responders.
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10/12/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis activated his Disaster Fraud Action Strike Teams (DFAST), which have been deployed to the affected counties to protect Floridians from storm-related fraud following the impacts of Hurricane Milton. This deployment consists of three teams with 18 sworn law enforcement officers who are working to educate and inform the public on signs of post-storm fraud and ensure contractors are following Florida workers’ compensation law while conducting repairs. Since deploying DFAST, officers have interacted with nearly 100 homeowners, businesses, and contractors in storm affected counties.
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10/11/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis provides insurance tips and resources to aid Floridians as they work to recover from Hurricane Milton. The Department of Financial Services' (DFS) Division of Insurance Consumer Services provides information and resources to help guide policyholders through the insurance claims process. DFS also operates the state's insurance helpline at 1-877-MY-FL-CFO (693-5236) to aide policyholders and provide insurance assistance. The helpline is now open seven days a week from 8 a.m. to 5 p.m. Eastern. Consumers can also request assistance online at MyFloridaCFO.com.
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10/9/2024
Today, Chief Financial Officer (CFO) & State Fire Marshal Jimmy Patronis issued an Emergency Rule to enhance transparency in the claims adjusting process for insurance consumers by requiring adjusters to identify and provide detailed explanations for any changes made to damage estimates.
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10/9/2024
Today, Chief Financial Officer (CFO) & State Fire Marshal Jimmy Patronis provided an update on the pre-staging and response efforts of Florida's Urban Search & Rescue (US&R) Task Forces ahead of the impacts of Hurricane Milton.
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10/7/2024
Today, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis issued a warning to residents and first responders about an alarming fire hazard with Lithium-ion batteries, Electric Vehicles (EV), as well as hybrid and fuel cell vehicles in preparation of Hurricane Milton, now a Category 5 storm. The CFO's Division of State Fire Marshal has confirmed 48 lithium-ion battery fires related to storm surge from Hurricane Helene, with 11 of those fires associated with EVs. Consumer items containing lithium-ion batteries include cars, scooters, hover boards, golf carts or children's toys. The CFO also called on EV manufacturers to be pro-active by alerting consumers to place their EVs to higher ground. Finally, the CFO provided tips on Lithium-Ion Battery safety and how to prepare similar devices in areas prone to storm surge flooding.
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10/7/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis urges Floridians to take the necessary precautions to prepare their homes and property ahead of Hurricane Milton. Currently a major Category 5 storm, Milton is expected to bring devastating wind, rain, and widespread flooding to communities along the Florida Peninsula. The storm could potentially bring enormous coastal flooding, so Floridians should be aware of recovery tips and resources offered by the National Flood Insurance Program (NFIP). Currently, 51 Florida counties are under a declared state of emergency , and some communities are currently under evacuation orders.
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10/2/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that the Florida Department of Financial Services' Division of Consumer Services is hosting an Insurance Village Friday, October 4th through Sunday, October 6th from 9 a.m. - 5 p.m. Eastern
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10/2/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that grant funds associated with the “My Safe Florida Home” program have been fully obligated and that he will ask the Florida Legislature to direct sales tax dollars generated from hurricane recovery efforts to be reinvested into the program to support more homeowners.
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10/1/2024
Today, Chief Financial Officer (CFO) & State Fire Marshal Jimmy Patronis issued a warning to residents and first responders about an alarming fire hazard with Lithium-ion batteries, Electric Vehicles (EV), as well as hybrid and fuel cell vehicles developing in the wake of Hurricane Helene. The CFO's Division of State Fire Marshal has confirmed 16 lithium-ion battery fires related to storm surge from Helene, with six of those fires associated with EVs. State fire officials believe these statistics to be conservative figures and are working with fire departments statewide to gather more data and determine any structural impacts related to EVs and lithium-battery fires following this storm. The State Fire Marshal Office is also coordinating with the National Highway Traffic Safety Administration, the U.S. Pipeline and Hazardous Materials Safety Administration, and the Florida Department of Environmental Protection for guidance on proper lithium-ion battery disposal.
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9/30/2024
TALLAHASSEE, Fla.— Today, Chief Financial Officer (CFO) Jimmy Patronis activated his Disaster Fraud Action Strike Teams (DFAST), which have been deployed to the affected counties to protect Floridians from storm-related fraud following the impacts of Hurricane Helene.
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9/29/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis issued a directive, which bolsters his anti-fraud fighting teams in the affected counties following Hurricane Helene. Currently, there are 80 law enforcement officers from the CFO’s Criminal Investigations Division (CID) who have been deployed. These law enforcement officers will take appropriate legal action, including arrest, prosecution, and/or issuance of civil penalties for anyone who is engaging in fraudulent insurance practices.
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9/28/2024
In response to Hurricane Helene, the Department of Financial Services (DFS) reminds all insureds and industry licensees of certain rights and obligations that arise during a declared state of emergency, including:
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9/27/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis provides important recovery information and resources for Florida residents impacted by Hurricane Helene.
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9/24/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis urges Floridians to take the necessary precautions to prepare their homes and property ahead of Tropical Storm Helene. This tropical storm is expected to strengthen into a major hurricane and bring devastating wind, rain, and flooding to communities along the Florida Gulf Coast.
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9/19/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of David Chapman, Andrew Clark, Sanjena Clay, Christian Jensen, and William Quinn to the Board of Funeral, Cemetery, and Consumer Services. The Board of Funeral, Cemetery, and Consumer Services was created within the Department of Financial Services and consists of 10 members, 9 of whom are appointed by the Chief Financial Officer and confirmed by the Senate. The remaining member of the Board is the State Health Officer or his/her designee.
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9/17/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued a statement supporting Governor Ron DeSantis’ Executive Order to investigate the second assassination attempt of former President Donald Trump. As a member of the Florida Cabinet, CFO Patronis helps oversee the Florida Department of Law Enforcement and the Florida Department of Highway Safety and Motor Vehicles. CFO Patronis’ statement was first posted on X, HERE.
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9/16/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis proclaimed September 15 – September 21, 2024 as National Truck Driver Appreciation Week and acknowledged the contributions American truckers make towards our national and state economy. Trucking careers serve as one out of every 18 jobs in the state of Florida, with more than 453,000 Floridians employed in the trucking industry. Florida’s truckers are essential to Florida commerce and ensuring that Floridians receive the goods and services they need to live or start and grow a business.
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9/13/2024
Today, Florida Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis gave opening remarks at the 2024 Lithium Ion Battery Symposium hosted at the Florida State Fire College in Ocala. The two-day symposium covers a broad range of lithium ion battery related topics and included a battery burn demonstration to highlight the serious fire risk they pose to Florida communities.
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9/12/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Jasiel Mena, a previously licensed home inspector, for allegedly falsifying home inspections in various Florida counties and defrauding Citizens Property Insurance Corporation (Citizens) out of approximately $88,000. Mena was charged with one count of Scheme to Defraud, a first-degree felony.
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9/9/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis highlighted efforts to bolster Florida’s apprenticeship programs and the work-based learning programs for students 18 years old or less throughout the state by reimbursing the cost of workers’ compensation insurance to participating employers. During the 2024 Legislative Session, lawmakers provided $2 million to the Florida Department of Financial Services (DFS) to permit employers, including eligible school districts and Florida College System institutions, to apply to DFS for reimbursement of the proportionate cost of workers’ compensation premium paid during the fiscal year for students participating in work-based learning programs.
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9/5/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrests of Yanirma Toledo, Lensky Jose Hernandez-Santiago and Maylett Leiva-Santana. These individuals are charged with intentionally defrauding United Auto Insurance Company to allegedly exploit the personal injury and protection (PIP) benefits associated with the auto policies for financial gain. Toledo, Hernandez-Santiago, and Leiva-Santana allegedly defrauded United Auto Insurance Company more than $47,000 in total.
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9/4/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $39 million in unclaimed property was returned to Floridians during the month of August. Since CFO Patronis took office in 2017, nearly $2.5 billion in unclaimed property has been returned to Florida citizens.
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8/30/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of Melvin Pope to the Florida Life and Health Insurance Guaranty Association (FLHIGA) Board of Directors. Created in 1979 by the Florida Legislature, the FLHIGA is composed of all insurers licensed to sell direct life insurance, accident and health insurance, and certain annuities in the state of Florida. If a member insurer is found to be insolvent and is ordered to be liquidated by a court, FLHIGA provides protection to Florida residents who are holders of life and health insurance policies and certain annuities with the insolvent insurer.
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8/30/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of Thomas Koval to the Florida Workers’ Compensation Insurance Guaranty Association (FWCIGA) Board of Directors. The FWCIGA provides a mechanism for the payment of covered claims, to avoid excessive delay in payment and to avoid financial loss to claimants in the event of the insolvency of a member insurer. Among other tasks, the FWCIGA also evaluates workers’ compensation claims made by insureds against insolvent member companies or funds and determines if such claims are covered claims which should be paid or settled with funds from FWCIGA.
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8/30/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of Randall Jenkins to the Florida Birth-Related Neurological Injury Compensation Association (NICA) Board of Directors. NICA is a statutory organization that manages state funds used to pay for the care of children and adults born with certain neurological injuries. NICA’s mission is to get birth-injured children and adults the care they need while reducing the financial burden on medical providers and families.
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8/30/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the State of Florida has secured a portion of a $157 million settlement with the State of Delaware following an unclaimed property dispute regarding funds abandoned by MoneyGram Payment Systems, Inc. Under the terms of the settlement, Delaware will transfer more than $12.2 million of the funds that MoneyGram reported to Delaware from 2011 to 2017 to the State of Florida. Following a Supreme Court decision in 2023, CFO Patronis wrote a letter to the State of Delaware demanding the return of millions of dollars held in the form of unclaimed property that belongs to residents of Florida. The property includes proceeds from financial instruments that, according to the Supreme Court decision, should have been allocated to the state where the instrument was purchased. Since 2017, CFO Patronis’ Division of Unclaimed Property has returned more than $2.5 billion to Floridians.
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8/27/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis is urging Floridians to take advantage of the 2024 Disaster Preparedness Sales Tax Holiday to save money and prepare now by stocking up on essential hurricane supplies. Between August 24 – September 6, 2024, consumers will be able to purchase much needed hurricane-preparation supplies without paying taxes. This 14-day tax holiday allows Floridians to prepare for hurricane season while saving money on disaster preparedness items such as flashlights less than $40, batteries less than $50, tarps and pet food under $100, generators less than $3,000, and much more.
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8/26/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that a record $2.51 million was generated by the state's unclaimed property auction in West Palm Beach this weekend, including the sale of 505 lots consisting of more than 66,000 items. Some of the items auctioned included a men’s gold ruby and diamond ring and a ladies platinum and diamond Hamilton watch. Until claimed, unclaimed funds are deposited into Florida's school fund for the benefit of public education. There is no statute of limitations and consumers have the right to claim their unclaimed funds at any time, at no cost. During the 2023-2024 Fiscal Year, the Division of Unclaimed Property also returned an annual record of more than $433 million to Floridians.
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8/21/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced an investigation by the Florida Department of Financial Services’ (DFS) Division of Agent and Agency Services into nationwide vehicle service contract company CarShield for deceptive sales practices in Florida. The Federal Trade Commission (FTC) recently fined CarShield $10 million to resolve charges of deceptive advertising and misrepresentations by celebrity endorsers. DFS regulates and licenses warranty and service contract sales representatives and agencies. Following the recent fines levied by the FTC, the Department will conduct a review of sales agents and agencies who promote and sell CarShield products.
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8/19/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis proposed the “Sunshine Freedom Bank,” a public bank of Florida that would establish state control over state funds. The Florida Treasury, which CFO Patronis oversees, processes over $150 billion annually but relies on banks in New York City and San Francisco to manage those funds. The Sunshine Freedom Bank would provide the opportunity to manage taxpayer dollars completely in the State of Florida, save on administrative costs, increase investment earnings, and improve Floridians’ bottom line by saving taxpayer dollars — as every investment dollar earned is one less that needs to be taxed.
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8/16/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the Florida Unclaimed Property Auction next weekend in West Palm Beach, with the auction preview beginning on Friday, August 23 at 9 AM EST and the auction beginning on Saturday, August 24 at 9 AM EST.
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8/16/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Giorgio Giovanni Gonzalez, owner of Maximum Claims Recovery, Inc., on two counts of felony charges of Unlicensed Public Adjusting. Giorgio Giovanni Gonzalez allegedly secured public insurance adjuster contracts for adjusting, and appraisal services, without being licensed in the state of Florida, and then unlawfully withheld money belonging to two policyholders. Gonzalez defrauded the two policyholders out of $34,424.
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8/14/2024
Today, Chief Financial Officer Jimmy Patronis issued a formal letter to Rep. Jim Jordan, chairman of the U.S. House Select Subcommittee on the Weaponization of the Federal Government, requesting an investigation into the insidious practice of “debanking.” Debanking involves denying, suspending or dropping law-abiding banking consumers from financial institutions or services over their political and religious beliefs, and it has exploded under the Biden-Harris administration. The letter also comes in response to the U.S. Treasury Department’s effort to target Florida for enacting House Bill 989, a law that protects consumers from debanking and other partisan financial abuses within the state. A senior Treasury official recently characterized Florida’s consumer protection law as supporting “terrorism,” when in fact it frustrates the administration’s ability to hide behind national security when weaponizing the federal government against law-abiding citizens and businesses.
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8/12/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $50 million in unclaimed property was returned to Floridians during the month of July. Since CFO Patronis took office in 2017, more than $2.5 billion in unclaimed property has been returned to Florida citizens.
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8/9/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis issued a consumer alert warning Floridians about unregulated consumer loan products and the impacts of excessive household debt affecting families across the country.
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8/8/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued a statement in support of Senator Rick Scott’s Homeowners Premium Tax Reduction Act. This proposed legislation will provide American homeowners an above-the-line tax deduction of up to $10,000 of premiums paid for homeowners’ insurance annually at their primary residence.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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7/2/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $26 million in unclaimed property was returned to Floridians during the month of June. Since CFO Patronis took office in 2017, nearly $2.5 billion in unclaimed property has been returned to Florida citizens.
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6/30/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the reopening of the My Safe Florida Home program's grant application portal tomorrow, Monday, July 1. The program will prioritize senior citizens and low-income homeowners with two special application periods before opening to the public. The initiative offers free home inspections and grants up to $10,000 for strengthening homes against storms with impact-resistant doors and windows, aiming to reduce insurance costs through mandatory mitigation discounts. Newly signed legislation provides an additional $200 million for the program, enhancing services for seniors and low-income homeowners. Since 2022, the program has conducted over 104,000 free inspections, approved 38,000 grant applications, and allocated nearly $390 million in home hardening grants.
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6/28/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of D. Ryan West 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 or against Florida policyholders of member insurance companies that become insolvent and are ordered liquidated.
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6/27/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of two insurance agents, and a third individual, for their alleged involvement in an insurance agent license testing fraud scheme in Miami. Rainer Miguel Salas and his son Rainer Alexander Salas, a licensed Florida insurance agent, and receptionist Karla Lit Peralta Ceballos, also a licensed Florida insurance agent, allegedly accepted payments and facilitated the fraudulent acquisition of approximately five Florida insurance agents' licenses by taking licensing exams on behalf of other individuals.
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6/27/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis issued a proclamation recognizing June 27, 2024 as National PTSD Awareness Day and is highlighting resources and aid available to first responders living with PTSD. Since 2017, CFO Patronis has been dedicated to serving Florida’s first responders and has supported efforts to expand PTSD benefits, including $10 million in the 2024 Focus on Florida’s Future Budget that will go directly toward aiding veterans and first responders.
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6/26/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis is alerting Floridians about new features in vehicles that track and collect your personal information and provided tips on how to limit data collection on you and your family.
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6/23/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis released the following statement on new economic reports that show Florida's economy outpacing the nation as indicated by the latest Gross Domestic Product (GDP) figures. The states GDP grew by 21.9 percent from the first quarter of 2019 to the first quarter of 2024, doubling the national GDP during that time and highlighting a robust economic trajectory despite inflationary challenges.
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6/21/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis is warning Floridians to be weary of misleading solicitations and flyers claiming to be associated with the My Safe Florida Home (MSFH) program and promoting “free roofs and windows”. Before conducting any business with a contractor, homeowners should verify their credentials and understand the MSFH grant process to avoid falling victim to fraud.
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6/18/2024
Today, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis warns parents, caregivers and loved ones to never leave a child or pet unattended in a vehicle especially as a stifling heat wave impacts much of the state. In 2023, 29 children died in hot car related tragedies including seven from Florida.
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6/17/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis provided information and resources for Florida residents who may be impacted by the torrential rain and flooding throughout South Florida last week. On Friday, CFO Patronis visited the Broward County Emergency Operations Center (EOC) to assess storm recovery needs. Listed below are insurance claims contacts for the top automobile insurance companies in the South Florida area and resources from the National Flood Insurance Program (NFIP). For individuals who have flood insurance policies for their residence through FEMA and NFIP, the CFO encourages consumers to contact their insurance agents for more information about filing a claim. Consumers may also reach NFIP directly at 877-336-2627.
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6/14/2024
Today, Chief Financial Officer (CFO) & State Fire Marshal Jimmy Patronis is warning Floridians of the potential fire dangers associated with aftermarket lithium-ion powered batteries ahead of Father’s Day. There are many aftermarket and even counterfeit batteries on store shelves or online that may seem like a bargain, but purchasing one of these batteries could result in poor performance, shorter tool life, and may even pose serious fire dangers.
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6/13/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis sent a letter to Airbnb CEO Bryan Cheskey regarding the companies rental listings and business practices within Communist-controlled Cuba and possible profits earned from properties confiscated from Cuban Americans by the Cuban government. Airbnb was recently sued in Florida for listing property in Cuba confiscated by Castro decades ago.
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6/12/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis applauded Governor Ron DeSantis’ signing of Florida’s 2024 Focus on Florida’s Future Budget. The Department of Financial Services (DFS) requested and received critical funding including $7 million to bolster insurance consumer services and expand the agency’s footprint across the state. DFS also secured $200 million to fund the My Safe Florida Home program to harden homes against storms and help cut insurance costs. Lastly, the Department will receive $7 million to support the state fire college and arson lab and $10 million to aid veterans and first responders in their battle against PTSD.
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6/12/2024
Today, during a meeting of the Florida Cabinet, Chief Financial Officer (CFO) Jimmy Patronis voted to approve rules to implement a reduction in Florida’s Commercial Lease Sales Tax rate to reduce the tax burden on small businesses following the successful replenishment of the Unemployment Compensation Trust Fund. Passed by the Florida Legislature in 2021, the Commercial Lease Sales Tax cut will reduce the rate from 4.5 percent to 2.0 percent, providing Florida employers with an estimated $1 billion in tax relief. Last session, CFO Patronis also supported measures that would provide counties with the authority to provide tax breaks for small local businesses by allowing local governments to forgo the collection of their business rent taxes.
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6/11/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis provided information and resources for Florida residents who may be impacted by the severe weather threatening to cause torrential rain and flooding throughout South Florida this week. The CFO provided information for residents with coverage through the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP) and who might be affected by flood damage. Managed by FEMA, NFIP offers flood insurance to help mitigate the impact of flooding on businesses, property owners, and renters. For individuals who have flood insurance policies through FEMA and its federal flood insurance program, the CFO encourages consumers to contact their insurance agents for more information about filing a claim. Consumers may also reach FEMA directly at 1-800-621-3362.
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6/11/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Miguel Ferrer, a retired Town of Davie Fire Captain, for insurance fraud related to a claim for additional living expense (ALE) connected to a homeowner property claim from March 2022.
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6/11/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that the Florida Deferred Compensation Plan will allow 457b Pre-Tax and 457b Roth (post-tax) payroll contributions starting in July 2024. 457b Roth payroll contributions are made on a post-tax basis and give eligible State of Florida Employees more flexibility in meeting retirement income goals and securing their financial future.
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6/10/2024
IN CASE YOU MISSED IT:
Wall Street Journal: A Politically Made Insurance Panic
“Wall Street Journal: A Politically Made Insurance Panic”
June 9, 2024
The Editorial Board
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6/7/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $32 million in unclaimed property was returned to Floridians during the month of May. Since CFO Patronis took office in 2017, more than $2.4 billion in unclaimed property has been returned to Florida citizens.
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6/5/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis is providing additional recovery resources and warning residents to be on the lookout for fraud as they work to recover from severe weather and tornados that devastated parts of North Florida on May 10th, 2024.
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6/4/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis is encouraging Floridians to take advantage of the Florida Home Hardening Sales Tax Exemption before it ends on June 30, 2024. This initiative established a two-year sales tax exemption on the retail sales of items like impact-resistant windows, doors, and garage doors. Overall, the Florida Home Hardening Sales Tax Exemption program has saved homeowners an estimated $462 million during the course of the exemption period.
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6/4/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis and the Criminal Investigations Division (CID) announce the arrest of Insurance Agent, Bryce Corey Tyminski, for alleged fraudulent insurance claims and criminal use of personal identification. Tyminski intended to defraud Americo Financial Life & Annuity Insurance Company and American Amicable Life Insurance Company of Texas out of more than $1,200.
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6/3/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $32 million in unclaimed property was returned to Floridians during the month of May. Since CFO Patronis took office in 2017, more than $2.4 billion in unclaimed property has been returned to Florida citizens.
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5/31/2024
Today, ahead of the start of the 2024 Hurricane Season on Saturday, June 1st, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis is highlighting hurricane preparedness financial tips and resources to aid Floridians with their disaster plans as an active storm season is predicted with up to 25 named storms and seven major hurricanes. The CFO also encouraged Floridians to take advantage of the Disaster Preparedness Sales Tax Holiday starting June 1st – June 14th.
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5/28/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis and the Florida Department of Financial Services hosted a “Fixing Problems for Floridians” Fair in West Palm Beach. The event, which was open to the public, consisted of experts from DFS to assist Floridians with their issues and educate consumers on a wide variety of resources available to them.
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5/24/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of Jon Ritchie 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 or against Florida policyholders of member insurance companies that become insolvent and are ordered liquidated.
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5/24/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of four individuals including Bryan Carlos Hernandez, Rusland Rivero Tellez, Juan Fonseca Lauzao, and Elvis Fonseca Lauzao for their role in an alleged Personal Injury Protection (PIP) fraud scheme. The four allegedly had the intention to defraud National General Insurance and Progressive Insurance Company by exploiting the PIP benefits associated with their auto policies for financial gain.
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5/22/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis issued a proclamation recognizing May 20th – May 24, 2024 as Contractor Fraud Awareness Week. Since 2017, CFO Patronis has made it a top priority to protect consumers from fraud by launching the Fraud Free Florida initiative and standing up additional fraud investigative task forces throughout the state. If you or someone you know is suspicious of fraud, report it immediately at FraudFreeFlorida.com.
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5/22/2024
WJXT/WKMG: COST VS. BENEFIT OF SOLAR PANELS
“COST VS. BENEFIT OF SOLAR PANELS”
May 21, 2024
WJXT/WKMG - ERIC VON ANCKEN
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5/22/2024
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 West Palm Beach on Tuesday, May 28th, 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. Florida's Insurance Consumer Advocate Tasha Carter will also be on hand to help insurance policyholders who are dealing with a challenging claims process. Insurance consumers can learn more about ways to reduce their premiums through the My Safe Florida Home program and Workers’ Compensation professionals will also be on hand to help small businesses navigate any issues they have. The Department will also have an Unclaimed Property Portal on hand to assist Floridians in collecting any unclaimed cash they are entitled to.
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5/21/2024
Today, following recent severe storms that impacted much of the Panhandle and Big Bend, Chief Financial Officer (CFO) Jimmy Patronis is reminding Floridians of their rights and vital consumer protections measures following hurricanes and storms. Last year, the CFO fought for legislation to help consumers fight back against bad public adjuster contracts. HB 1185, Consumer Protection, was passed by the legislature in 2023 and signed into law by Governor DeSantis. This legislation created a rescission period of 30 days after the storm or 10 days after the public adjuster contract was signed to allow consumers a way out of a bad public adjuster contract. For more information on post-disaster scams, or insurance help, please contact the Florida Department of Financial Services, Division of Consumer services at 1-877-MY-FL-CFO (693-5236) or visit PrepareFL.com.
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5/21/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced he sent a letter late yesterday evening to U.S. Senator Bernie Sanders and Representative Brett Guthrie, who serve as chairs of committees overseeing the U.S. Center for Medicaid and Medicare Services (CMS), where he stated that the Affordable Health Care Act (ACA, or “Obamacare”) Marketplace is allowing fraud to occur against Floridians. The ACA Marketplace has weak protections against bad actors who switch policyholders’ health insurance plans, without consent, to collect commission. Fraudsters will also signup participants in different states using Marketplace, leading to tax penalties against victims because they do not qualify for ACA products.
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5/16/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced that the Department of Financial Services (DFS) has started rulemaking to develop new standards and protocols for managing lithium-ion battery fires in devices such as electric vehicles (EVs), scooters and golfcarts.
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5/15/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of Glenn Ritchie and Benjamin Treuil to the Florida Insurance Guaranty Association (FIGA) Board of Directors. CFO Patronis also reappointed Kimberly Blackburn to the FIGA Board of Directors. FIGA is a nonprofit corporation created by the Florida Legislature in 1970 and services pending claims by or against Florida policyholders of member insurance companies that become insolvent and are ordered liquidated.
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5/14/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of four individuals including, Maria Campos, Isabella Mendez, Madison Martinez, and Krystal Arbona for their role in an alleged Personal Injury Protection (PIP) fraud scheme. The four allegedly had the intention to defraud United Auto Insurance Company, Responsive Insurance, and Infinity Automobile Insurance Company, by exploiting the PIP benefits associated with their auto policies for financial gain.
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5/11/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis activated his Disaster Fraud Action Strike Team (DFAST) which has been deployed to Leon and Gadsden Counties to protect Floridians from storm-related fraud following recent tornados and severe weather. CFO Patronis’ anti-fraud teams work to educate and inform the public on signs of post-storm fraud and ensure contractors are following Florida workers’ compensation law while conducting repairs.
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5/10/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis provided recovery resources as severe weather impacted the Florida Panhandle, the Big Bend, and Northeast Florida with tornadoes, damaging winds, hail and localized flooding. Floridians are encouraged to document any damage and be on the lookout for fraud and scams as they work to recover. Visit PrepareFL.com for recovery tips and resources.
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5/9/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis led a Keeping Policyholder First Insurance Roundtable in Coral Gables with state legislators as well as business and community leaders to highlight the successes made to improve Florida’s property insurance market. CFO Patronis also provided an update on the My Safe Florida Home Program and recent improvements to better support seniors and low-income homeowners. During the roundtable, the CFO urged policyholders to take advantage of home hardening initiatives and asked consumers suspicious of fraud to report it immediately at FraudFreeFlorida.com.
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5/7/2024
Today, in recognition of National Arson Awareness Week, Chief Financial Officer (CFO) & State Fire Marshal Jimmy Patronis calls on all Floridians to be on the lookout and provide tips on any suspicious activity of potential bad actors who attempt to commit arson-related crimes. Since taking office in 2017, the CFO’s Bureau of Fire and Arson Investigations has arrested more than 1,600 individuals for arson related crimes in Florida.
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5/7/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued the following letter to former President Donald J. Trump, informing him of unclaimed property held by the State of Florida that is waiting to be claimed by President Trump, a member of his family, or the Trump organization. Unclaimed property is a financial asset that is unknown or lost or has been left inactive, unclaimed, or abandoned by its owner. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances, and refunds. Unclaimed property also includes contents from abandoned safe deposit boxes in financial institutions. Unclaimed property assets are held by business or government entities (holders) for a set period of time, usually five years. If the holder is unable to locate, re-establish contact with the owner, and return the asset, it is reported and remitted to the Florida Department of Financial Services, Division of Unclaimed Property. To search for unclaimed property or to claim an account, go online to FLTreasureHunt.gov.
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5/6/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis gave remarks at the Florida Capitol during a ceremony unveiling the Bob Milligan Conference Room in the CFO’s Office. Bob Milligan served as Florida Comptroller from January 3, 1995 to January 7, 2003, and honorably served 35-years in the U.S. Marines, ultimately being promoted and retiring as Commanding General, Fleet Marine Force, Pacific. In 1998, General Milligan was responsible for offering a plan to the Constitutional Revision Commission to combine the state Treasurer and Comptroller into one State Cabinet position - the Chief Financial Officer.
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5/3/2024
Today, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis announced that the Florida Department of Financial Services (DFS), Division of State Fire Marshal is deploying 43 members of Urban Search and Rescue (US&R) Task Force 5 from Jacksonville to the State of Texas where severe flooding has caused life-threatening conditions in the Houston region. Additional emergency personnel are also being deployed by DFS to provide logistical needs.
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5/3/2024
Today, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis issued two proclamations recognizing May 4, 2024 as International Firefighters’ Day and May 5, 2024 as National Fallen Firefighters Memorial Day. National Firefighter’s Day highlights the duty and bravery of firefighters around the country who put their lives on the line to protect life and property. National Fallen Firefighters Memorial Day honors firefighters and emergency services personnel who have sacrificed their lives to save others.
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5/3/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis applauded Governor Ron DeSantis for signing HB 939, a Consumer Protection Bill. Among other provisions, this legislation mandates cash-app companies like Venmo, PayPal and Zelle create protections so users are not unfairly taxed by the Internal Revenue Service (IRS) for transactions that are unrelated to goods-or-services. The legislation also creates a 10-day recission period during declared disasters where policyholders can get out of bad roofing contracts.
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5/2/2024
Today, at a press conference in Jacksonville, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis joined Governor Ron DeSantis for the signing of House Bill 989, the Department of Financial Services (DFS) Agency Bill. Among many provisions, this legislation creates the Florida Taxpayer Advocate and bolsters the services provided by the Division of Insurance Consumer Services to support consumers. This legislation also create rules and regulations to prevent fires caused by lithium-ion batteries commonly found in electronic vehicles (EVs) such as scooters, hoverboards, golf carts, and battery-powered cars and designates cryptocurrency as unclaimed property. Lastly, this bill rebrands the fraud and arson investigations unit of the Department from the Division of Investigative and Forensic Services (DIFS) to the newly named Criminal Investigations Division (CID).
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5/1/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $34 million in unclaimed property was returned to Floridians during the month of April. Since CFO Patronis took office in 2017, nearly $2.4 billion in unclaimed property has been returned to Florida citizens.
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5/1/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis warned Floridians on the potential increase in property insurance premiums and other pitfalls when purchasing solar panels and having them installed on the roof of their home or business. Several states have seen a massive increase in residential solar panel installation, growing by 1,106% in the last five years, with many offering incentives for these installations. However, there are potential hazards to these installations, such as compromised roof integrity, an increase in homeowners insurance, and a difficulty in finding property insurance coverage.
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4/30/2024
Florida Chief Financial Officer (CFO) Jimmy Patronis announces the arrest of 16 individuals in a workers’ compensation insurance fraud sting operation involving unlicensed contractors in Manatee County. The operation was in collaboration with the Florida Department of Business and Professional Regulation (DBPR) and the Manatee County Sheriff’s Office (MCSO).
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4/25/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis led a Keeping Policyholder First Insurance Roundtable in Clearwater with state legislators as well as business and community leaders to highlight the successes made to improve Florida’s property insurance market.
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4/24/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced he was issuing the following letter to the Florida Congressional delegation, encouraging their support of legislation authored by Senator Rick Scott and Senator Marco Rubio, along with efforts by Representative Aaron Bean, codifying the state’s ability to permit certain projects.
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4/24/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis applauded Governor Ron DeSantis for signing legislation to fund and improve the My Safe Florida Home (MSFH) program. The successful MSFH program provides free home inspections and up to $10,000 in grants to allow Florida homeowners to strengthen their home against storms with home hardening products like impact resistant doors and windows, while cutting insurance costs through mandatory home mitigation discounts. Legislation signed into law today provides an additional $200 million in funding for the program. Since 2022, the program has successfully completed more than 104,000 free home inspections, approved more than 38,000 grant applications, and obligated nearly $390 million in home hardening grants. Since May of 2022, the state has invested more than $600 million in the My Safe Florida Home program to help Floridians harden their homes and reduce insurance costs.
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4/19/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis submitted a public records request to the Office of Congressman Sheldon Whitehouse related to the Rhode Island Senator’s recent interest in the solvency and stability of Citizens Property Insurance Corporation (CITIZENS).
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4/17/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis is encouraging Floridians to take advantage of the Florida Home Hardening Sales Tax Initiative before it ends on June 30, 2024. This initiative established a two-year sales tax exemption on the retail sales of items like impact-resistant windows, doors, and garage doors. Overall, the Florida Home Hardening Sales Tax Exemption program has saved homeowners an estimated $462.6 million during the course of the exemption period.
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4/15/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of four individuals, Abel Vera, Nancy Mercedes Pena, Yuniesky Betancourt, and Maura Perez in Miami-Dade County for allegedly staging an automobile accident and falsely documented the accident with police. The four had a goal of reporting the accident to the automobile insurance company, Kemper Insurance, to exploit the personal injury and protection (PIP) benefits associated with the auto policy for financial gain.
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4/12/2024
With the start of the 2024 Hurricane Season just 50 days away, Chief Financial Officer (CFO) Jimmy Patronis highlights “Prepare Florida,” a disaster preparedness initiative to encourage Floridians to prepare now before a hurricane makes landfall. CFO Patronis’ PrepareFL.com website serves as a one-stop-shop for disaster preparedness information and resources to help Floridians ensure they are prepared to weather the next storm.
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4/12/2024
Ahead of Tax Day on Monday, April 15, Chief Financial Officer (CFO) Jimmy Patronis is highlighting taxpayer rights and encouraging Floridians to understand resources available to them as taxpayers. Floridians are expected to pay billions in federal income taxes this year, and the CFO has made it his mission to hold the Internal Revenue Service (IRS) accountable and provide information and resources for taxpayers.
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4/9/2024
Today, Chief Financial Officer (CFO) & State Fire Marshal Jimmy Patronis applauded Governor Ron DeSantis’ signing of Senate Bill 718, Exposures of First Responders to Fentanyl, by Senator Jay Collins and Representative Jessica Baker.
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4/8/2024
Florida intends to cut its ties with Morningstar until the investment firm can prove it has rooted out anti-Israel bias in its investment ratings platforms, the state’s chief financial officer told JNS on Thursday.
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4/5/2024
Today, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis toured the Urban Search and Rescue (US&R) Florida Task Force 2 Training Center where he assessed hurricane preparedness and discussed the importance of Urban Search and Rescue (US&R) teams.
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4/3/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $33 million in unclaimed property was returned to Floridians during the month of March. Since CFO Patronis took office in 2017, nearly $2.4 billion in unclaimed property has been returned to Florida citizens.
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4/2/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis released the following statement following his visit to the U.S. Mexico border in Eagle Pass, Texas. CFO Patronis assessed U.S. border security and support efforts by the Florida Guard, the Florida Department of Law Enforcement, the Florida Fish & Wildlife Conservation Commission, and the Florida Highway Patrol.
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3/25/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Miguel Reyes, Jr. in Miami-Dade County on charges of Burglary, Arson, and Throwing a Destructive Device. On March 22, 2024, Miguel Reyes and another suspect were caught on a surveillance recording system approaching a local barbershop, shattering the front glass windows, and throwing two ignited objects into the business causing a large commercial fire. The additional suspect is still at large.
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3/19/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the Florida Treasury has invested an additional $50 million in Israel bonds. Following the terror attacks on October 7th, CFO Patronis announced that the Florida Treasury was investing $120 million in Israel Bonds, bringing Florida’s total investment in Israel bonds to $200 million, the largest total ever held at one time by the Florida Treasury. With this additional purchase, the Florida State Treasury now holds a total of $250 million in Israel Bonds. In doing so, the state aims to diversify their investment portfolio as part of a long-range investment strategy that has generated approximately $9.4 million in interest from these investments.
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3/14/2024
This St. Patrick’s Day, Chief Financial Officer (CFO) Jimmy Patronis is opening the vault and looking for Floridians with “St. Patrick’s Day-themed names” and urging them to search Florida’s Unclaimed Property database. Currently, Florida has more than $28 million in unclaimed property for Floridians with names including words like Green, Lucky, Gold and more. Additionally, since CFO Patronis took office in 2017, more than $2.3 billion has been returned to Floridians in unclaimed property.
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3/14/2024
Sunshine State Buzz Opinion: As States Face Looming Insurance Crisis, Florida Has Answers
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3/13/2024
WKMG (Orlando) – Florida to Create Tax Advocate
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3/8/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis highlighted his 2024 ‘Florida Fights for Freedom’ Legislative Victories including the creation of the Florida Tax Advocate to fight against IRS overreach, protections for first responders from the dangers of Electric Vehicle (EV) fires and enhanced cancer benefits, and millions of dollars in funding to keep Florida’s policyholders first.
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3/7/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis issued a proclamation recognizing the month of March as Fraud Prevention Month. Since 2017, CFO Patronis has made it a top priority to protect consumers from fraud by launching the Fraud Free Florida initiative and standing up additional fraud investigative task forces throughout the state. If you or someone you know is suspicious of fraud, report it immediately at FraudFreeFlorida.com.
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3/6/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis issued a proclamation recognizing the week of March 3rd through March 9th, 2024 as National Consumer Protection Week. Since 2017, CFO Patronis has made it a top priority to protect consumers from fraud by launching the Fraud Free Florida initiative and standing up additional fraud investigative task forces throughout the state. If you or someone you know is suspicious of fraud, report it immediately at FraudFreeFlorida.com.
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3/4/2024
Today, Florida (CFO) Jimmy Patronis issued a statement following the passage of HB 939, a Consumer Protection Bill by Representative Griff Griffitts, off the House Floor.
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3/1/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis applauded the unanimous passage of House Bill 989 today from the Florida House of Representatives. As a part of his 2024 ‘Florida Fights for Freedom’ Legislative priorities, the Department of Financial Services (DFS) Agency Bill helps Floridians fight back against the IRS by creating the Florida Taxpayer Advocate, protects first responders from the dangers of Electric Vehicle (EV) fires, and supports Florida’s policyholders when complex insurance issues arise.
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3/1/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $44 million in unclaimed property was returned to Floridians during the month of February. Since CFO Patronis took office in 2017, more than $2.3 billion in unclaimed property has been returned to Florida citizens.
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2/29/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis sent a letter to 23 New York businesses to encourage them to relocate to the Sunshine State. Following the ruling against Donald Trump, the state of New York is looking at the possibility of freezing the Trump organization’s assets. The CFO is encouraging businesses to start having conversations with their partners on whether they will be able to succeed in a state like New York who shakes down job creators and let’s criminals run free in the streets. In 2022, more than 91,000 New Yorkers moved to Florida.
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2/28/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Gustavo Antonio Munguia for Workers’ Compensation Premium Fraud and Grand Theft. Munguia, the owner of American Iron Group Corp was actively concealing his payroll to avoid paying a higher workers' compensation premium. According to Travelers Property and Casualty Company of America, had the additional payroll been reported, American Iron Group Corp would have been assessed approximately $253,000 in additional premium charges.
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2/23/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis sent a letter to the Nobel Foundation endorsing Elon Musk for the Nobel Peace Prize. Musk was recently nominated for the prize by a Norwegian lawmaker for his defense of free speech and increasing knowledge of Earth and space.
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2/21/2024
Today, at a press conference in Lake Worth, Chief Financial Officer (CFO) Jimmy Patronis highlighted the success of the My Safe Florida Home program and efforts to refund the initiative during the 2024 Legislative Session.
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2/15/2024
Today, Chief Financial Officer (CFO) & State Fire Marshal Jimmy Patronis gave remarks during the Florida Fire Service Day at the Florida Capitol. Florida Fire Service Day is an opportunity for the public to learn about the unique and varied services of the Florida fire service and featured fire departments and fire service organizations from across the state.
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2/14/2024
CFO Patronis Legislative Update for February 14, 2024
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2/13/2024
This Valentine’s Day, Chief Financial Officer (CFO) Jimmy Patronis is playing Cupid and looking for Floridians with “Valentine’s-themed names” and urging them to search Florida’s Unclaimed Property database.
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2/13/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis testified in support of Senate Bill 1098 during the Senate Appropriations Committee on Agriculture, Environment, and General Government. Among other provisions, the bill creates vital reforms to Florida’s funeral industry to give the Department of financial Services (DFS) greater emergency authority and oversight over funeral homes and pre-need contracts following the recent investigation into the abandoned Marion Graham Mortuary in Jacksonville. Watch the CFO’s remarks on The Florida Channel, click HERE.
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2/8/2024
Today, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis shared important fire safety information to ensure Floridians enjoy Superbowl LVIII this weekend. The CFO encourages football fans to keep a fire extinguisher nearby when grilling out and keep an eye on children while in the kitchen.
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2/8/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis released the following statement on the passage of Senate Bill 7028 yesterday.
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2/6/2024
CFO Patronis Legislative Update for February 6, 2024
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2/5/2024
CFO Patronis Legislative Update for February 5, 2024
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2/5/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of William Diehl for allegedly impersonating an insurance agent and defrauding consumers purchasing auto insurance. Diehl, while not licensed as an insurance agent, sold multiple fraudulent and non-existing automobile insurance policies to several unsuspecting victims, many of whom may still be unaware they are driving without auto insurance. In total, Diehl allegedly defrauded consumers of more than $29,000.
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2/2/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis issued a statement urging Floridians to start saving now for your child’s future by enrolling in a Florida Prepaid College Plan. A college degree is a major investment and with student loan debt at $1.7 trillion nationwide, pre-planning for the cost of college is not only vital to your student’s academic success, but future financial success as well. During the Open Enrollment period from February 1 and April 30, 2024, Prepaid Plan prices have been reduced up to 25%, now starting at just $34 a month for newborns. To learn more and take advantage of the lowest Prepaid Plan prices in ten years, visit MyFloridaPrepaid.com today.
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2/1/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $32 million in unclaimed property was returned to Floridians during the month of January. Since CFO Patronis took office in 2017, more than $2.3 billion in unclaimed property has been returned to Florida citizens.
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1/31/2024
Today, the Florida Department of Financial Services (DFS) secured an arrest warrant for Elliot Maurice Graham, Funeral Director of Marion Graham Mortuaries in Jacksonville, Florida. The arrest warrant was issued by the 4th Judicial Circuit Court following the execution of a search warrant by DFS on mortuary premises. Graham faces multiple charges, including one felony count of Grand Theft and one misdemeanor count of Improper Preservation of a Human Body.
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1/31/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis is warning Floridians to beware of the federal government’s activities of acquiring personal transactions of consumers’ information from financial institutions. This comes as recent reports state federal agencies are asking financial institutions, like banks, credit card companies and cash-apps to search and flag Americans’ transactions if they used terms like “MAGA” or “Trump” or if they made certain purchases at retailers like Dick’s Sporting Goods, Cabela’s, or Bass Pro Shops.
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1/30/2024
PORT ST. LUCIE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis gave remarks at the grand opening of the new Cheney Brothers location in Port St. Lucie. Cheney Brothers is one of the fastest growing food distribution companies in the United States. The new facility in Port St. Lucie has created 260 new jobs.
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1/30/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis provided tips to protect Floridians from tax related fraud and scams as the federal tax preparation season begins.
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1/29/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Angel Santos Tzunun for worker’s compensation fraud for allegedly concealing payroll to avoid paying a higher worker’s compensation premium. Fraud detectives determined that Tzunun concealed more than $2 million in labor costs from contractors and avoided more than $100,000 in workers’ compensation premiums on two separate insurance policies.
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1/26/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Juana Ledezma and Luis Ledezma for Workers’ Compensation Premium Fraud and Grand Theft for allegedly concealing payroll to avoid paying a higher workers compensation premium. An investigation revealed that during the policy period, the Ledezmas would have been assessed an additional $127,660.00 in premium charges.
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1/25/2024
House Bill 989 (Representative LaMarca) – Department of Financial Services. This legislation creates the Florida Tax Advocate within the Department of Financial Services to assist Floridians with IRS related issues and complaints. It also renames the Division of Investigative and Forensic Services to the Division of Criminal Investigations. This bill also authorizes the State Fire Marshal’s office, which the CFO oversees, to create rules and regulations to prevent fires caused by lithium-ion batteries commonly found in electronic vehicles (EVs) such as scooters, hoverboards, golf carts, and battery-powered cars.
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1/25/2024
TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued the following statement recognizing Thursday, January 25, 2024, as NASA Day of Remembrance and honoring the brave men and women of Apollo 1, Challenger, and Columbia who lost their lives in the effort to expand America’s influence in space. This year will also mark the 55th anniversary of the Apollo 1 tragedy and the fifth anniversary of the founding of the U.S. Space Force.
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1/25/2024
TALLAHASSEE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis issued a statement following reports that federal agencies are asking financial institutions to search and flag Americans transactions if they used terms like “MAGA” or “Trump” or shopped at Dick’s Sporting Goods, Cabela’s or Bass Pro. The CFO is working with Legislators to propose new legislation to fight back against this federal overreach. To view the CFO’s thread on X, click HERE.
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1/23/2024
TALLAHASSEE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis announced his 2024 ‘Florida Fights for Freedom’ Legislative priorities. Among the CFO’s priorities are fighting back against the IRS, protecting first responders from the dangers of EV fires, supporting policyholders, safeguarding cryptocurrency assets, and barring state agencies from contracting with censorship companies like NewsGuard.
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1/23/2024
Today, Florida Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis hosted the ‘Ringing of the Bell’ ceremony to honor Florida’s fallen firefighters. During the ceremony, 16 fallen firefighters were honored as their names were inscribed on the Florida Fallen Firefighter Memorial in The Florida Capitol Courtyard. The CFO was joined by families of the fallen firefighters, Agriculture Commissioner Wilton Simpson, Florida Legislators, local elected officials, and members of the Florida fire service community.
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1/22/2024
Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the filing of SB 1740 by Senator Ileana Garcia, which creates the Florida Freedom Fighters Fund. The fund would provide up to $5 million in financial support to Florida residents running for President who face legal, partisan, political attacks by the Department of Justice or State Attorneys.
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1/19/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that 117 banks in Florida signed the attestation agreeing not to politically discriminate, thereby designating as Qualified Public Depositories (QPD), which are banks who are legally allowed to accept public dollars which include state or local government funds. This follows the signing of House Bill 3 into law last year which works to prevent the qualification of a bank as a QPD, if they are engaged in any “unsafe and unsound practices” of canceling its services based on personal beliefs whether it be political, religious or any other factor that shows impartiality. QPDs will have to certify that they are in total compliance with the requirements of the bill. To view a full listing of QPDs, click HERE. Additionally, to submit a complaint, click HERE.
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1/18/2024
CFO Patronis Legislative Update for January 18, 2024
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1/18/2024
TALLAHASSEE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis issued a statement in support of Senate Bill 460 by Senator Corey Simon. This legislation among many things would recruit students to trades, such as construction and would lower the age requirements for those who wish to work in construction-type jobs. The Bill was reported favorable by the Florida Senate’s Pre-K-12 Education committee on Wednesday.
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1/17/2024
Following the impacts of the powerful storm and tornados that hit the Florida Panhandle last week, Chief Financial Officer (CFO) Jimmy Patronis is urging Bay County residents to visit the Department of Financial Services (DFS) Disaster Recovery Center (DRC) where consumers can connect with team members from the DFS Division of Consumer Services and receive assistance on their insurance claims. Storm victims can find additional resources at PrepareFL.com which serves as a one-stop-shop for disaster information and resources to help Floridians recover quickly following a storm. CFO Patronis is also warning consumers to beware of contractors asking for cash for repairs and always require contractors to show proof of insurance prior to beginning the job.
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1/16/2024
CFO Patronis Legislative Update for January 16, 2024
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1/10/2024
Today, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis is warning consumers to beware of purchasing Amazon’s lithium-ion replacement battery packs for Dyson vacuum cleaners. According to the U.S. Consumer Product Safety Commission (CPSC), Zautnkn.Inc lithium-ion replacement battery packs, which are sold on Amazon, pose a risk of fire to consumers. The ZAUTNKN.INC batteries are not a Dyson or Dyson-authorized product and there has been reports of three fires associated with these batteries. A few weeks ago, the CFO announced the filing of a priority bill, House Bill 989 and Senate Bill 1098, which establishes safety standards to prevent lithium-ion battery fires and other issues with energy storage systems.
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1/9/2024
Today, CFO and State Fire Marshal Jimmy Patronis traveled to Panama City to survey damage from the severe weather event and help coordinate response efforts. The CFO participated in a press conference with Bay County officials where they discussed post-storm damage. The following is a transcript of his remarks.
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1/9/2024
Today, CFO and State Fire Marshal Jimmy Patronis reminds Floridians of the importance of using gas-powered generators safely during and after the severe weather event that’s making its way across the Florida Panhandle.
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1/8/2024
Today, Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis is urging Floridians to make preparations to homes and property ahead of the severe weather event that is expected to bring damaging winds, possible tornadoes and coastal flooding to the Florida Panhandle, Nature Coast and Northeast Florida, starting as early as tonight. Floridians are encouraged to follow the tips below and visit PrepareFL.com to plan accordingly for the impending storm.
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1/5/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced his support of the filing of Senate Bill 1030 and House Bill 1001 that will provide counties with the authority to provide tax breaks for small local businesses by allowing local governments to forgo the collection of their business rent taxes. The proposed legislation would give small businesses additional tax relief and allow local governments to exercise better fiscal responsibility of taxpayer dollars.
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1/5/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $33 million in unclaimed property was returned to Floridians during the month of December. Since CFO Patronis took office in 2017, more than $2.2 billion in unclaimed property has been returned to Florida citizens.
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1/3/2024
Today, Chief Financial Officer (CFO) Jimmy Patronis is urging Floridians to take advantage of the 2023-2024 Back-to-School Sales Tax Holiday, which began Monday, January 1, 2024, and ends on Sunday, January 14, 2024.