C F O Patronis' Weekly Rundown newsletter
DFS Homepage | Past Issues | PDF Volume 15 | Number 19 | May 18, 2018

Floridians,

Did you know that Citizens Property Insurance Corporation currently has more than 440,000 policyholders in our state? That is a lot of policies and a lot of money that flows in and out of the state-backed insurer. Yet, Floridians are not privy to who is lobbying Citizens on behalf of clients and special interests because lobbyists are not required to disclose that they are doing so.

Citizens Property Insurance Corporation should be subject to the same rules as state agencies and organizations, like water management districts. Transparency ensures accountability. That is not up for debate.

The potential financial impact Citizens has for all Floridians' insurance policies should warrant a lobbyist's registration requirement. I’ve asked Citizens to present options at the next meeting of the governor and the Florida Cabinet to ensure all lobbying activities are disclosed to the public and to address this shortcoming.

I look forward to hearing these options.

Sincerely,

Jimmy
Jimmy Patronis
Chief Financial Officer
State of Florida

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News of Interest

Highlands News-Sun: 'Dispatch, 2247: Final call'

WTXL ABC 27 Tallahassee: FHP welcomes new set of troopers

WCJB Gainesville TV 20: CFO and State Fire Marshal Jimmy Patronis vows to make cancer benefits for firefighters his top priority during the 2019 Legislative Session

Florida Watchdog: Who is lobbying Citizens? State insurer asked to provide more details

Naples Florida Weekly : Where there’s smoke, there might be live fire training

One News Page: St. Lucie County 'Claim Your Funds'

Tampa Bay Times: Hurricane 2018: A storm season Q&A with Gov. Rick Scott

Tampa Bay Times: Column: Florida deserves reforms to federal flood insurance system


CFO Patronis on Attorney General Bondi's Lawsuit Against Major Opioid Manufacturers and Distributors

Chief Financial Officer Jimmy Patronis issued the following statement regarding Attorney General Pam Bondi's announcment that her office has filed an action in state court against some of the nation’s largest opioid manufacturers and distributors for their role in the national opioid crisis:

“Attorney General Pam Bondi has been a fearless warrior against the opioid epidemic. She is the leader Florida families impacted by this crisis can count on. No matter how big the opponent is, she has taken on every facet of this epidemic.

“Opioids have taken lives, destroyed families, and threatened our first responders' safety and resources. From investigating fraudulent drug treatment centers to the exponentially higher prescribing rates in the workers' compensation system, my office has seen the impacts of the opioid epidemic first-hand as we continue working to protect Floridians. National data shows that in 2016 injured workers who were prescribed opioids received three times the US prescribing rate. The opioid crisis has seeped into the workers’ compensation system, and is the foundation for unscrupulous drug treatment centers who victimize individuals for their own personal gain.

“I’m honored to serve with Attorney General Bondi on the Florida Cabinet, and fully support her efforts to combat our state and nation’s opioid epidemic.”


Operation S.A.F.E., Be Scam Smart Workshops

Operation S.A.F.E.Florida Chief Financial Officer Jimmy Patronis invites you to participate in Operation S.A.F.E., Be Scam Smart, a free workshop for seniors, their families, and caregivers.

The Florida Department of Financial Services launched Operation S.A.F.E. (Stop Adult Financial Exploitation) as part of CFO Patronis’ On Guard for Seniors initiative. Be Scam Smart workshops help inform, empower, and protect Florida’s seniors from financial scams and fraud. If you want to make sure your savings are protected, register for this workshop and get a better understanding of how scam artists and scams work.

Be Scam Smart by learning more about:

  • How to Spot Fraudulent Behavior - Are you at risk?
  • Common Scams that Target Seniors - Is this too good to be true?
  • How to Fight Identity Theft - Protect, Prevent, Police

Feedback from seniors who attended a Be Scam Smart workshop:

"Really learned a lot of valuable information." - Jacksonville
"This was a very valuable topic of interest in our present world." - Arcadia
"I live alone and learned a lot of helpful information that I can share with other seniors." - Zephyrhills
"As a result of this presentation I will be more aware of what is going on around me." - Pensacola
"The info was very good and eyes opened more than ever." - Ormond Beach

Find out more about us in the About Us section or Register for an upcoming event, including the following workshop:

Wednesday, May 23 – Gulf Breeze – 6:45 p.m. to 7:45 p.m. CST
Saint Francis of Assisi Episcopal Church Fellowship Hall
1 St. Francis Drive, Gulf Breeze, FL 32561
Register | Directions | Flyer

If you would like to request a workshop in your area, let us know.


Florida Economic Briefs

Florida's workers' comp costs increased moderately over five years
The average cost of workers’ compensation claims in Florida grew between 2011 and 2016, according to a new study by the Workers Compensation Research Institute (WCRI). All of the key components of total costs per claim experienced moderate increases during the five-year period,
Source: Workers Compensation Research Institute

Manufacturing strong in Florida
Florida is home to more than 19,000 manufacturing businesses that employ more than 330,000 workers. Lockheed Martin currently has nearly 1,000 employees working on various projects along the “Space Coast” and has announced it will move more workers from California to Florida in 2018 and 2019. Eastern Shipbuilding in Panama City recently announced the addition of 2,000 jobs to support a $10.5 billion contract to build more than two dozen U.S. Coast Guard cutters.
Source: Chief Executive Magazine

Florida college sports expenses totaled nearly $813 million in 2016
With total athletics expenses of $142.4 million, Florida State University spent the most of college sports programs in Florida in 2016, followed by University of Florida ($137.8 million) and University of Miami ($89.1 million), according to a Watchdog.org analysis of U.S. Department of Education data. Florida's 63 schools with athletics programs reported more than $812 million in expenses in 2016.
Source: U.S. Department of Education Office of Postsecondary Education

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