Tag: dfs

Insurance fraud costs more than $40 billion annually, which increases the average family’s insurance premiums between $400 and $700 a year. Fraudulent tactics and schemes perpetrated by professionals who are utilizing harmful contracting and unlicensed adjusting practices are resulting in higher insurance premiums for all Floridians.

Patronis showcased his 2021 legislative agency package aimed at bolstering efforts within the Florida Department of Financial Services (DFS) by supporting firefighters, better protecting victims of sexual harassment, and focusing on protecting Floridians from fraud and scams.

To empower Florida’s seniors, the presentations from Patronis’ Operation S.A.F.E. “Be Scam Smart” workshops, which cover topics such as scams, identity theft, annuities and reverse mortgages, are now available online and on demand. Floridians can view the first two videos at www.myfloridacfo.com/safe, with the final four videos available by the end of March. In addition, each year, seniors in the United States lose nearly $3 billion in scams.

Among a number of provisions, the directive requires DFS leverage the country-of-origin vendor survey that was issued in May, prior to entering into a new contract or approving vendor contract amendments.

“TikTok’s own privacy policy states that the video-sharing application records keystroke patterns entered on devices that have downloaded the app. Additionally, China’s 2017 National Intelligence Law requires all companies based in China grant on-demand records access to Chinese intelligence agencies,” the CFO’s office noted.

With students across Florida taking classes online due to the coronavirus pandemic and April being Financial Literacy Month, Florida Chief Financial Officer (CFO) Jimmy Patronis showcased online financial literacy classes.

As the coronavirus continues, Florida Chief Financial Officer (CFO) Jimmy Patronis announced the Florida Department of Financial Services (DFS) will operate remotely.

This week, Florida’s Chief Financial Officer (CFO) Jimmy Patronis turned his attention to how coronavirus is impacting the Sunshine State.

Carter is a longtime employee in the Department of Financial Services where she started in 2003. She led the Division of Consumer Services for more than eight years, overseeing a staff of more than 100 employees who help more than 300,000 insurance customers each year.

Scott and state CFO Jimmy Patronis called on Florida’s insurance companies “to expeditiously respond to policyholders’ needs and to treat families fairly” and insisted the “quick response of insurance companies is critical to the recovery of Florida families following Hurricane Michael.” 

The Florida CFO race has been off stage in recent weeks with incumbent Jimmy Patronis assured of the Republican nomination and former state Sen. Jeremy Ring facing no opposition for the Democratic nomination. But the race is starting to heat up with both sides taking aim at each other in recent days.