Tag: Department of Financial Services

Michael MolineFebruary 10, 2017
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9min708
Jeff Atwater announced Friday that, following the conclusion of the 2017 legislative session, he would leave office to become vice president for strategic initiatives and chief financial officer at Florida Atlantic University. The move will allow Gov. Rick Scott and Atwater’s remaining Cabinet colleagues to name someone to fill the remainder of his second term […]

Jim RosicaFebruary 9, 2017
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4min579
Florida Chief Financial Officer Jeff Atwater has scored a preliminary win in his fight against the federal government over U.S. savings bonds he holds as unclaimed property. The U.S. Treasury has agreed to redeem “just over 1,000 bonds, worth a little more than half a million dollars, excluding accrued interest,” Atwater spokeswoman Ashley Carr said Thursday. The total value of […]

Jim RosicaJanuary 11, 2017
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3min544
When you try to manage a multi-billion-dollar state budget with three-decade-old software, problems are bound to happen. An audit has found security flaws in the Department of Financial Services‘ antiquated FLAIR accounting system, according to a report released Friday. (FLAIR stands for “Florida Accounting Information Resource Subsystem.”) The department is run by Chief Financial Officer Jeff Atwater. […]

Jim RosicaOctober 31, 2016
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4min289
Florida Chief Financial Officer Jeff Atwater says he’ll hand-deliver a check worth more than $1 million in unclaimed insurance benefits to Fort Lauderdale’s Holy Cross Hospital this week. The media event is yet another victory lap for the CFO, who championed a measure that became law this year, requiring insurance companies to track down beneficiaries. It was later […]

Jim RosicaMay 17, 2016
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5min401
Life insurers are now suing over a new law requiring them to track down insurance beneficiaries. Four companies filed in Leon County Circuit Civil court earlier this month. The measure (SB 966) was a priority of Chief Financial Officer Jeff Atwater and was featured on CBS’ “60 Minutes.” His spokeswoman responded to the suit Tuesday, calling it […]

Jim RosicaMay 17, 2016
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6min534
Broward County’s clerk of court is suing the state over the way it funds Florida’s clerks. Howard Forman is asking a Leon County circuit judge to declare “funding of the offices of the clerks of the circuit and county courts performing court-related functions” as unconstitutional, says his lawsuit filed this month. His complaint is against the state’s Department of Revenue, the […]

Jim RosicaApril 20, 2016
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4min354
A top plaintiffs’ insurance lawyer is lauding Insurance Commissioner Kevin McCarty‘s offer to extend his departure, which was originally set for May 2. McCarty “staying on until a replacement is named is a massive blessing,” said Chip Merlin of the Merlin Law Group in Tampa. Merlin has built a business out of suing insurance companies that “deny, delay or underpay property […]


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