Tag: Department of Financial Services

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 […]

Drew WilsonMarch 30, 2016
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3min220
Two Orlando residents accused of siphoning thousands in food stamp benefits from the government were arrested by the Orange County Sheriff’s Office Wednesday, Florida chief financial officer Jeff Atwater announced. “Today, two criminals found themselves exactly where they belong, and that’s behind bars,” Atwater said. “By stealing hundreds of thousands of dollars in public assistance […]

Guest AuthorMarch 8, 2016
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8min246
Each Legislative Session brings a cadre of bills, usually touted as consumer-friendly measures, that on the surface sound like good-government laws. In reality, such bills often have unintended consequences that should be exposed for consumer protection reasons. Companions House Bill 1041 and Senate Bill 966, related to unclaimed property, form one such example of state […]

Drew WilsonFebruary 24, 2016
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3min611
A bill that would require insurers to take a more proactive stance on paying out life insurance benefits cleared the Senate Wednesday with a unanimous vote. SB 966, sponsored by Fort Myers Republican Sen. Lizbeth Benacquisto, would require insurers to compare their policy rolls with the Social Security Administration’s Death Master File and payout benefits. Current law allows […]


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