Jimmy Patronis officially resigns as Chief Financial Officer
CFO Patronis, Governor Ron DeSantis, Jimmy Patronis, Florida politics, Chief Financial Officer
News & Updates
Jimmy Patronis
CFO Patronis Highlights Concerns with Directions to Pay
Following Hurricane Debby, Florida Chief Financial Officer (CFO) Jimmy Patronis warned consumers about contractors using agreements designed to circumvent Florida’s prohibition against assignment of benefits (AOBs). In recent years, contractors’ widespread use of AOBs contributed to elevated losses, loss adjustment expenses and litigation in the Florida property insurance market. The Florida legislature included a prohibition […]
Republicans Sweep Governor and Cabinet Races
Incumbent Governor Ron DeSantis soundly defeated Charlie Crist in Florida’s race for Governor, leading a Republican sweep of the state’s top elected offices. Current Chief Financial Officer prevailed in his bid for another term, as did incumbent Attorney General Ashley Moody. They are joined by Republican Wilton Simpson, the outgoing Senate president who won an […]
New Year Promises Fast Start in Florida Politics
The new year will get off to a fast start in Florida governmental affairs and promises to active at least until we approach the next holiday season. This year is an election year in Florida. This means the Florida legislature will meet early in the year, with the session beginning January 11. The 60-day session […]
DFS Grants Licensing Flexibility During COVID-19 Crisis
Florida’s Chief Financial Officer (CFO) Jimmy Patronis has issued directive 2020-07 allowing the Department of Financial Services to issue agent licenses even if the testing requirement is not met. CFO Jimmy Patronis commented, “The licensing of insurance agents came to a complete standstill when a testing vendor shut their doors due to COVID-19. This has […]
Commissioner Altmaier Named NAIC President-Elect
Florida Insurance Commissioner David Altmaier has been named President-Elect of the National Association of Insurance Commissioners (NAIC), effective January 1, 2020. Commissioner Altmaier has been Vice President of the NAIC during 2019. “I am honored to have been chosen as President-Elect of the NAIC. This year, we have made significant progress on many key issues. […]
Officials Focus on Open Michael Claims
The Florida Department of Financial Services (DFS) and Office of Insurance Regulation (OIR) encouraged insurers again this week to redouble efforts to resolve Hurricane Michael claims. Chief Financial Officer Jimmy Patronis asked Insurance Commissioner David Altmaier to update the status of the insurance industry’s Michael response. Commissioner Altmaier responded that about 15 percent of the […]
AOB Reform Advances Without Auto Glass Fix
The Florida House of Representatives has passed its version of Assignment of Benefits (AOB) reform. The bill has been a priority of key policymakers, including CFO Jimmy Patronis and Insurance Commissioner David Altmaier. You can learn more here. The bill is aimed at reducing abuses that have plagued the Florida property insurance market when consumers […]
Altmaier Elected NAIC Vice President
Florida Insurance Commissioner David Altmaier has been elected as Vice President of the National Association of Insurance Commissioners (NAIC), effective immediately. Commissioner Altmaier will continue to serve as Florida’s Insurance Commissioner. In a press release relating to his election, Commissioner Altmaier said, “It is my distinct honor and privilege to join such a distinguished group of individuals […]
Happy New Year!
Radey wishes all of our friends a happy and prosperous new year. As 2019 begins, Florida’s capital city will be embarking on a new era. Governor-elect Ron DeSantis will take office next week, succeeding Rick Scott who was Governor for eight years. Chief Financial Officer Jimmy Patronis returns, having been elected to the Cabinet office to […]