CFO Jimmy's Patronis' Seal

2020 Press Releases


IN CASE YOU MISSED IT…. AP: “With the economy tanking, more people seeking unclaimed cash”

Sep 20, 2023, 09:38 by Megan Perry-Thibault
Florida is seeing a surge in people making claims for unclaimed property since the coronavirus pandemic has shaken up the state’s economy.
“With the economy tanking, more people seeking unclaimed cash” Associated Press
Brendan Farrington
July 24, 2020
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TALLAHASSEE, Fla. (AP) – Florida is seeing a surge in people making claims for unclaimed property since the coronavirus pandemic has shaken up the state’s economy.
 
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“We pushed out over $38 million just in the month of March. That’s the second highest month in the history of the program,” Patronis said. “Just during the COVID-19 pandemic time, we’ve pushed out almost $124 million. That’s $124 million that’s going back into the economy. That’s money that’s not sitting in our accounts anymore.”

There are millions of accounts with unclaimed property. It could be a savings account someone forgot about, a car insurance refund, inheritances and more.

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The state is sitting on about $2 billion in unclaimed property, and takes in another $400 million a year, Patronis said. In the fiscal year that ended June 30, the state returned $328 million. One in five Floridians have unclaimed property, he said.
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