State CFO Jeff Atwater, Insurance Commissioner Kevin McCarty on 60 Minutes Sunday
Florida's elected chief financial officer Jeff Atwater will be a key piece to a 60 Minutes report this Sunday.
Atwater, a Republican first elected to his position in 2010, and the state's appointed insurance commissioner Kevin McCarty will both be interviewed on the CBS News program as part of a story on how some private insurance companies have avoided paying out life insurance claims to rightful beneficiaries.
Atwater championed a bill that Gov. Rick Scott signed into law earlier this week that requires life insurance companies to do more to track down rightful beneficiaries. Atwater has complained that some companies put little effort into finding beneficiaries so they could pocket the the money that was supposed to be paid out.
The new law requires life insurers to search the Social Security Administration's Death Master File for all of their policyholders retroactively to 1992 and every year going forward to identify beneficiaries. If a beneficiary cannot be found, the insurance company must turn the policy over to the State of Florida’s Unclaimed Property Program, currently overseen by Atwater, where the state will continue to look for rightful beneficiaries.
The program airs at 7 p.m. on Sunday.