Steve Eppley of Boynton Beach received quite a shock this month from his homeowner’s insurance provider.
He was hit with a $1,000 hike in one year for a home he’s owned since 2006, and he has never filed a claim.
“I calculated it to be a 52 percent increase,” Eppley said. “It’s not fair. What they’re doing isn’t fair.”
What happened to Eppley isn’t uncommon.
Homeowners insurance companies across the state of Florida are giving bad news to their customers with rate hikes between 20 to 50 percent.
Tasha Carter, Florida’s Insurance Consumer Advocate, said as many as 90 companies operating in the state filed for rate hikes last year.
Brazos Electric Power Cooperative Inc is one of dozens of electricity providers facing enormous charges stemming from a severe cold snap last month. The fallout threatens utilities and power.
Textron calls on Texas officials to dial back state s power-pricing charges reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Texas Energy Co-Op Files For Bankruptcy After Storm, High Bill – Nation & World News wuft.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wuft.org Daily Mail and Mail on Sunday newspapers.
at 3:00 am NPR
The largest power cooperative in Texas filed for bankruptcy protection Monday, citing a massive bill from the state s electricity grid operator following last month s winter storm that left millions of residents without power for days.
Brazos Electric Power Cooperative Inc. filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, according to court documents reviewed by NPR.
The company in court documents says it received an essentially unpayable $1.8 billion bill from the Electric Reliability Council of Texas, the entity that maintains and operates much of the state s electricity grid.
Brazos Electric is the wholesale energy provider for its 16-member cooperative.