Make us your home page
Instagram

Readers' comments on business news

Citizens premiums to rise 6.3% | Sept. 10

People can't afford to pay much more

Let's take a brief inventory of upcoming increases regarding property insurance premiums: Citizens to jump 6.3 percent next year, federal flood insurance projected to increase as much as 600 percent, big jumps recently in sinkhole coverage. Plus, Citizens is turning its back on hundreds of thousands of homeowners and simply throwing them to the wolves lurking at the even more expensive private insurance companies that have suddenly decided to do business in Florida.

What is the reason for all this? To bring actuarial soundness to these state and federal insurance organizations and to make up for huge losses from Hurricane Katrina and other storms.

Just one question: Where does the average working person find the money to cover these new expenses in an age in which salaries have been flat since 2008, working hours are being cut, benefits are being reduced or simply phased out, and the middle class is becoming a thing of the past?

Someone needs to point out to these bureaucrats that there is a limit to what people can afford to pay.

Terry Ward, St. Petersburg

Enough with the utility companies getting raises

It's time for PSC to help consumers

There was an article in the paper this week about how all of the electric companies want to raise our rates again. There was another article about how the standard of living of most Floridians has declined since 2000.

Most working Floridians have not received any pay increases for years. Take teachers, for example. Not only have teachers not been given raises, they have all seen a decline in their take-home pay as a result of having to contribute to the Florida Retirement Service. Retirees living on a fixed income don't need their electricity rates raised either.

When is the last time that the Public Service Commission actually stood up for consumers and not the powerful power companies? Ever? The "Public Service Commission" is an oxymoron (like "Jumbo Shrimp").

Hey, PSC, how about saying "No." It's time to treat the utility companies like state employees or teachers have been treated — "sorry, no raises — deal with it."

You've got enough money to pay huge salaries to your top management and enough left over to pay dividends to shareholders, so there isn't a real need for a rate increase.

And as for Duke Energy, you get nothing until you: (1) pay your delinquent property taxes owed to Citrus County and (2) rebate the money you collected from us for the nuclear plant you and your predecessor never intended to build.

Gary Gibbons, Tampa

share your opinions

MAIL: Business News Letters, P.O. Box 1121,

St. Petersburg, FL 33731

FAX: (727) 893-8939

E-MAIL: biznews@

tampabay.com (Please

use the word "Letter" in

the subject field.)

WEB: www.tampabay.com/letters (Choose the

"Business" option.)

Readers' comments on business news 09/13/13 [Last modified: Friday, September 13, 2013 5:46pm]
Photo reprints | Article reprints

    

Join the discussion: Click to view comments, add yours

Loading...
  1. At Menorah Manor, planning paid off during Irma

    Nursing Homes

    ST. PETERSBURG — Doris Rosenblatt and her husband, Frank, have lived in Florida all of their lives, so they know about hurricanes.

    Raisa Collins, 9, far left, works on a craft project as Certified Nursing Assistant Shuntal Anthony holds Cassidy Merrill, 1, while pouring glue for Quanniyah Brownlee, 9, right, at Menorah Manor in St. Petersburg on Sept. 15. To help keep its patients safe during Hurricane Irma, Menorah Manor allowed employees to shelter their families and pets at the nursing home and also offered daycare through the week. The facility was able to accommodate and feed everyone who weathered the storm there. [LARA CERRI   |   Times]
  2. After Irma, nursing homes scramble to meet a hard deadline

    State Roundup

    TALLAHASSEE — Florida's nursing homes and assisted-living facilities find themselves in an unfamiliar place this week — pushing back against Gov. Rick Scott's administration over new rules that require them to purchase generator capacity by Nov. 15 to keep their residents safe and comfortable in a power …

    In this Sept. 13 photo, a woman is transported from The Rehabilitation Center at Hollywood Hills as patients are evacuated after a loss of air conditioning due to Hurricane Irma in Hollywood. Nine have died and patients had to be moved out of the facility, many of them on stretchers or in wheelchairs. Authorities have launched a criminal investigation to figure out what went wrong and who, if anyone, was to blame. [Amy Beth Bennett | South Florida Sun-Sentinel via AP]
  3. Trigaux: How Moffitt Cancer's M2Gen startup won $75 million from Hearst

    Business

    TAMPA — A Moffitt Cancer Center spin-off that's building a massive genetic data base of individual patient cancer information just caught the attention of a deep-pocketed health care investor.

    Richard P. Malloch is the president of Hearst Business Media, which is announcing a $75 million investment in M2Gen, the for-profit cancer informatics unit spun off by Tampa's Moffitt Cancer Center. Malloch's job is to find innovative investments for the Hearst family fortune. A substantial amount has been invested in health care, financial and the transportation and logistics industries.
  4. Three-hour police standoff ends, thanks to a cigarette

    News

    TAMPA — A man threatening to harm himself was arrested by Tampa police on Tuesday after a three-hour standoff.

  5. Another Hollywood nursing home resident dies. It's the 9th in post-Irma tragedy.

    State Roundup

    The Broward County Medical Examiner's office is investigating another death of a resident of the Rehabilitation Center at Hollywood Hills — the ninth blamed on the failure of a cooling system that became a stifling deathtrap three days after Irma hit.

    Carlos Canal, pictured at 47 years old, came to Miami from Cuba in 1960. Above is his citizenship photo. [Courtesy of Lily Schwartz]