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The 10 News Investigators have learned the group suing Citizens Insurance over its insurance practices will file more lawsuits Monday.
We’ve learned that group — FAIR — will be filing class-action lawsuits against private insurance companies Monday.
Those suits will go along with the cases they’ve already begun against Citizens.
The claims: insurance companies statewide are setting the replacement costs of some homes extraordinarily high — much higher than they should be.
That means the companies can charge you more to insure your house. The technique lets them make more money and dodge state laws that limit how much they can raise your rates.
That practice is what led the group FAIR — Florida Association for Insurance Reform — to the steps of the state Capitol last week.
FAIR announced it’s suing Citizens Insurance over the issue. Citizens is run by the state and backed up by Florida taxpayers.
- Citizens Insurance not only company under fire; more suits to be filed Monday
- Private companies could be inflating replacement values too
- Citizens reverses controversial policies after 10 News reports
- Sen. Mike Fasano criticizes Citizens’ replacement value policies