TAMPA, Florida - The 10 News Investigators have learned the group suing Citizens Insurance for artificially inflating replacement cost values will file additional suits Monday morning.
This time, the class action suits from the Florida Association for Insurance Reform (F.A.I.R.) will target private companies as well. Complaints by private policy holders were the focus of a 10 News report Friday.
The 10 News Investigators first exposed the allegations last fall of insurers using inflated replacement values to artificially inflate rates. Citizens has since apologized for some of their policies and relaxed their rules, but the new lawsuits could mean hundreds of millions more to private policy holders in the state.
2/10/12 - Private companies could be inflating replacement values too
1/20/12 - Citizens reverses controversial policies after 10 News reports
1/4/12 - Sen. Mike Fasano criticizes Citizens' replacement value policies
11/17/11 - Citizens now offering less coverage, charging more