Ms. Ashburn’s assertion that Citizens is only interested in providing accurate replacement values is absurd on its face. Citizens was presented in thousands of cases with certified replacement value appraisals indicating that their replacement value software was vastly overstating values. The evidence shows that the software was selected because it could be modified, meaning this overstatement was intentional and amounts to a huge “backdoor” rate increase on policyholders. Join FAIR at http://www.floridainsurancereform.org.
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Ms. Ashburn’s assertion that Citizens is only interested in providing accurate replacement values is absurd on its face. Citizens was presented in thousands of cases with certified replacement value appraisals indicating that their replacement value software was vastly overstating values. The evidence shows that the software was selected because it could be modified, meaning this overstatement was intentional and amounts to a huge “backdoor” rate increase on policyholders. Join FAIR at http://www.floridainsurancereform.org.