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FAIR revises lawsuit against Citizens Insurance

12:34 AM, Feb 22, 2012   |    comments
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TAMPA BAY, Fla. -- The Florida Association for Insurance Reform(FAIR) is filing an amended class action lawsuit against Citizens Insurance.

The complaint, originally filed earlier this month, alleges the company used a property replacement-cost estimator program called 360Value to artificially inflate costs and drive up yearly insurance premiums.

FAIR says the amended lawsuit will be filed tomorrow morning in Pasco County court.

Citizens Insurance is run by the state and backed up by Florida taxpayers. The lawsuit could mean millions for Florida homeowners -- especially in the greater Tampa Bay Area and the Nature Coast -- who have been forced to overpay with Citizens.

Read the full complaint

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