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Is it the End of the World as We Know It? New York is considering a state run “Title Guarantee Department” that would appoint directors who in turn would appoint and hire “officers and agents as it may require,” according to PRNewswire.com In response, a new lobbying group has taken the initiative to attempt to stop [...] Today’s news for the Title Insurance Industry is not good, reading like a bad novel… In Georgia [...] In its annual report on title insurance, Colorado’s Commissioner of Insurance revealed that the state is currently conducting an investigation into payment of referral fees and inducements for referrals in the title insurance industry, and anticipates that the investigation will yield “significant enforcement actions” in 2010. The title industry in Colorado, like in many other states, [...] Another family who refinanced their home, found out their initial mortgage was never paid at closing. Worse yet, the title company that did the refinance closing had gone under. Maple Leaf Title Co. had been in business since March 1999, but shut its doors August 2009 because it could not legally operate due to an [...] …if you value your independence as a title company, I strongly suggest that you endorse the NAIC position that Insurance regulation belongs with each state, not the [...] AM Best (requires subscription) reports that Chairman Paul Kanjorski (D-PA) of the House Financial Services Capital Markets Subcommittee who introduced a draft bill for the creation of a national insurance office, has now outlined a discussion draft on how to rewrite the bill (HR 2609.) According to the draft, the head of the new federal [...] |
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