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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, [...] …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 [...] “A Day in the Life of a Title Insurer” was hosted for the NAIC’s Title Working Group in [...] The National Assoc of Insurance Commissioners warns that agents in several states have been called by scammers posing as insurance regulators in order to collect personal data that would make I.D. theft possible. It reports that Oklahoma, Idaho, Nevada and California have reported instances of agents being targeted. In those states, callers have posed as insurance [...] |
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