The Government Accountability Office issued a scathing report on the title insurance industry on April 24, detailing a lack of competitiveness, regulation and questionable costs.
The GAO report–"Title Insurance: Preliminary Views and Issues for Further Study"–was released through Rep. Mike Oxley, R-Ohio, chair of the House Financial Services Committee, who had requested the inquiry in January.
Among the key concern cited:
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
