$500K Penalty For Title Insurer's Illegal Rebates

By Daniel Hays

NU Online News Service, June 3, 2:49 p.m. EDT?A California Department of Insurance spokesman said the agency seized $500,000 in escrowed funds from a title insurer yesterday after an investigation found the company had once again used what amounted to illegal kickbacks to secure business from real estate agents and brokers.[@@]

Recommended For You

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:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.