Fitch: Kickback Probe May Impact Title Insurers
NU Online News Service, Jan. 26, 4:10 p.m. EST?Fitch Ratings in Chicago said news that the Colorado Department of Insurance may sanction nine title insurers for allegedly paying kickbacks to get homebuilders' business could have considerable impact on that insurance sector.[@@]
Fitch said it is closely monitoring the potential effects on the U.S. title insurance market, especially given the current widespread investigations of fraud and anticompetitive practices in the insurance industry as a whole.
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