Title CEO Says Regulator Crackdown Is Good

Despite accusations by various state officials that title insurers paid kickbacks to win business, the head of a major title insurance firm said he is glad that state regulators are focusing on his industry.

Ted Chandler, chief executive of LandAmerica Financial Group, whose company has had its legal tangles with state officials, said the result of their attention “will be messy at times, but at the end of the day a lot of good comes from state regulators promulgating clear rules and regulations==and I hope they enforce the hell out of them.”