Florida Insurance Commissioner Kevin McCarty announced today that the Office of Insurance Regulation has served subpoenas on several members of the title insurance industry, directing them to appear and discuss their industry's sales and business practices.
The public hearing, he said, will take place Thursday at the Senate Office Building, Room 301, at the Capitol in Tallahassee.
Title insurers have been under continuing scrutiny from regulators over the past several years, and a number of major carriers have paid big settlements to states to settle claims they paid kickbacks to contractors and real estate developers to have business steered their way.
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