Wednesday, January 16, 2008

Attorney general wants to cut title insurance rates

— Attorney General Gary King has asked the state insurance superintendent to reduce title insurance rates by more than 11 percent, saying insurance companies have no incentive to compete on prices charged to customers.

According to 2007 information from, New Mexico has the 15th most expensive title insurance rates. The average New Mexico policy costs $755.27; the national average is $707.30.

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