Tuesday, February 12, 2008

US title insurance

Title insurance firms are under the spotlight in the United States.

There's allegations that the industry colluded illegally and paid kickbacks to brokers or agents, in a bid to get business.

In particular, four title firms in New York are under scrutiny for concealing improper costs underlying their rate request.

It comes as the industry faces tougher scrutiny in the wake of the sub prime mortgage meltdown.

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