Title Insurer Strikes Deal Worth $6.9M With Ind. Watchdog

Law360, New York (March 25, 2014, 7:30 PM EDT) -- Old Republic National Title Insurance Co. has agreed to provide $6.9 million in relief to consumers over the next five years and to pay overdue taxes under a settlement with Indiana over disputed title insurance charges, the state's insurance regulator said Tuesday.

Old Republic has agreed to reduce its rates by 20 percent for each policy, said the Indiana Department of Insurance, which scrutinized Old Republic's practices for charging premiums, its collection of premium, consumer disclosures, sale of authorized insurance, title searches and premium reporting for...
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