Loading...
Market
How many title insurance companies in D.C. will face legal actions in 2024?
3
Resolution / Starting Odds
1-2 • 25%
3-4 • 25%
5-6 • 25%
7 or more • 25%
Public announcements from the D.C. Attorney General's Office or court filings
Story
D.C. Title Companies to Pay $3.3 Million for Kickback Scheme
Aug 29, 2024, 09:30 AM
Four title insurance companies operating in Washington, D.C. have agreed to pay a total of $3.3 million in penalties following allegations of an illegal kickback scheme. The D.C. Attorney General's Office announced the settlement, stating that the companies offered illegal payouts to real estate agents to direct clients to their services. Despite agreeing to the settlement, the companies involved have denied any wrongdoing. This case highlights ongoing concerns about potentially collusive practices in the title-insurance industry that may increase costs for home buyers.
View original story
Similar markets
First American Title Insurance Company • 25%
Old Republic National Title Insurance Company • 25%
Fidelity National Title Group • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
One • 25%
Two • 25%
Three • 25%
More than Three • 25%
No additional lawsuits • 25%
1-2 additional lawsuits • 25%
3-4 additional lawsuits • 25%
5 or more additional lawsuits • 25%
Support for NAR • 25%
Support for Homie • 25%
Neutral stance • 25%
No official reaction • 25%
0-10% • 25%
11-20% • 25%
21-30% • 25%
Over 30% • 25%
Low-level employees • 25%
Mid-level managers • 25%
High-ranking officials • 25%
No one held accountable • 25%
Lawsuits Filed • 25%
Settlements Reached • 25%
No Legal Actions • 25%
Regulatory Fines • 25%
State Attorney's Office • 25%
Federal Government • 25%
Private lawsuit by victims • 25%
Other • 25%