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What will be the settlement amount for the D.C. title insurance companies by the end of 2024?
3
Resolution / Starting Odds
Less than $1 million • 25%
$1 million to $2 million • 25%
$2 million to $3 million • 25%
More than $3 million • 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.
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Similar markets
Less than $150 million • 25%
$150 million to $200 million • 25%
$200 million to $250 million • 25%
More than $250 million • 25%
Under $500 million • 25%
$500 million - $1 billion • 25%
$1 billion - $2 billion • 25%
Over $2 billion • 25%
Yes • 50%
No • 50%
Unilever • 25%
WPP • 25%
GARM • 25%
WFA • 25%
CVS Health • 25%
Mars • 25%
Orsted • 25%
GroupM • 25%
First American Title Insurance Company • 25%
Old Republic National Title Insurance Company • 25%
Fidelity National Title Group • 25%
Other • 25%
0-10% • 25%
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21-30% • 25%
Over 30% • 25%
One • 25%
Two • 25%
Three • 25%
More than Three • 25%
Less than $50 million • 25%
$50 million - $100 million • 25%
$100 million - $150 million • 25%
More than $150 million • 25%
No settlement • 25%
Settlement less than $100 million • 25%
Settlement between $100 million and $500 million • 25%
Settlement greater than $500 million • 25%