Loading...
Market
Will total penalties in the title insurance industry in D.C. exceed $5 million by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
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
Less than $150 million • 25%
$150 million to $200 million • 25%
$200 million to $250 million • 25%
More than $250 million • 25%
Yes • 50%
No • 50%
Less than $100 million • 25%
$100 million to $500 million • 25%
$500 million to $1 billion • 25%
More than $1 billion • 25%
Less than $10 million • 25%
$10 million to $50 million • 25%
$50 million to $100 million • 25%
More than $100 million • 25%
Yes • 50%
No • 50%
No penalty • 25%
Up to $10 million • 25%
$10 million to $50 million • 25%
Over $50 million • 25%
Yes • 50%
No • 50%
None • 25%
Up to $50 million • 25%
$50 million to $100 million • 25%
Over $100 million • 25%
Yes • 50%
No • 50%
Under $500 million • 25%
$500 million - $1 billion • 25%
$1 billion - $2 billion • 25%
Over $2 billion • 25%