Washington State Commission on Title Insurance Issues Report
September 27, 2007
The Commission appointed by Washington State Insurance Commissioner Mike Kreidler to study the title insurance market in Washington issued its report titled “Title Insurance in Washington: Improving Competition and Consumer Choice” on September 25th. It is a balanced and fair look at the industry that does a good job of explaining the importance and value of title insurance. It offers five recommendations to the Commissioner. They include a more realistic regulation against inducements (Currently $25 per year); Closer regulation of affiliated businesses; better information for consumers; rate regulation; and review of title plant law. Read the full report.