Our attorneys are investigating a title insurance overcharge lawsuit after home buyers report that they were charged incredibly high rates and fees when purchasing title insurance. Title insurance rates are regulated in many states, and many impose caps on how much title insurers can charge.
Past Title Insurance Overcharge Lawsuits
In 2002, Old Republic Title Company reportedly paid over $5 million to settle a lawsuit by the San Francisco District Attorney alleging that Old Republic charged home buyers for government fees that the title insurer never had to pay, such as for wire transfers and reconveyance of deeds.
In 2008, a lawsuit was filed against Fidelity, Chicago Title, First American, and Old Republic alleging that the companies had violated antitrust law with anticompetitive conduct. The complaint alleged:
In some of the major markets in the United States, these same title insurers collectively meet, and jointly set rates… The companies agree to fix the price of title insurance far in excess of the risk and loss experience associated with such insurance.