Industry News

Stewart Title accused of engaging in captive reinsurance scheme

California Department of Insurance seeks $46.7 million in damages
Published on Sep 26, 2006

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by CareyBot

The California Department of Insurance is seeking $46.7 million in damages and penalties against Stewart Title Guaranty Co. for an alleged captive reinsurance scheme affecting 3,650 homeowners. California Insurance Commissioner John Garamendi on Monday accused Stewart Title of channeling illegal ...