Consumers will benefit

So the "major announcement on title insurance rates" promised by California Insurance Commissioner Steve Poizner Friday (see previous post) was in fact the launch of a new industry-backed Web site. The site, TitleWizard, is supposed to help consumers shop for the best deal on title insurance (see Inman News story).

To make sure the point wasn't lost, Poizner joined California Land Title Association President Margaret Foster and Executive Vice President Craig Page (left to right in photo) at a new housing development in Sacramento's Tapestri Square, posing in front of a billboard promising, "Consumers will benefit."

Poizner, who has given the industry until 2011 to institute reforms, issued a statement calling TitleWizard "a first step to infuse competition into the title insurance industry."

Photo credit: California Department of Insurance

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