Garamendi kicks off campaign for new title insurance regs 
Plan would cut rates by 23% next year
By Matt Carter, Thursday, July 20, 2006.California Insurance Commissioner John Garamendi launched a media campaign Thursday to publicize proposed regulations on the title insurance industry he said would cut rates by 23 percent and save consumers $1 billion a year.
Garamendi claimed there is little to no competition in the state's $4.5 billion title insurance industry, and that it is rife with illegal kickbacks and gratuities that are passed on to consumers
Title insurance and escrow companies dispute those assertions, some of which are based on a more...
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