California committed to title insurance rate cap Premium Content

New insurance commissioner stands behind predecessor's proposal

Inman News®

California's new insurance commissioner says he agrees with his predecessor that there's a lack of competition among the state's title insurance and escrow services providers, and that he stands behind a proposal for a cost-based rate cap.

Steve Poizner, who succeeded John Garamendi as the state's top insurance regulator Jan. 8, today issued his first public statement on Garamendi's proposed rate rollback.

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