Industry News

Ohio homeowners sue national title company

Suit alleges Fidelity National Title failed to give insurance discount

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Two Ohio homeowners are suing Fidelity National Title Insurance Co. for allegedly failing to give them a title insurance discount when they refinanced their home, and are seeking to have their suit certified for class-action status. Jerry and Dianne Randleman of New London, Ohio, are suing Fidelity National Title Insurance in U.S. District Court in Toledo, Ohio. When the two refinanced their home in 2004, they paid the same amount for title insurance as if they were buying the home from someone else, the lawsuit alleges. Under rates filed by their insurer with the Ohio Insurance Department in Columbus, the Randlemans were entitled to a discount because their house was already covered by a title insurance policy purchased when the couple first closed on their home, the two contend. The suit accuses Fidelity of purposely not disclosing this to the Randlemans and many others. Fidelity did not return a call asking for comment this morning. News of the lawsuit comes on the heels of a call...