Industry News

LandAmerica accused of campaign to discredit Colorado regulator

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A report by members of a congressional committee that held hearings on the title insurance industry earlier this year accuses LandAmerica Financial Group of attempting to impede its investigation and discredit the Colorado official credited with sparking enforcement actions against the industry nationwide. Erin Toll, who led Colorado's investigation of the title insurance industry until taking charge of the state's Division of Real Estate in September, was the target of a campaign by LandAmerica to portray her as an ego-driven regulator who overstepped her authority because she held a personal grudge against the company, according to a report by members of the House Committee on Financial Services. The 37-page report, "Problems and Concerns Regarding the Marketing and Sales of Title Insurance and LandAmerica Financial Group Inc.'s Conduct Regarding Federal and State Examinations of Title Insurance," makes public numerous internal LandAmerica e-mails and partial transcrip...