February 23, 2003 |
Stewart Title Insurance of California Inc. became the first of six title companies to notify homeowners that it is making refunds as the result of a consumer protection lawsuit settlement. The firms agreed in October to make more than $40 million in refunds to settle a suit alleging deceptive advertising and unfair business practices regarding their escrow accounts.
January 8, 1985 |
The Federal Trade Commission charged Monday that six major title insurance firms, including three Southland companies, illegally fixed prices on title searches and examinations and on settlement services in 13 states. The commission charged that the companies used private ratings bureaus to fix prices for services provided by the insurance firms to real estate purchasers, thus restraining competition in this business. The complaint named Ticor Title Insurance Co.
July 30, 1999 |
Two of the nation's largest title insurers, Fidelity National Financial Inc. and rival Chicago Title Corp., are discussing a merger that would make them the market leader in a rapidly consolidating and increasingly competitive industry, The Times has learned. A combination of Irvine-based Fidelity National, the No. 4 title insurer, and the larger Chicago Title, ranked No. 3, would create a real estate giant with $3.2 billion in revenue, including $2.5 billion from title operations.
July 30, 1999 |
Irvine-based Fidelity National Financial Inc., which used a string of acquisitions to become the nation's fourth-largest title insurance company, is discussing a possible merger with a major rival that would create the nation's largest title insurance company, The Times has learned. If the deal is completed, Orange County could be home to the nation's two largest title insurance companies. Industry leader First American Financial Inc.