Monday, November 4, 2013

The California Insurance Department and Fidelity National Title Insurance Company Settle Illegal Rebating Claims

It was reported that the California Insurance Department entered into a $1.25 million settlement agreement with Fidelity National Title Insurance Company and its affiliates, regarding claims that the company engaged in illegal rebating activities. Fidelity also agreed to reimburse the Department $175,000 of its costs. An investigation revealed that Fidelity allegedly allowed realtors and other providers to pay a sublicensing fee for use of a technology platform to access orders placed with the insurer. The agreements were allegedly used to induce the referral of title, escrow and home warranty business.