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Press Release

Commissioner McCarty Schedules Public Hearing On Title Insurance
Monday, August 20, 2007
TALLAHASSEE - Florida Insurance Commissioner Kevin McCarty served subpoenas on several members of the title insurance industry, directing them to appear before a panel of the Office of Insurance Regulation (Office) to discuss matters involving the sales and business practices of title insurance in Florida.
 
The public hearing will take place at the Senate Office Building, Room 301, at the Capitol on August 23, 2007, from 9:30 a.m. to 2:00 p.m.
 
Steven Parton, the Office's General Counsel, will begin the hearing with opening remarks and a brief introduction of the panel. The topics of discussion will include: (1) The cost of producing title insurance policies and how these costs relate to insurance premiums; (2) Procedures used by companies to audit agents; (3) Methods of conducting title searches; (4) Use of affiliated business arrangements; (5) Use of reinsurance contracts; and (6) Efforts to educate and better protect consumers.
 
The subpoenas served on the title insurers can be viewed by clicking here.
 
 The panel will allow input from interested parties and members of the public. Those unable to attend the hearing are welcome to forward comments to the Office at ratehearings@fldfs.com.  The subject line of emails should read Title Insurance Hearing
 
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this hearing should telephone Amanda Parnell at (850) 413-4281 or e-mail her at amanda.parnell@fldfs.com at least 48 hours prior to the hearing.
 
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