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Professional Abstract & Assurance - Elizabeth Helman/PA
6/11/2010 9:13:27 AM (4399 views)

[+] Pricing increase? Timing. - Amy Jensen/OR (6 replies)
6/10/2010 1:49:00 PM (3305 views)

[+] Email from RASA Solutions - Jacqueline Costa/RI (7 replies)
6/10/2010 9:11:46 AM (4352 views)

[+] Comment on "HUD Asks for Public Comment on RESPA Rules Regarding Affiliated Business Arrangements" - Source of Title/OH (1 reply)
6/8/2010 11:00:18 PM (3021 views)

[+] A TALE OF TWO PARCELS - CHARLENE  PERRY/MD (2 replies)
6/8/2010 1:49:01 PM (3028 views)


Real Title Services


[-] Comment on "Erin Toll Resigns: It's Colorado's Loss" - Source of Title/OH (7 replies)
6/8/2010 1:36:09 AM (3298 views)
Toll's battle with LandAmerica was interesting to say the least - Slade Smith/OH
6/8/2010 1:36:09 AM (4508 views)

A 2006 report from the office of Congressman Michael Oxley regarding the battle between now-bankrupt title insurer LandAmerica and Commissioner Toll can be found here.  The executive summary of the report states:

According to documents made available to the Committee on Financial Services, LandAmerica Financial Group, Inc. allegedly engaged in a deliberate effort to negatively influence state and federal examinations into the company’s captive title reinsurance agreements. Senior company management, including CEO Ted Chandler and General Counsel Michelle Gluck, in internal correspondence, authorized LandAmerica Senior Vice President Peter Kolbe to use personal background information obtained on Colorado Deputy Commissioner Erin Toll to raise conflict of interest charges in an effort to limit her investigation into LandAmerica’s Colorado operations, undermine her efforts to lead a multi-state settlement on captive reinsurance, and, in the opinion of Ms. Toll, to discourage her from testifying at a hearing before a subcommittee of the Committee. The company had personal information regarding Ms. Toll’s family background and relationships and raised it with several other state insurance regulators, threatening to “go public” and get “real stinky real quick” if Ms. Toll continued her efforts. The company’s officials also used their contacts in state insurance departments and at the National Association of Insurance Commissioners (NAIC) to obtain information about, and reduce support for, Ms. Toll’s negotiations towards a multi-state settlement, and to remove her from the process.

The investigative report that follows includes a lot of internal LandAmerica email correspondence and correspondence with regulators, which clearly demonstrate how LandAmerica tried to play hardball with a tough regulator.  Land America's conduct comes off looking more than a bit Nixonian.

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Re: Toll's battle with LandAmerica was interesting to say the least - Scott Perry/PA
6/9/2010 2:33:22 PM (2677 views)
Re: Toll's battle with LandAmerica was interesting to say the least - Slade Smith/OH
6/10/2010 12:45:03 AM (2539 views)
Re: Toll's battle with LandAmerica was interesting to say the least - Scott Perry/PA
6/10/2010 11:24:42 AM (2513 views)
Re: Toll's battle with LandAmerica was interesting to say the least - William Pattison /CA
6/14/2010 11:30:58 AM (2447 views)
Re: Toll's battle with LandAmerica was interesting to say the least - Slade Smith/OH
6/14/2010 1:34:02 PM (2526 views)
Re: Toll's battle with LandAmerica was interesting to say the least - george Hubka/MI
6/14/2010 3:09:36 PM (2464 views)

Site update-- commenting on articles added - Slade Smith/OH
6/8/2010 12:55:41 AM (2543 views)

Interesting article on C'wide in NYT - Leigh Attridge/MA
6/7/2010 4:52:58 PM (2456 views)

[+] Mobile scanners - Phyllis Agan/GA (14 replies)
6/7/2010 10:37:55 AM (3188 views)

[+] Let your voice be heard on AFBAs - Slade Smith/OH (3 replies)
6/4/2010 1:04:48 PM (3214 views)

[+] Appraisers...got a question - PATRICIA PALMER-ILKO/PA (1 reply)
6/4/2010 11:29:07 AM (2852 views)

[+] Forbes at it again... another hit piece on title industry - Slade Smith/OH (5 replies)
6/4/2010 10:42:54 AM (4349 views)

[+] Thanks Robert & Co... - monica froese/ME (3 replies)
6/3/2010 7:07:33 PM (2986 views)

[+] SO YOU WANT TO BE AN INDEPENDANT - CHARLENE  PERRY/MD (1 reply)
6/2/2010 2:33:39 PM (3288 views)

[+] Putting Customers on Hold - Abstractor/MI (16 replies)
6/1/2010 2:47:56 PM (3479 views)


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