Indiana Department of Insurance Commissioner Orders First American Title Insurance Company to Reimburse Hoosier Consumers Over Three Million Dollars
The Indiana Department of Insurance market conduct examination of First American Title Insurance Company resulted in findings that some Indiana consumers were being overcharged for their title insurance from 2006-2008. First American is based in Nebraska and is licensed to sell title insurance in Indiana. As a result of these findings, Indiana Department of Insurance Commissioner Stephen W. Robertson ordered First American to reimburse consumers $3,126,103 plus an additional $38,142 for violating Indiana’s Gross Premium Tax Statute by underpaying taxes on the premium charged to consumers from 2006-2008. First American also has been ordered to implement corrective measures.First American filed a
