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New York Cuts Title Rates 15%

As part of a settlement with the New York Attorney General's Office two major title insurance companies have applied for and received approval to reduce their rates by 15 percent, and four other title

By Staff Writer | Updated on June 29, 2006

As part of a settlement with the New York Attorney General’s Office two major title insurance companies have applied for and received approval to reduce their rates by 15 percent, and four other title insurers have followed suit, officials said.

The New York State Insurance Department said the six firms, which Insurance Superintendent Howard Mills approved reductions for, cumulatively have 93 percent of the state’s market share.

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