Link: http://www.forbes.com/free_forbes/2008/0407/032a.html?partner=yahoomag
Forbes – Scott Woolley: “Title insurance firms rake in $18 billion a year for a product that is outdated, largely unneeded and protected by law, we wrote. Now New York home buyers are leveling the same charges in an antitrust suit against the insurers, including First American (nyse: FAF) …”
Over the years, The First American Corporation figured that fines imposed against it in multiple States & lawsuits were just part of the cost of doing business in an environment that allowed First American to ruthlessly bleed the public.
However with ever increasing lawsuits alleging fraud, profiteering and racketeering against The First American Corporation, how much more will the First American Corporation be required to set aside in reserves in order to face the mounting multi million dollar claims piling up against it?
Can Attorney Generals from multiple States, the public and the lawyers be forever wrong?
Forbes – Scott Woolley: “Title insurance firms rake in $18 billion a year for a product that is outdated, largely unneeded and protected by law, we wrote. Now New York home buyers are leveling the same charges in an antitrust suit against the insurers, including First American (nyse: FAF) …”
Over the years, The First American Corporation figured that fines imposed against it in multiple States & lawsuits were just part of the cost of doing business in an environment that allowed First American to ruthlessly bleed the public.
However with ever increasing lawsuits alleging fraud, profiteering and racketeering against The First American Corporation, how much more will the First American Corporation be required to set aside in reserves in order to face the mounting multi million dollar claims piling up against it?
Can Attorney Generals from multiple States, the public and the lawyers be forever wrong?
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