We remind our Indiana agents to strictly adhere to filed rates. In a recent audit, the Indiana Department of Insurance (IDOI) found that Ohio-based title insurance underwriter American Homeland Title Agency Inc. and its Indiana agents were overcharging policyholders. The IDOI ordered the company to repay consumers $42,202 and pay more than $70,000 in administrative penalties. In addition, the insurer and its agents had their licenses revoked.

Among the reasons for the administrative penalties, the agency failed to report 250 transactions to the Residential Real Estate Acquisition of Licensee Information and Numbers (RREAL IN) database. RREAL IN was established by the Indiana Department of Insurance in 2010 to help combat fraud.

Read more about the American Homeland Title Agency story on the Insurance Business America website. 

• Guidelines for Calculating Indiana Commercial Rates (posted 12/8/14)
• REMINDER - Indiana Rates Have Changed (posted 11/20/14)

• New Rates for Indiana Transactions - Effective September 29, 2014 (posted 8/27/14) 

Questions on calculating rates? For residential transactions, please contact Pam Mathews; for commercial transactions, please contact Donna Kogut. Thank you.