Violation Tracker Individual Record

Company: 
Stewart Title Guaranty Co.
Current Parent Company: 
Stewart Information Services
Penalty: 
$1,000,400
Year: 
2007
Date: 
August 28, 2007
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Secondary Offense: 
kickbacks and bribery
Violation Description: 

Stewart Title agreed to pay a $1,000,400 penalty in settlement of allegations its captive reinsurance agreements constituted unfair competition, deceptive practices, and unlawful rebates, along with allegations of filing false statements.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Insurance
Civil or Criminal Case: 
civil
Facility State: 
California
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.