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Violation Tracker Individual Record

Company: LandAmerica Financial Group Inc.
Penalty: $3,800,000
Year: 2006
Date: June 5, 2006
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: LandAmerica agreed to a settlement of approximately $3 million, the majority of which was to be refunded to Nevada's consumers who were affected by its captive reinsurance arrangement. In addition, the company agreed to pay $560,280 in administrative fines and $239,720 toward a consumer education program concerning title insurance.
Level of Government: state
Action Type: agency action
Agency: Nevada Division of Insurance
Civil or Criminal Case: civil
Facility State: Nevada
Source of Data: LandAmerica Settles With Nevada Regulator, National Mortgage News, June 5, 2006 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.