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Statement on Title Insurance Ruling from the Partnership for New York City

“Today’s ruling from the Appellate Division of the New York State Supreme Court that effectively bans title insurance companies from passing along lavish expenses to consumers is a victory for New York residents and businesses,” said Kathryn Wylde, President and CEO of the Partnership for New York City. “The State Department of Financial Services, particularly outgoing commissioner Maria Vullo, has been diligent in protecting consumers against the excesses of the politically influential title insurance industry, for which she deserves a lot of credit.”