Starting July 1, New Mexico consumers will see a 6% reduction in basic premium rates for title insurance. Superintendent of Insurance, Russell Toal, says dropping rates was in the best interest of ...

If regulators and legislators take the necessary steps, “the new rates could go into effect in the summer of 2017,” said Office of Insurance Regulation spokeswoman Amy Bogner.

The findings stated, “The Superintendent has the responsibility to promulgate the premium rates of title insurers and title insurance agents for title insurance policies and the percentage of ...