News & Noteworthy

Article - Law360 Quotes Bruce Bronster on NY Title Insurance Industry Reforms
MARCH 14, 2014 | Law360

Bruce Bronster (Partner, New York) spoke to Law360 about changes to New York's title insurance industry, including the launch of OneTitle National Guaranty Co., which aims to lower prices and prevent fraud by eliminating the need for title agents.

Bruce, who represents numerous title companies, said the following:

  • "The general idea of reducing costs and expediting the process is indeed an obvious positive, but it's not clear whether a direct method like OneTitle's will be the best way to achieve those goals."
  • "Title insurance is incredibly complicated, and there are many very talented, honest title agents who do valuable work on deals."
  • "I'm wholly in favor of reducing the costs to the consumer. [But] I want to make sure that the quality of the title and the people selling title and explaining and researching title doesn't diminish."

The article is entitled "NY Title Agent Crackdown Opens Door For Alternatives" (March 12, 2014).

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