Opinion ID: 215429
Heading Depth: 1
Heading Rank: 5

Heading: New Mexico's filed rate doctrine precluded Plaintiffs' claims seeking damages and similar relief from the Defendant Insurers for charging excessive premiums

Text: Plaintiffs contend that the premium rate that the state superintendent of insurance established for title insurance in New Mexico is excessive and unreasonably high. [8] Furthermore, Plaintiffs allege that this rate is the result of the Insurer Defendants acting in concert with the State Defendants to fix prices for title insurance, and that the Insurer Defendants conspired with each other and Superintendent of Insurance Eric Serna to bribe Serna to set unreasonably high title insurance rates. We agree with the district court that New Mexico's filed rate doctrine precluded Plaintiffs' claims against the Insurer Defendants to the extent Plaintiffs sought money damages as relief for excessive title insurance premiums.