American Land Title Association
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Industry News

Terror bill off to Bush

November 20, 2002

Senate okays terrorism risk insurance, awaits final signature

Inman News Features

The terrorism insurance legislation that breezed through the House of Representatives last Friday made its way through the Senate last night by a vote of 86 to 11.

The "Terrorism Risk Insurance Act of 2002" would help to address the severe shortage of terrorism insurance coverage that has become an escalating problem since Sept. 11, 2001, holding back many real estate acquisitions, construction projects and other transactions due to the inability to obtain financing.

The bill now awaits President Bush's signature.

Among the legislation's advocates were the Building Owners and Managers Association International and the National Association of Real Estate Investment Trusts.

"Implementation of this temporary backstop should encourage more insurers to write comprehensive and less costly terrorism risk coverage," said NAREIT President and CEO Steven A. Wechsler. "It should help safeguard policyholders and their employees. And it should enhance the nation's economic security in anticipation of another terrorist strike."

Copyright: Inman News Service

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment