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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.

Old Republic Title Insurance Group Releases Professional Liability Product for Agents

May 29, 2014

Old Republic Title Insurance Group (ORTIG) announced a joint initiative with its affiliated property and casualty insurance group to provide a newly developed professional liability product to the company’s independent agency force.

The new product responds to forthcoming regulations from the Consumer Financial Protection Bureau (CFPB). The new product, “Close Safe,” will provide indemnification to ORTIG’s qualified independent title agents from claims alleging violations of American Land Title Association’s Best Practices.

“The CFPB’s rule makes two things clear; first, consumers are entitled to honest and transparent conduct in residential real estate transactions; and second, the CFPB is committed to protect those consumer interests,” said Rande Yeager, Old Republic Title Insurance Group’s chief executive officer. “To that end, we are highly confident the new CloseSafe product will afford verification and assurance of our independent title agents’ adherence to real estate best closing practices. This joint initiative among Old Republic affiliates reinforces Old Republic Title Insurance Group’s continued commitment to, and pride in the safe closing practices of our independent title agents.”

Old Republic said a formal announcement of product availability will come as CFPB regulations are finalized. In the meantime, inquiries about CloseSafe may be directed to the call center at 855-406-3852.

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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