Licenses Suspended for 12 Maryland Title Agencies after Underwriter Finds $1M Shortage

February 10, 2011

The Maryland Insurance Administration suspended the licenses of 12 title agencies less than two months after an underwriter audit discovered a title agency diverted more than $1 million from an escrow account to pay operating expenses.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.