Agent Defalcation Forces Regional Underwriter to Suspend Issuance of New Policies

September 20, 2011

Directors and officers of Virginia-based Southern Title Insurance Co. indicated the underwriter is solvent and has adequate surplus to pay all current and future claims, but suspended issuance of new title policies after it discovered a substantial defalcation by a former agent in Texas.

Please Log In to View

Contact ALTA at 202-296-3671 or

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software. At ALTA SPRINGBOARD, we vow to give you a forum for fresh thinking and new insights, and help accelerate your career and differentiate your business from the pack.