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, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. 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.