The Docket: U.S. Court of Appeals Addresses Professional Liability Coverage

February 25, 2014

Today’s review of a ruling by the U.S. Court of Appeals whether a title insurer’s professional liability policy covered the title insurer’s contractual obligation to reimburse stolen escrow funds by an issuing title agent was provided by Michael Russo Jr. of the law firm Council, Baradel, Kosmerl & Nolan P.A. Read on to learn why it's important to know that coverage provided by errors and omissions, and professional liability policies are not “one size fits all.”

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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.