The Docket: No Liability without Third-party Claim

June 24, 2014

Today’s review of a ruling by an Ohio appellate court concerning the absence of a third-party claim against the title was provided by Shawn Briner, shareholder of the law firm Martin, Leigh, Laws & Fritzlen PC. Learn why the absence or presence of a third-party claim against the title is a crucial factor in is important in helping an insurer decide if action is required to address the defect and whether they must indemnify the insured against damages suffered as a result of the defect.

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SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development. 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.