E&O Insurance Alert!
The market for title agents and abstracters errors and omissions insurance is shrinking while many of the insurers that remain are raising rates dramatically.
ALTA members faced a similar situation in the mid-1980s when ALTA formed a special committee and determined the best way for members to have a long-term stable market was to create their own insurance company. The result was Title Industry Assurance Company (TIAC), a Risk Retention Group (RRG), the only company wholly owned and governed by title professionals.
TIAC began insuring ALTA members in June of 1988, making TIAC one of the oldest and most experienced insurers for title agents and abstracters E&O insurance. This expertise and experience is demonstrated in TIAC’s cutting-edge policy, unparalleled claims and underwriting services, and competitive premiums.