Claims, ALTA Risk Codes and Lessons from the Great Recession

By Skip Sacks, Virginia State Counsel Stewart Title Guaranty Company Our story begins in the spring of 2011. I was reviewing Stewart Title Guaranty Company’s Virginia claims totals for 2010 and it was clear that the recession was causing a huge increase in claims volume and losses. My colleagues at competing underwriters confirmed that they … Continue reading Claims, ALTA Risk Codes and Lessons from the Great Recession

How to last in the title industry – How to run a title agency that endures

By Colleen Taylor I came into the title industry as many do – by happenstance. I started out as a mortgage loan officer for a small community owned bank in another state. I moved to Virginia for love and put my resume out to local title companies because, hey, those nice guys from Ticor used … Continue reading How to last in the title industry – How to run a title agency that endures

TSA Close-Out Requirements

Licensed title insurance agents and agencies who are RESA registered (“TSAs”) have certain responsibilities when ceasing business operations.  These responsibilities include, but are not limited to: notifying the Bureau of Insurance prior to closing, handling escrow funds in a fiduciary manner, and filing a close-out audit with the Bureau.  Sixty days prior to closing shop, … Continue reading TSA Close-Out Requirements