FLTA reports on Insurer Insolvency Issues

11/12/2011 3:40 PM | Anonymous
At the recent ALTA convention in Charleston, Insurer Section Chair, Jim Russick and Executive Director, Alan Fields, reported on the recent changes to Florida law regarding the insolvency of a title insurer.   As part of their presentation, they suggested that with insurers issuing policies in multiple states, a uniform national model for handling the assets and policy obligations of a failed insurer was needed. 

This discussion continued at last week's NAIC's 2011 Fall National Meeting Nov 3-6 in National Harbor MA.