liability

Title Insurer Held Liable for Title Agent’s Actions

Insurance Journal (05/03/10)

Thurston County (Wash.) Superior Court Judge Paula Casey has ruled that the state insurance commissioner may hold an insurance company liable for the actions of the company’s appointed agent. “If you allow someone to do business on your behalf, it only stands to reason that you can be held responsible for what they do,” said Washington state Insurance Commissioner Mike Kreidler. In an April 23 order, Superior Court Judge Paula Casey ruled that Chicago Title Insurance Co. could be held responsible for illegal inducements offered to solicit title insurance business by one of its appointed agents, Land Title Co. of Kitsap County Inc.   Read full article at Insurance Journal

Info On Home Closing

Home Closing 101: An Educational Initiative of the American Land Title Association