The market for title agents and abstracters’ errors and omissions insurance (E&O) has continued to be volatile. Many remaining insurers are raising rates or providing inferior coverage. ALTA members faced a similar situation in the mid-1980s, so ALTA 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), Risk Retention Group (RRG), the only company wholly owned and governed by title professionals. In 1988, TIAC began insuring ALTA members, making us one of the oldest and most experienced E&O insurers for title agents and abstracters. This expertise and experience is demonstrated in our broad coverage, unparalleled claims and underwriting services, and competitive premiums.
TIAC’s only business is providing E&O insurance and our policy was created by title professionals. E&O insurance is an essential component in protecting you against future claims and an integral part of ALTA’s Best Practices Pillar 6, requiring title agents to maintain appropriate levels of insurance coverage. Our underwriters are dedicated industry professionals with an average of 25 years’ experience in the field. We are the only E&O insurer recommended by all major title insurers, including Fidelity National, First American, Old Republic, Stewart Title, and regional underwriters like Security Title Guarantee of Baltimore, Agents National Title Insurance Company, and Conestoga Title Insurance Company.
To learn more about our coverage, please take a look at our Services page.