TIAC Prepares To Celebrate 30th Anniversary With Rate Reductions to its Title Agents and Abstracters E&O Program
Title Industry Assurance Company RRG (TIAC) was created by the American Land Title Association in 1987 to provide ALTA members a long-term, stable market for title agents and abstracters E&O insurance. Since issuing its first policy on June 1, 1988, TIAC has clearly fulfilled that mission and continues to be the only insurer wholly owned and governed by title professionals. As one of the oldest and most experienced E&O insurers, TIAC’s expertise is demonstrated every day in the broad coverage it provides, unparalleled claims, underwriting, and risk management services, and very competitive premiums.
E&O insurance is an essential component in protecting insureds against future claims and an integral part of ALTA’s Best Practices Pillar 6 which requires title agents to maintain appropriate levels of insurance coverage. TIAC is also the only E&O insurer recommended by all four of the major title underwriters and several regional underwriters as well.
TIAC is celebrating its 30th anniversary by reducing rates. But most importantly, TIAC’s coverage is the broadest available and offers leading-edge coverages like $100,000 Client Funds Protection for qualified agencies and up to $50,000 Privacy Breach Mitigation Expense Coverage to help address the rapidly emerging cyber threats to the title industry.
“As our endorsed professional liability insurance program, we encourage all our members to find out how their firms can benefit from TIAC’s broad coverage and excellent service.” Daniel D. Mennenoh ITP, NTP ALTA’s 2016-2017 President.
