NAILTA President Speaks To NAIC: Time to Prohibit AfBAs is Now!

Yesterday, NAILTA President, Anthony L. Affatati, was invited to address the National Association of Insurance Commissioners (NAIC) in Washington DC during their Fall Meeting. NAIC is the consortium of each state’s department of insurance regulator which helps to draft rules regarding the industry. Currently, NAIC is working on draft rules regarding escrow account theft and…

NAILTA Weighs in on NAIC Escrow Theft White Paper

14916933_sAs the National Association of Insurance Commissioners (NAIC) and the title insurance industry attempt to address the concerns of regulators over the subject of escrow account theft and consumer protection issues, the National Association of Independent Land Title Agents (NAILTA) released the enclosed white paper and introduced an important predictive measure to help regulators spot title insurance underwriters who may be at greater risk for insolvency.