DCLTA News

DISB Bulletin on Partial Government Shutdown

The Department of Insurance, Securities and Banking has issued Bulletin 19-IB-1-1/24 directed to all insurance and banking entities licensed or regulated by the Department regarding financial hardship resulting from the partial shutdown of the federal government. The Bulletin may be downloaded below.  

Read More

Forged Deeds in DC Home Theft Scheme

A 39-year-old man from South Carolina was sentenced Oct. 19  to 18 months in jail on a federal wire fraud charge stemming from a real estate scheme in which he and others used forged deeds and fake driver’s licenses to fraudulently transfer ownership of District of Columbia homes from the rightful owners. For HERE for

Read More

Industry News

Survey: Less Than 60 Percent of Title Companies Have Cyber Insurance

Wire transfer fraud and cyberattacks are top of mind for most title company owners. According to the FBI, there has been a 1,100 percent rise in these crimes from 2015-2017. However, only 58 percent of title companies nationwide have cyber liability insurance policies, according to a nationally representative survey conducted last year by ALTA’s Data

Read More

Survey: Most Title Companies Have E&O Coverage

More than 95 percent of title companies have errors and omissions (E&O) insurance coverage, according to a nationally representative survey conducted last year by ALTA’s Data & Analytics Work Group. Additionally, almost a quarter have made claims on that insurance over the past five years. (see chart below) The survey of over 650 title agents

Read More

Pitch Perfect: ALTA President Cynthia Durham Blair’s Blend of Attributes Will Guide Industry to Amazing Harmonic Heights

Cynthia Durham Blair NTP always desired to be a professional singer. After high school, she hoped to go to New York City and try her luck on Broadway. “My dad put the kibosh on that and told me I had to get a college degree first,” she said. Broadway’s loss was the title industry’s gain.

Read More

Action Plan if Affected by Marriott Data Breach

Marriott International says that a breach of its Starwood guest reservation database exposed the personal information of up to 500 million people. According to the Federal Trade Commission, there are steps you can take to help guard against misuse of your information if it was exposed. According to Marriott, the hackers accessed people’s names, addresses,

Read More