MIAMI, OCTOBER 18, 2012 — North American Title Insurance Company (NATIC) announced today that they have finally received the certificate of authority from Washington State’s Office of the Insurance Commissioner granting them the ability to insure real estate titles in the State of Washington. This increases the total number of states NATIC can do business in to 29, and brings the company closer to accomplishing its growth strategy, in which it will reach all the major metropolitan areas of the United States. New York, Indiana, Idaho and Oregon are currently pending applications.
North American Title Insurance Company is among the top ten title insurance underwriters in the United States, being ranked 6th in the nation (by policyholder surplus). Having already expanded over half the country, NATIC earned the highest ranking in its class, with a Demotech® Rating of A’ Unsurpassed. Kroll® Bond Rating Agency has previously rated NATIC one of the best-capitalized and managed underwriters in the title insurance industry. With an unprecedented history and a focused future, NATIC is sure to break new-ground in the industry.
NATIC is known for its distinctive title production solutions and exceptional pricing programs. Independent Agents of NATIC, have exclusive access to the company’s resources, tools, and advanced technology. These leading innovations make it easier for NATIC’s agents to offer the real estate community services designed to sharpen their competitive edge in the marketplace.
“We are all very excited about entering the Washington State title insurance market, which ranked 14th in the nation last year with over $217M in premiums written,” said Emilio Fernandez, President, North American Title Insurance Company. “NATIC will provide a fresh and new alternative in the marketplace, which will be attractive to those Washington State independent title agents who are looking for a true business partner in their underwriter. A different kind of underwriter is in town and we’re looking for the best agents around.”
About North American Title Insurance Company (NATIC)
North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter helping customers achieve the American dream of home ownership for over 50 years. NATIC, through its affiliated agency NATC, and vast network of independent agents, conducts real estate settlement services in 29 states. NATIC earned the reputation as the “underwriter next door,” because their associates are always easy to reach and their processes are, at all times, quick and straightforward. The NATIC agency application process is fast and transparent for qualified agents. NATIC has a one-hour underwriting response guarantee that is unparalleled in the industry.
NATIC is the largest capitalized company in Peer Group 2, which groups companies with capitalization between $25,000,000 and $100,000,000, as determined by Kroll Bond Rating Agency, Inc. NATIC is ranked 8th by The Performance of the Title Insurance Underwriters in terms of cash or cash equivalents. North American Title Insurance© Company maintains over $67,000,000.00 in cash or cash equivalents. This represents over 92% of the company’s assets and is characteristic of the most important attribute to Title Protection, namely, Financial Responsibility.
Demotech, Inc. awarded NATIC a rating of: A’ (A Prime) Unsurpassed.
NATIC is headquartered in Miami, Florida. For more information contact: 216-647-2735 or, email: join@natic.com
by Emilio Fernandez