North American Title Enters Indiana Market
|January 29, 2013|
The Indiana Department of Insurance has issued a certificate of authority for North American Title Insurance Co. (NATIC) to insure real estate titles in Indiana. This brings the total number of authorized states NATIC does business in to 31. Indiana is part of NATIC’s overall growth strategy to cover the major metropolitan areas of the United States.
"We are all very excited about entering the Indiana title insurance market, which ranked 28th in the nation through the 3rd quarter in 2012 with over $26b in premiums written,” said Emilio Fernandez, president of North American Title Insurance Co. “NATIC will provide a fresh and new alternative in the marketplace, which will be attractive to those Indiana 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 a few good agents."
Insurance rating agencies Demotech Inc. and Kroll have rated NATIC as one of the best capitalized and managed underwriters in the title insurance industry.