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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Stewart Title Discontinues Business with Richmond Title in California

March 19, 2007

HOUSTON--On March 14, 2007, the California Department of Insurance (CDOI) announced that it has issued a Cease and Desist Order to Richmond Title Services, L.P. (Richmond), Stewart Title Guaranty Co. (Stewart), and Electronic Closing Services Inc., a Stewart affiliate. The CDOI alleges that Richmond is not properly licensed under California law. Upon receipt of the CDOI's Cease and Desist Order, Stewart discontinued doing business with Richmond in California. Stewart is conducting its own inquiry into the matter, and will cooperate fully with the CDOI.

The business Stewart transacted with Richmond over a 22-month period represents a small percent of Stewart's total title insurance business.

Stewart remains committed to complying with all laws pertaining to its conduct of title insurance and settlement business in all jurisdictions in which Stewart operates, including California.

Source: Stewart Information Services Corp.

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American Land Title Association
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