California Approves State’s ‘First Insurtech’ Title Insurer

August 23, 2018

The California Department of Insurance on Aug. 21 announced that it approved the license for States Title. The department said the Silicon Valley-based startup is the first insuretech title insurer licensed and domiciled in California.

States Title Insurance Company of California, according to the release, uses data-driven technology to predict the risk and severity of a title defect on a property, aiming to deliver title insurance more efficiently and at lower costs.

"We are incredibly pleased to be doing business in the state of California," said States Title CEO Max Simkoff. "We look forward to bringing much-needed innovation and efficiency to the title insurance industry, as well as top-notch service to our customers."

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