Florida court says underwriter not responsible for reasonable search, affirms reissue rate ruling

A Florida appellate court affirmed summary judgment in favor of a title insurer who was sued for allegedly not providing homeowners in refinance transactions with the promulgated reissue rate ruling. The homeowners had alleged that it was the title underwriter and issuing agent’s responsibility to do a reasonable search to determine whether there was a prior policy on the property. Read on to find out what the Third District Court of Appeals of Florida had to say on the matter.