Industry News

The American Land Title Association announced June 10 that Chris Morton has been named CEO, effective immediately. Morton succeeds Diane Tomb, who served as CEO for the past six years.

October Research Chief Knowledge Officer and Keys to Real Estate podcast host Mary Schuster discussed why engagement between industry professionals and their regulators is so important while speaking with a pair of incredibly personable leaders of the National Association of Insurance Commissioners, which regulates the title insurance industry.

Could you spot a fake ID? Many seasoned real estate professionals know the skill is useful to more than club bouncers or police officers. Jaime Kosofsky, executive vice president of business development and compliance at Brady and Kosofsky, can attest to this fact, as he noted on a recent episode of the Keys to Real Estate podcast.

Amid increasing reports of quit claim deed fraud schemes throughout the state, New Hampshire Attorney General John Formella urged real estate owners to be diligent.

The California Privacy Protection Agency is accepting public comments and calls for modification to its next regulation package, which includes cybersecurity audits and artificial intelligence and insurance company regulations.

The state of New York is suing Capital One Financial Corp., alleging charges similar to those previously brought by the Consumer Financial Protection Bureau in a lawsuit the bureau later dropped. Capital One told our sister publication Dodd Frank Update it plans to defend itself against the allegations.  

Under the provisions of a bill recently signed into law in South Carolina, insurance entities in the state will now need to abide by certain investment and capital risk analysis requirements as advised by the National Association of Insurance Commissioners.

Third-party administrators are being reviewed by the Delaware Department of Insurance to ensure compliance with state laws and regulations governing claims handling, disclosures and more.

With deed fraud presenting a more pervasive threat by the day, collaborative solutions between regulatory agencies and industry associations are in demand. Bill Anderson of the National Notary Association shared his insights from recent conversations with federal enforcers and other experts with The Legal Description.