What happens when an entire industry realizes the insurance marketplace may no longer understand its business? That question led title professionals to build TIAC — a title-specific E&O program built by title people, for title people. In this episode of Keys to Real Estate, TIAC Program Executive Casey Withers breaks down the fundamentals of title agency coverage, risk retention groups, claims-made policies and the insurance details many professionals don’t discover until they’re already in trouble.
Chapters:
0:00 - Introduction to Casey Withers and TIAC’s history in the title industry
2:05 - The origins of TIAC and industry crises in the 1980s
4:15 - What makes TIAC different: industry focus and tailored solutions
6:30 - The importance of title-specific E&O and understanding policy nuances
8:45 - Claims-made policies, retroactive dates, and coverage gaps
11:00 - Common misconceptions: cyber coverage, exclusions, and claim processes
13:20 - Emerging risks: cyber threats, wire fraud, and bonds in the industry
15:50 - Evaluating insurance providers: longevity, claims handling, and endorsements
18:10 - The model of risk retention groups: ownership, governance, and benefits
20:25 - How agencies should assess limits, deductibles, and renewal timing
23:10 - Final advice: stay proactive, ask questions, and review coverage regularly
For more about TIAC: https://tiacrrg.com/
Get In Touch…
Guest email: [email protected]
Host email: [email protected]
To find more episodes of “Keys to Real Estate” or learn more about October Research – the nation’s leading independent provider of market intelligence, industry news, expert analysis and regulatory information for professionals in the real estate, title, financial and settlement services industries – visit https://www.octoberresearch.com.
Episode sponsored by First American Trust – https://www.firstamtrust.com
Episode produced by October Research – https://www.octoberresearch.com