Southern Title Agency, based in Lynchburg, VA, was a title insurance corporation that was ordered into liquidation by the State Corporation Commission of Virginia in July 2014 due to insolvency. The company set a claims filing deadline of January 28, 2015, and is currently adjudicating proofs of claim, issuing notices of claim determination, and allowing for appeals under the receivership appeal procedure.
In October 2016, the Deputy Receiver filed an application for the approval of an assumption agreement between Southern Title, First National Title Insurance Company (FNTI), and the Texas Title Insurance Guaranty Association (TTIGA). The agreement was approved by the Commission in February 2017, with FNTI assuming certain liabilities of Southern Title for policies insuring Texas properties only.
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