Southern Title Insurance Corporation, based in Virginia Beach, VA, was ordered into liquidation by the State Corporation Commission of Virginia in July 2014 due to insolvency. The company is currently processing Proofs of Claim and issuing determinations, with a deadline for claim filing set for January 28, 2015.
On October 4, 2016, an Assumption Agreement was approved by the Commission, allowing First National Title Insurance Company (FNTI) to assume certain liabilities of Southern Title for policies issued in Texas. FNTI is a Texas-based title insurer, and the Assumption Agreement excludes claims previously filed with the Receiver of Southern Title or the Texas Title Insurance Guaranty Association (TTIGA).
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